Malaysia
Allianz Malaysia offers cashless hospital cover in travel plan
Allianz Malaysia offers cashless hospital cover in travel plan
Coverage extends to senior citizens up to age 85.
Allianz Malaysia lifts life profit 12.1% YoY with $61.1m in H1 2025
Group insurance revenue for the second quarter (Q2 2025) rose 10.9% YoY.
AM Best expects Malaysian Life Re performance to remain adequate in 2025
In 2024, Malaysian Life Re reported a negative insurance service result.
Over 90% of medical, health insurance and takaful policies saw hikes below 10%
The government has also rolled out the RESET initiative.
FWD Insurance, IBPO Group Berhad launch inclusive life cover with loan financing
Both are Shariah-compliant.
RHB signs bancassurance deals with Tokio Marine Life, Takaful Malaysia
RHB will distribute life insurance, family takaful, and general takaful products.
How will Malaysia’s general insurance market perform in 2025?
Pressures like new reciprocal tariffs from the US could impact future growth.
Zurich Malaysia launches AI assistant for agent support via WhatsApp
The tool is available 24/7, helping agents reduce turnaround time.
MSIG Malaysia names Ang Yien Chia as new CEO
Chua Seck Guan retires after a 42-year career in the industry.
Singapore-based petrochemical conglomerate secures $350m cover from ICIEC
The Islamic Development Bank (IsDB) Group is also investing $150m.
Markel Insurance names principal officer for Malaysia
Markel is currently licensed as a Tier 2 reinsurer in Labuan.
AmMetLife unveils new CEO
Prior to joining AmMetLife, he was CEO of Zurich Takaful Malaysia.
Sun Life Malaysia reels in Teck Seng as new CEO, Lew retires
Teck Seng brings over 30 years of experience in the insurance industry.
Malaysia introduces diagnosis-based pricing in health insurance reforms
The Health Minister said the product aims to support more sustainable private sector financing.
Revised solvency rules could spur new wave of Malaysian insurance M&As
Insurers must provide capital for increased risk from floods, among other charges.
Zurich Takaful rolls out plan with payouts up to 12%
Only 58% of Malaysians are actively saving for the future.
HSBC, Allianz Life launch wealth growth and life protection plan in Malaysia
The plan offers a minimum sum assured of MYR1m and payment flexibility.
Commentary
AI isn’t replacing insurance, it’s finally making it work