The general insurance and takaful sector's operating profits were broadly sustained at MYR1.9bn in the first half of 2025, according to Bank Negara Malaysia's (BNM) report, titled "Financial Stability Review: First Half 2025".
Malaysia will soon reactivate the Health Grievance Mechanism Committee to address disputes involving medical claims and streamline operational practices within the insurance industry.
AIA Bhd has appointed Mr Heng Zee Wang as CEO. In his new role, Mr Heng will lead AIA's life insurance and other business entities in Malaysia by strengthening its position as a market leader and driving the company's continued expansion and transformation.
Bank Negara Malaysia policy document on the broader application of ta`awun (mutual assistance) in takaful by the end of this year,
Global economic and policy uncertainties and the consequent volatile financial market conditions are expected to continue to pose a key downside risk to the performance of insurers and takaful operators (ITOs) in Malaysia, given their sizeable investment holdings in bonds and equities, according to Bank Negara Malaysia's (BNM) report, titled "Financial Stability Review: First Half 2025".
Prudential Assurance Malaysia Bhd (PAMB) and UOB Malaysia have introduced PRUSupreme Legacy, an insurance plan tailored for flexible financial planning for families with global ties.
FM has appointed Mr Calvin Kuan as client service manager for Southeast Asia.
The Malaysian medical community is continuing its efforts to ensure that insurers, takaful operators (ITOs) and third-party administrators (TPAs) are prevented from interfering in doctors' clinical decision-making.
Life insurers and takaful operators (ITOs) in Malaysia were affected by weaker equity investment performance amid uncertainty surrounding US tariffs in the first half of this year, according to Bank Negara Malaysia's (BNM) report, titled "Financial Stability Review: First Half 2025".
Sompo insurance has expanded its travel insurance service to a number of countries in Asia following a successful rollout in Thailand.