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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Friday, 9 October 2009
Swiss Re to set up retakaful operation in Malaysia
Swiss Re has received the approval from BNM to open a dedicated retakaful operation in Kuala Lumpur writing both family and general retakaful businesses.
Swiss Re has been offering family retakaful solutions in the Middle East for the past 3 years.
Statistics on takaful business:
- Average annual growth rate between 2004 and 2007: 25% (inflation adjusted). Conventional: 10.2%
- Takaful premiums in 2007: US$1.7 bil
- 1.5 bil Muslim population worldwide
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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- New CEO for TM Asia Life
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