Bank Negara Malaysia policy document on the broader application of ta`awun (mutual assistance) in takaful by the end of this year,
Global economic and policy uncertainties and the consequent volatile financial market conditions are expected to continue to pose a key downside risk to the performance of insurers and takaful operators (ITOs) in Malaysia, given their sizeable investment holdings in bonds and equities, according to Bank Negara Malaysia's (BNM) report, titled "Financial Stability Review: First Half 2025".
Prudential Assurance Malaysia Bhd (PAMB) and UOB Malaysia have introduced PRUSupreme Legacy, an insurance plan tailored for flexible financial planning for families with global ties.
FM has appointed Mr Calvin Kuan as client service manager for Southeast Asia.
The Malaysian medical community is continuing its efforts to ensure that insurers, takaful operators (ITOs) and third-party administrators (TPAs) are prevented from interfering in doctors' clinical decision-making.
Life insurers and takaful operators (ITOs) in Malaysia were affected by weaker equity investment performance amid uncertainty surrounding US tariffs in the first half of this year, according to Bank Negara Malaysia's (BNM) report, titled "Financial Stability Review: First Half 2025".
Sompo insurance has expanded its travel insurance service to a number of countries in Asia following a successful rollout in Thailand.
Allianz Life Insurance Malaysia Berhad (Allianz Life) has unveiled AssuredLove, a new feature that empowers life insurance policyholders with the choice of flexible death benefit annual payouts over five or ten years, ensuring tailored financial stability for beneficiaries.
Malaysian regulator Bank Negara Malaysia (BNM) and the ministry of health (MOH) will soon meet the country's medical community to discuss the government's proposed base medical and health insurance/takaful (MHIT) product.
The ASEAN insurance industry has established the ASEAN Takaful Alliance (ATA) to foster regional collaboration, knowledge sharing, and capacity building among takaful operators.