A new insurance scheme is expected to be offered to Malaysians working in Singapore to ensure they are protected during their daily cross-border travel, according to Kuala Lumpur's Human Resource Minister R. Ramanan. The scheme will cover around 400,000 Malaysians who travel to Singapore daily from Johor and will provide social security protection after hours.
Concerns have been raised over remarks in Parliament by the Finance Minister II suggesting that Employees Provident Fund (EPF) savings could be used to pay premiums for the proposed base medical health insurance and takaful (MHIT) plan.
Zurich Malaysia and Kenanga Investment Bank (Kenanga Group) have entered into a strategic partnership to expand the delivery of insurance and takaful solutions across general insurance, life insurance, and family takaful.
Environmental, social and governance (ESG) risks are becoming an increasingly material consideration for Malaysia's insurance industry, driven by intensifying climate impacts, evolving regulation and rising stakeholder expectations across the Asia-Pacific region, according to Etiqa Malaysia.
Malaysia will launch a voluntary base medical and health insurance/takaful (MHIT) plan, expected to provide standardised, affordable, and value-based private healthcare coverage.
Malaysia's insurance industry has renewed its commitment to strengthening transparency and fairness in medical claims management. Supported by the Ministry of Health (MOH) and Bank Negara Malaysia (BNM), the industry will focus on resolving systemic issues and improving communications between insurers, takaful operators and healthcare partners.
Multinational insurance firm Prudential plc has announced that its subsidiary, Prudential Corporation Holdings (PCHL), has acquired a further 19% stake in Sri Han Suria (SHS), the holding company of Prudential Assurance Malaysia (PAMB).
Aon has appointed Mr Neelay Patel as CEO of Malaysia, effective March 2026 and subject to regulatory processes.
Lockton has become the majority shareholder of Malaysian insurance brokerage Lockton Sime Insurance Brokers, signalling a shift in the firm's ownership structure, according to a press release issued on 15 January.
Malaysia's insurance and takaful sector faces rising long-term risk from climate change, but analysts are of the view that the outlook remains positive according to a new sectoral report.