Insurance News
Brief insurance news and digest for the busy executives. A handy insurance news archive with main focus on Malaysia. Disclaimer: While all attempts are made to ensure the accuracy of the news herein, we will not be liable for any loss arising from the use of any information contained in this blog. You may reproduce materials published here provided the source (news.actuaries.com.my) is properly acknowledged.
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Tuesday, 26 August 2008
MNRB Counts on Takaful
MNRB expects its takaful and retakaful businesses to drive revenue growth in the coming years.Some facts:
- Takaful Ikhlas' gross contributions: RM428 mil (FY08) vs RM224 mil (FY07)
- Takaful Ikhlas' net profit: RM11.4 mil (FY08) vs RM1 mil (FY07)
- MNRB Retakaful profit after tax and zakat: RM1.9 mil in first 8 months
- Overseas reinsurance business: currently 18% of its revenue; target: 25% of revenue (FY09)
- MNRB's net profit: RM170.44 mil (FY08) vs RM129.47 mil (FY07)
Source: The Star
Labels: Takaful Ikhlas
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.
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