Why insurance is essential?
Insurance plays a crucial role in today's society by offering essential financial protection and peace of mind to individuals and businesses alike. At its core, insurance is a contract between...
Lack of life insurance a ticking time-bomb, says industry
Less than half of the Malaysian population is insured, according to industry players who urged the public to have adequate medical coverage to handle unexpected illnesses in their old age....
General Insurance Premium grow by 7.8%, but claims payout RM21mil per day
The general insurance industry recorded an increase in gross written premiums of 7.8% to RM21.4 billion for 2023 compared to the previous year. Despite the positive trajectory, the underwriting profit...
BNM: Insurance and takaful funds’ profit dropped in 2H2023 as payments of medical claims increased
The profitability of insurance and takaful funds declined in the second half of 2023 (2H2023) due to larger net underwriting losses of life insurance and family takaful funds as a...
Insurance companies and Takaful operators need to ensure fair services to all claims
Bank Negara Malaysia has mandated insurance companies and takaful operators to conduct thorough and impartial investigations into all consumer claims. This directive aims to ensure equitable treatment for consumers and...
Theft due to owner’s negligence is not covered by Insurance
The Magistrate's Court in Kuantan has ruled that a tractor owner cannot seek compensation for the theft of his vehicle under his insurance policy as he had carelessly left the...
Allianz EV Shield provides extra cover for EV owners
Allianz General Insurance Company Malaysia Berhad (Allianz General) has announced its latest insurance product, Allianz EV Shield, which is the firm’s insurance coverage for electric vehicles under the private car...
Prudential Malaysia celebrates its 100th anniversary
AS Prudential Malaysia celebrates its 100th anniversary, its ambition to add value to the wider community for a more sustainable and inclusive future will continue to drive the insurer and...
Uproar over health premium hike
HEALTH insurance policyholders in the country seem to be the hardest hit when it comes to price hikes. For the second time in three years, health insurers have seen it...
Etiqa Introduces Family Protection with Improved Term and Critical Illness Plans in Partnership with EPF
Etiqa launched its new term and critical illness family plans in collaboration with the Employee Provident Fund (EPF). The newly unveiled offerings consist of two insurance products, Etiqa Term Plus...