The Malaysian takaful industry made significant strides in 2024, making a record payout of MYR10.20bn ($2.31bn) in benefits to certificate holders.
The first phase of the "E-Government/My Private Insurance" project has been completed successfully. The project involves setting up a platform to provide fast, easy and effective insurance access and transactions.
The Council for Cooperative Health Insurance, a government body, has unveiled a project to update the Unified Insurance Medicines Guide, which enables beneficiaries to access essential medicines and support them in disease management while ensuring patient safety and quality healthcare.
Specialty MGA Africa & Middle East has appointed Ms Laila El Bahtouri as treaty senior underwriter and Mr Mohamed Bader Bouananir as senior underwriter for specialty lines.