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, 1 October 2009
Plus and minus points of HSBC Amanah Takaful
Fitch Ratings affirms HSBC Amanah Takaful's 'A-' Insurer Financial Strength rating with stable outlook, taking into account the following plus and minus points:
Plus
- Ability and willingness of HSBC group to provide support
- HSBC well-recognised brand name, product and distribution capabilities, management resources
- HSBC Amanah Takaful's healthy capitalisation, conservative investment mix, prudent management
Minus
- Limited track record
- Modest size
- Possible execution risks
- Competitive and evolving takaful environment
- Management of expenses in balance with growth
- Limited depth and breadth of Islamic bond market in Malaysia
Source: Business Times
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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