Insurance Info

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...

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...

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 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...

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,...

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)...

Newly incorporated digital bank GX Bank Berhad and Zurich Insurance Malaysia have jointly announced a 10-year exclusive partnership to co-create micro protection products for the underserved in Malaysia. By leveraging...

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....

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...