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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Wednesday, 8 July 2009
Takaful Malaysia distributes through Standard Financial Planner
Takaful Malaysia signed an agreement with Standard Financial Planner Sdn Bhd for the latter to distribute its products.Information on Standard Financial Planners:
- 1 of the 10 licensed financial advisors in Malaysia
- Operates across 7 countries
- > 300 representatives in Malaysia
- 75% of the representatives are licensed financial advisors with BNM
Some information on Takaful Malaysia:
- Aims to increase revenue by 10% through the distribution agreement
- Total assets: RM4.05 bil. Industry: RM11 - 12 bil.
- Aim to have >50% market share in terms of assets within 2 years
- Celebrate 25th anniversary in December, plan a rebranding exercise
Source: Business Times, The Edge, The Star
Labels: Business Targets, Takaful Malaysia
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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