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, 23 April 2009
Negative profit growth for MSIG
MSIG Insurance has suffered a pre-tax profit growth of -21.4% in FY 12/2009.Reason quoted: significant drop in investment and other income.
Information on MSIG:
- 3rd largest general insurer by premium income.
- RM120.9 mil pre-tax profit (2009) vs RM153.9 mil (2008).
- Will launch new personal & lifestyle insurance products.
- Gross premium grew 9% to RM774.2 mil (mainly from motor and miscellaneous).
Source: Business Times
Labels: Financial Results, Motor Insurance, MSIG, Products
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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