Jail and RM10,000 fine for drink-driving
A children's accessories shop owner and a production company employee were each fined RM10,000 and sentenced to a day in jail after pleading guilty to drink-driving charges at the Magistrate's...
New business for life, general insurance saw double-digit growth in 1H 2024
New business premiums in life and general insurance industry recorded double-digit growth in the first half (1H) of 2024, exceeding RM20 billion, said Bank Negara Malaysia (BNM) governor Datuk Seri...
Get insurance coverage tailored to your needs, say experts
“Steep hike in insurance premium.” “Shocked by steep hike in premium.” These were the two headlines seen in The Star over the past two weeks, which came from readers voicing...
Berjaya Sompo partners up with iMotorbike to launch the good riders: Motocheck Campaign
In a concerted effort to promote the importance of motorcycle maintenance and road safety among Malaysian riders, Berjaya Sompo Insurance Berhad ("Berjaya Sompo") has launched The Good Riders: MotoCheck campaign...
Bank Negara to open licences to digital insurers that meet its requirements
Bank Negara Malaysia will issue licences to any digital insurer and takaful operator that meets its requirements and will not limit the number of licences to just five. In a...
Co-payment requirements for medical and health insurance and takaful products to promote sustainability, affordability — BNM
Bank Negara Malaysia (BNM) clarified on Saturday recent commentaries related to the implementation of co-payment requirements for medical and health insurance and takaful (MHIT) products, saying it aims to promote...
BNM mandates cost-sharing in medical and health insurance, takaful products
Bank Negara Malaysia (BNM) has required insurers and takaful operators (ITO) to introduce cost-sharing features in their new medical and health insurance and takaful (MHIT) products starting in the third...
Berjaya Sompo And FINCO Collaborate For Nationwide Book Drive, Advancing Quality Education And Sustainability
Berjaya Sompo Insurance Berhad (Berjaya Sompo), in partnership with the Financial Industry Collective Outreach (FINCO), has successfully concluded the BSIB-FINCO Nationwide Book Drive, collecting a total of close to 1,600...
BNM, insurers working on new insurance policies with cost-sharing provisions
Bank Negara Malaysia (BNM) and insurers are working on new insurance plans with cost-sharing provisions amid rising healthcare costs that will inflate claims and lead to higher premiums for consumers,...
Average RM15.1mil insurance claim payout per day
More road accidents mean rising insurance costs for Malaysian motorists, who claim an average of RM15.1mil a day according to United Kingdom-based research house Global Data. "As per (data from)...