Regulatory measures to strengthen the takaful system, macroeconomic stability, digitalisation and increased awareness of takaful products will support sustained growth of Malaysia's takaful sector in 2025, Fitch Ratings said in a new report.
A staggering 85% of Malaysians are at risk of a legacy crisis due to the lack of a financial legacy plan, says Sun Life Malaysia's report titled "Insure or Unsure: Sun Life Insurance Literacy Survey 2025".
Malaysia is expected to retain its position as the world's largest sukuk market, predominantly in Malaysian ringgit, according to Fitch Ratings in a report released yesterday.
Malaysia's insurance regulator, Bank Negara Malaysia (BNM), has appointed Encik Aznan bin Abdul Aziz as deputy governor for a three-year term, effective 1 April 2025, and Ms Cindy Siah as assistant governor.
Howden Private Wealth has appointed Mr Bryan Pee as CEO of Singapore and Malaysia and Ms Shirley Sy as deputy CEO of Hong Kong.
RHB Investment Bank (RHB IB) believes that Malaysia's upcoming revision of private general practitioner (GP) consultation fees will not financially affect hospitals, as their pricing is governed by separate regulations.
Malaysia's financial regulator Bank Negara Malaysia (BNM) in collaboration with the ministry of health and the Employees Provident Fund will develop a basic health insurance and also takaful products that will provide value-based healthcare.
Bank Negara Malaysia (BNM) has received encouraging interest from various parties in submitting applications for Digital Insurers and Takaful Operators (DITO) licence(s), just three months into the start of the two-year application window that began on 2 January 2025. Planned consultation sessions with interested applicants are currently underway.
The National Association of Malaysian Life Insurance and Family Takaful Advisors (Namlifa) has called on the government to tackle the widening price gap between insured patients and those paying out of pocket at private hospitals, warning that the growing disparity threatens the long-term viability of medical insurance, reported The Star.
The Life Insurance Association of Malaysia (LIAM), the Malaysian Takaful Association (MTA) and Persatuan Insurans Am Malaysia (PIAM) have interacted with the country's parliamentary Public Accounts Committee (PAC) in a bid to address the escalating costs of healthcare and health insurance premiums.