The Galen Centre for Health and Social Policy, an independent public policy research and advocacy organisation based in Kuala Lumpur, says that a co-payment option in health insurance could expose households to financial catastrophe.
Bank Negara Malaysia (BNM) yesterday issued the "Policy Document on Licensing and Regulatory Framework for Digital Insurers and Takaful Operators (DITOs)".
Bank Negara Malaysia (BNM) has issued the Policy Document on Claims Settlement Practices (PD CSP) which sets out the minimum standards on the handling and assessment of general insurance and general takaful claims.
Cost of medical care in Malaysia is rising, Etiqa Family Takaful CEO Zafri Ab Halim said.
Bank Negara Malaysia will require 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 quarter of this year.
Malaysian Reinsurance (Malaysian Re) and Pacific Life Re, Singapore Branch (Pacific Life Re) recently signed an extension to the Memorandum of Understanding (MoU) on providing sustainable retakaful solutions to takaful operators.
Senangdali, a Philippine subsidiary of the Malaysian InsurTech firm Senang.io, is working with GoodTech, a FinTech company linking farmers and homebuyers, merchants and gig workers, with rural financial institutions, to offer loan protection to rural banks.
The Malaysian Takaful Association (MTA) has launched a takaful post-retirement medical cover initiative.
Manulife Insurance Bhd (Manulife Malaysia) has launched the latest addition to its health solutions called Manulife MediShield.
Zurich Malaysia through its family takaful business, Zurich Takaful Malaysia Berhad (ZTMB) and its general takaful business, Zurich General Takaful Malaysia Berhad (ZGTMB) has established a strategic partnership with AEON Bank, Malaysia's first Islamic digital bank.