(Bernama) THE Malaysian insurance industry is undergoing a transformation to provide a strong foundation for a more resilient and competitive industry in support of Malaysia’s economic development agenda. Bank Negara Malaysia’s (BNM) assistant governor, Datuk Muhammad Ibrahim, said Malaysia has implemented the risk-based capital framework this year and new product regulations. He said these developments ...
(Bernama) KUALA LUMPUR — White collar crime steals the thunder from conventional crime as it potentially affects the financial performance of commercial organisations in the country. As such, issues related to financial crime, fraud and corruption were a major concern to the government, said Inspector General of Police Tan Sri Musa Hassan. He said white ...
AEON Credit Service Malaysia Bhd (5139), a consumer finance provider, plans to sell insurance policies through the Internet and its service centres around the country to boost fee-based income. Managing director Naruhito Kuroda said it will sell general insurance from AIG and ACE, and life insurance from AIA to begin with. The firm, controlled by ...
DIGI.COM Bhd (6947) will start charging for two new insurance plans offered to its 7.2 million customers, which provide a month’s coverage underwritten by AIG General Insurance. The plans can be activated through text messages. For RM2, a customer will be covered for accidental death or permanent disablement at RM50,000 for 30 days. They can ...
(The Edge) KUALA LUMPUR: PacificMas Bhd has found another interested party to acquire its insurance business and an application has been made to Bank Negara Malaysia (BNM) to enter into negotiations, PacificMas non-independent director George Lee said. “It’s pending approval,” he told reporters after the company’s AGM here yesterday. He did not name the interested ...