Financial Sector Receives 2.3 MLN Complaints Over Last 5 Years -- BNM

KUALA LUMPUR, Jan 17 (Bernama) -- The financial industry received around 2.3 million complaints over the past five years, 98 per cent of which were related to the banking sector and the rest insurance and takaful-related.

Innovation In Focus: AM Best To Present At 18th India Rendezvous

KUALA LUMPUR, Jan 16 (Bernama) -- AM Best Executive Vice President and Chief Strategy Officer, Andrea Keenan, is set to deliver a presentation titled “Innovation is in Insurance’s DNA” at the 18th India Rendezvous, scheduled for Jan 20 to 22 at the JW Marriott Mumbai Juhu in Mumbai, India.

Etiqa Life Insurance Names Leong Su Yern As New CEO

KUALA LUMPUR, Jan 2 (Bernama) -- Etiqa Life Insurance Bhd (ELIB) has announced the appointment of Leong Su Yern as its new chief executive officer (CEO), effective Jan 1, 2025.

Insurance Industry In Limelight Due To Public Outcry Over Steep Medical Premium In 2024

By Zufazlin Baharuddin

KUALA LUMPUR, Dec 22 (Bernama) -- A review of the insurance industry’s performance in 2024 will undoubtedly have to include the backlash faced by the insurance and takaful industry after it announced a steep hike in medical insurance premiums.

LIAM CEO Mark O’Dell Honoured With Lifetime Achievement Award

KUALA LUMPUR, Nov 28 (Bernama) -- Life Insurance Association of Malaysia (LIAM) chief executive officer Mark O’Dell has been awarded the prestigious Lifetime Achievement Award at the 28th Asia Insurance Industry Awards 2024. 

Outlook For DUAE Segment Remains Positive Despite Capacity Challenges, Says AM Best

KUALA LUMPUR, NOV 22 (Bernama) -- Global credit rating agency, AM Best has maintained its market segment outlook for the delegated underwriting authority enterprise (DUAE) segment at positive, citing its sustained growth and niche expertise, despite potential issues that could arise from capacity challenges and rapid growth.

AM Best Joins 14th ASEAN Insurance Congress On Nov 25

KUALA LUMPUR, Nov 20 (Bernama) -- Global credit rating agency, AM Best will participate in the 14th annual Association of Southeast Asian Nations (ASEAN) Insurance Congress, scheduled for Nov 25, in Jerudong, Brunei Darussalam.

Duck Creek To Help MDA National Develops, Provides Innovative New Services 

KUALA LUMPUR, Nov 7 (Bernama) -- Duck Creek Technologies has been selected by MDA National (MDAN), an Australia-wide medical defence organisation, to deliver their new policy administration, policyholder portal, billing and next-gen analytics and insights solutions.

Budget 2025: EPF Contributions To Be Made Mandatory For Foreign Workers - PM Anwar

KUALA LUMPUR, Oct 18 (Bernama) -- The government plans to make it compulsory for all non-citizen workers to contribute to the Employees Provident Fund (EPF), said Prime Minister Datuk Seri Anwar Ibrahim.

Duck Creek Technologies Named Leader In P&C Insurance Technology Space By Gartner

KUALA LUMPUR, Oct 18 (Bernama) -- Duck Creek Technologies, an intelligent solutions provider defining the future of the property and casualty (P&C) and general insurance industry, has been positioned by Gartner as a Leader in the 2024 Gartner “Magic Quadrant for SaaS P&C Core Platforms, North America”.

Duck Creek To Provide Comprehensive Risk Management, Mitigation Solutions Via RCT Acquisition

KUALA LUMPUR, Oct 11 (Bernama) -- Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) insurance, has acquired Risk Control Technologies Inc (RCT), a Toronto-based provider of risk management and loss control solutions.

PIAM Appoints Chua Kim Soon As CEO Effective Oct 7

KUALA LUMPUR, Oct 8 (Bernama) -- The General Insurance Association of Malaysia (PIAM) has appointed Chua Kim Soon as its new chief executive officer, succeeding Julie Lean Gim Chong, effective Oct 7, 2024.