Incentivise Non-profit Hospital Expansion To Ease Medical Costs – BNM

KUALA LUMPUR, March 24 (Bernama) -- Increasing the supply of affordable, mid-tier hospital beds and providing incentives for the expansion of not-for-profit hospitals can help mitigate spiralling medical insurance and medical costs.

Macro Solvency Stress Test Reaffirms Banks’ Resilience In Face Of Severe Shocks

KUALA LUMPUR, March 24 (Bernama) -- Solvency and liquidity stress test exercises have re-affirmed that banks in the country remain highly resilient even in the face of severe macroeconomic, financial, and liquidity shocks.

Deepseek AI Model Seen As Credit Neutral For China’s Insurance Sector - AM Best 

KUALA LUMPUR, March 24 (Bernama) -- The adoption of the artificial intelligence (AI) model DeepSeek among mainland China’s insurance companies could help small to medium-sized insurers enhance their operational efficiency, according to global credit rating agency AM Best.

DITO Licence Applications Remain Open Until Dec 31, 2026 - BNM

KUALA LUMPUR, March 10 (Bernama) -- The application for digital insurers and Takaful operators (DITOs) licences remains open until Dec 31, 2026, and Bank Negara Malaysia (BNM) may announce successful applicants during or after this period.

NAMLIFA Cautions Discrepancies In Private Hospital Charges Can Make Medical Insurance Unsustainable

KUALA LUMPUR, March 9 (Bernama) -- The National Association of Malaysian Life Insurance and Family Takaful Advisors (NAMLIFA) has urged the government to address the significant price disparity between insured and cash-paying patients at private hospitals, warning that such discrepancies could make medical insurance unsustainable.

Insurance Associations Forward Proposals For Healthcare, Insurance Sustainability

KUALA LUMPUR, March 7 (Bernama) -- The Life Insurance Association of Malaysia (LIAM), the Malaysian Takaful Association (MTA), and the Persatuan Insurans Am Malaysia (PIAM) have jointly proposed key recommendations to the Public Accounts Committee (PAC) to enhance affordability, transparency and sustainability in Malaysia’s healthcare and insurance sectors.

Thailand’s Non-life Insurance Market Rebounds With Strong Profits In 2023, Says AM Best

KUALA LUMPUR, March 3 (Bernama) -- Thailand’s non-life insurance market made a strong recovery in 2023, posting an underwriting gain of 13.0 billion Thai baht following a net underwriting loss of 50.7 billion Thai baht in 2022, according to a new AM Best report. (100 Thai baht = RM13.02)

Subsidy Proposal For Basic MHIT Products Needs In-Depth Study - Lim Hui Ying

KUALA LUMPUR, Feb 20 (Bernama) -- The proposal for the implementation of subsidies for the development of basic medical and health insurance and takaful (MHIT) products requires in-depth studies, including the long term impact on overall healthcare costs, said Deputy Finance Minister Lim Hui Ying.

Duck Creek, Worldpay To Provide Insurance Carriers With Scalable Payment Solutions

KUALA LUMPUR, Feb 12 (Bernama) -- Duck Creek Technologies, the global intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, has announced a strategic partnership with Worldpay to enhance payment solutions.

Duck Creek Technologies Unveils Payments Marketplace, Integration With Paymentus 

KUALA LUMPUR, Feb 5 (Bernama) -- Duck Creek Technologies, the global intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, has launched its Payments Marketplace, a comprehensive payments ecosystem purpose-built for the global insurance industry.

PIAM, Stakeholders Collaborate To Address Total Loss Vehicles

KUALA LUMPUR, Jan 28 (Bernama) -- General insurance and takaful companies are working closely with key stakeholders on the issue of total loss vehicles, according to the General Insurance Association of Malaysia (Piam).

SMR 20 Ends Higher On Concerns Over Natural Rubber Supply

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, Jan 23 (Bernama) -- Standard Malaysian Rubber 20 (SMR 20) closed higher today amid concerns over natural rubber (NR) supply due to wet weather, said a dealer.