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, 19 September 2009
STMB eyeing more than 50pc market share
STMB is eyeing more than 50% market share (by what measure?) and has identified general takaful and retail family market as the key growth drivers.The following 3 new takaful products will be launched for FY 6/2010:
- Takaful myGraduan (protection and savings plan)
- Takaful myInvest (protection and investment plan)
- Takaful myGemilang (retirement plan)
The advantages of liberalisation according to STMB are:
- Increased innovation in products
- New technology
The disadvantages are:
- Market share of existing players reduced
- Staff pinching
Source: The Star
Labels: Business Targets, Liberalisation, Products, 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.
Previous Posts
- ING has 10pc invested in mortgage loans
- Uni.Asia General names COO
- Brain Teaser #1
- No news is good news
- Great Eastern hires takaful head
- UOB Life to be sold
- 30pc quota lifted for Allianz
- More actuaries are becoming CEOs
- Etiqa Takaful to expand in Asian region
- Star's article on RBC and liberalisation
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