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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Monday, 27 April 2009
Foreign ownership up to 70%
It is confirmed that the financial sector is to be further liberalised. Foreigners will be allowed to own up to 70% equity in insurance companies.
9 new bank and insurance licences will also be issued to world-class players from 2009-2011.
Source: The Star
Earlier post
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
- Actuary designation to include AIAAs
- Liberalisation in insurance/takaful industry?
- LPI expects claims ratio to be in control
- Manulife targets positive growth
- Great Eastern's Investment Strategies
- Motor insurance claims worsen
- MAA lowers price of GI unit
- Negative profit growth for MSIG
- Ikhlas Big Bike Takaful
- Takaful Ikhlas to reduce reliance on motor
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