AM Best Affirms Mongolian Re Credit Ratings
KUALA LUMPUR, Dec 5 (Bernama) -- AM Best has affirmed the financial strength rating of B (Fair) and the long-term issuer credit rating of “bb+” (Fair) of Mongolian National Reinsurance JSC (Mongolian Re).
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AM Best Affirms Excellent Ratings For Hong Kong’s China Taiping Insurance
KUALA LUMPUR, Dec 5 (Bernama) -- Global credit rating agency, AM Best has affirmed Hong Kong’s China Taiping Insurance (HK) Company Limited [CTPI (HK)] financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent), with a stable outlook.
Basic Medical And Health Insurance Introduced In 2027 To Be A Standalone Product -- MoF
KUALA LUMPUR, Dec 4 (Bernama) -- The basic medical and health insurance (MHIT) to be introduced in early 2027 will be a standalone product and not linked to investments, according to the Finance Ministry (MoF).
Five Digital Banks Now Operational, With RM3.1 Bln In Deposits As At Sept 2025 - MoF
KUALA LUMPUR, Dec 2 (Bernama) -- Five digital banks have commenced operations, recording total deposits of RM3.1 billion as at September 2025, according to the Ministry of Finance (MoF).
AM Best: Hong Kong Fire To Hit Reinsurers, Pressure Property Treaty Terms
KUALA LUMPUR, Dec 2 (Bernama) -- Global credit rating agency, AM Best expects a significant share of losses from the deadly Hong Kong apartment fire to flow to reinsurers—a shift that could halt downward pressure on Hong Kong property reinsurance rates despite a globally softening market.
Perodua Launches First EV Involving Development Cost Of RM800 Mln, Local Expertise
KUALA LUMPUR, Dec 1 Bernama) -- Perusahaan Otomobil Kedua Sdn Bhd (Perodua) today launched its first battery electric vehicle (EV), the QV-E, priced at RM80,000 (without insurance and excluding the battery), as part of its effort to develop a sustainable EV ecosystem.
AM Best: Asia-Pacific Insurance Stability Underpinned By Mature Markets
KUALA LUMPUR, Nov 26 (Bernama) -- AM Best’s benchmarking analysis of its rated Asia-Pacific (APAC) insurance companies shows that while mature markets continue to anchor rating strength and capital adequacy, emerging markets have maintained growth and profitability despite greater volatility, reinforcing the region’s overall structural resilience.
Takaful Malaysia 3Q Net Profit Rises To RM115.42 Mln On Lower Claims
KUALA LUMPUR, Nov 25 (Bernama) -- Syarikat Takaful Malaysia Keluarga Bhd (Takaful Malaysia) posted a higher net profit of RM115.42 million for the third quarter ended Sept 30, 2025 (3Q 2025), up from RM100.65 million a year ago, mainly due to lower claims incurred.
MoneyHero, InsureMO Partner To Boost Digital Insurance In Philippines
KUALA LUMPUR, Nov 25 (Bernama) -- MoneyHero Limited, a tech- and artificial intelligence (AI)-powered personal finance platform and digital insurance brokerage in Greater Southeast Asia, has entered a strategic partnership with InsureMO to expand digital insurance offerings in the Philippines through its local brand, Moneymax.
AM Best Affirms NongHyup P&C Ratings; Outlook Stable
KUALA LUMPUR, Nov 24 (Bernama) -- AM Best has affirmed South Korea’s NongHyup Property and Casualty Insurance Company Limited (NH P&C) financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent), with a stable outlook.
AM Best Affirms Excellent Ratings For Meritz Fire & Marine Insurance
KUALA LUMPUR, Nov 24 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) for South Korea’s Meritz Fire & Marine Insurance Co Ltd (Meritz), with a stable outlook.
Apex Securities Sees Inflation At Two Pct Next Year
KUALA LUMPUR, Nov 24 (Bernama) -- Apex Securities Bhd has maintained its projection for inflation to rise modestly to two per cent in 2026, the upper end of the official forecast range of 1.3-2.0 per cent.