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, 22 November 2008
ING registered strong growth
ING has registered 37% growth in new business weighted premium in 2008, contributed strongly by its single premium business, presumably as a result of bancassurance tie-up with Public Bank.ING's other business targets and performance:
- Pre-tax profit target for 2008: RM277 mil (2007: RM286 mil)
- 11.3% market share up to Q2 2008, 3rd largest
- 43.6% market share in group business and employee benefits
- Premium target for 2008: RM770 mil
- May partner an existing local takaful player
- Possibility of "right-sizing" support functions to save costs
Source: Business Times 1 & 2, The Star
Labels: Business Targets, ING, Merger
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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