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, 23 May 2009
How did GE and Prudential stake up in Q1 2009?
Prudential has announced its results in Malaysia for Q1 2009 through Bernama. Its NB sales in Q1 2009 grew 17% compared with Q1 2008. This is different from 60% as reported in Prudential's website.APE for both insurance and takaful sales for Q1 2009 was RM122 mil, for Q1 2008 it was RM105 mil.
GE reported APE for Q1 2009 of RM170 mil. Prudential advertised that it had attained the top position in Malaysia early in the year. LIAM subsequently denied that it issued any public information on the ranking of life insurance companies.
Source: The Star, Business Times
Labels: Great Eastern, Prudential
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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