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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Thursday, 30 April 2009
LIAM's press statement on liberalisation
LIAM issued a press statement on the liberalisation of the financial sector with the following points:- Right move to strengthen the insurance industry, enable it to compete with organisations of world standard
- More choices for consumers
- Increase the insurance penetration rate
- Issuance of 2 new takaful licences will improve takaful penetration rate, enhancing the position as MIFC
- Showcase to the world how conventional and takaful can co-exist
- Rules for conventional and takaful needs to be standardised for fair competition
- Attractive for strong MNCs to start operations or set up regional headquarters here
Source: LIAM, Business Times
Labels: LIAM
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
- LIAM's appreciation dinner
- Liberalisation of financial sector
- Foreign ownership up to 70%
- 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
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