Insurance News
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Friday, 25 July 2008
Mitba wants to self regulate
The Malaysian Insurance and Takaful Brokers Association (Mitba) wants to become a self-regulatory organisation by September 2009. A new CEO will be appointed to head the organisation.
Currently the brokers' market share stands at 36.9% of the total non-life and non-motor general insurance premium of RM5.65 bil. About 85% of the broking market is held by foreign brokers and 15% by local brokers.
Source: The Star & Bernama
Labels: MITBA
posted by Teh Loo Hai @ 12:14
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About Me
- Name: Teh Loo Hai
- Location: Kuala Lumpur, Malaysia
Loo Hai is an actuarial recruiter cum actuarial consultant. He has over 20 years of work experience gained in Malaysia and Australia in the actuarial, insurance, takaful and pension fields.
Previous Posts
- Equitable Life - Maladministration by Regulators
- AUD Guaranteed Income Savers II
- MITBA is the New Name
- PRUway
- S$69 million Exposure
- Enhanced Motor Insurance Package
- Allianz is No. 2
- September Deadline for PacificMas
- Etiqa to Double Profits by Next Year
- Inflation will Affect Motor Insurance Business
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