MITBA is the New Name

Insurance Borkers Association of Malaysia has changed its name to Malaysian Insurance and Takaful Brokers Association (MITBA). It targets the brokers' share in the non-motor general segment to hit 50% within 3 years from the current 36.9%. Some target sectors include agriculture and information technology.

MITBA has 38 members comprising 29 composite, 4 takaful and 5 conventional insurance brokers.

Source: The Star