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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Saturday, 11 October 2008
Increase Capital to Weather Financial Storm
Daljit Dhesi of The Star has commented that the worldwide credit crunch was a wake-up call for insurers in Malaysia to increase capital to weather the financial storm.
Comment was also made on increasing capital to be in compliance with RBC. "The RBC framework to be implemented in January 2009 will benefit policyholders and insurers as the latter will become stronger and more competitive globally to face the growing challenges."
Source: The Star
Labels: RBC
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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