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Friday, 25 July 2008

Mitba wants to self regulate

The Malaysian Insurance and Takaful Brokers Association (Mitba) wants to become a self-regulatory organisation by September 2009. A new CEO will be appointed to head the organisation.

Currently the brokers' market share stands at 36.9% of the total non-life and non-motor general insurance premium of RM5.65 bil. About 85% of the broking market is held by foreign brokers and 15% by local brokers.

Source: The Star & Bernama

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posted by Teh Loo Hai @ 12:14 PM   0 Comments Links to this post

Saturday, 19 July 2008

MITBA is the New Name

Insurance Borkers Association of Malaysia has changed its name to Malaysian Insurance and Takaful Brokers Association (MITBA). It targets the brokers' share in the non-motor general segment to hit 50% within 3 years from the current 36.9%. Some target sectors include agriculture and information technology.

MITBA has 38 members comprising 29 composite, 4 takaful and 5 conventional insurance brokers.

Source: The Star

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posted by Teh Loo Hai @ 3:29 PM   0 Comments Links to this post