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, 30 September 2008
MNRB's Regional Plan
MNRB's main focus in the next few years will be overseas especially in takaful and reinsurance businesses:- Takaful Ikhlas is eyeing the Egyptian (population: 70 mil, penetration rate: 1%) and Indonesian takaful markets
- Takaful venture in Egypt will be with selected partners
- Not ruling out strategic partner for Takaful Ikhlas in Malaysia
- Indonesia has no proper legislation on Islamic Insurance, potential will be tremendous once legislation framework is in place
- Reinsurance business made some inroads to Japan, the Middle East, North Africa and Eastern European countries
- Retakaful will focus in Malaysia, the world's largest takaful player
Source: The Star
Labels: Business Targets, Merger, MNRB, 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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