PETALING JAYA: Will the soon-to-be-gazetted Financial Services Act (FSA) and Islamic Financial Services Act (IFSA) spark another round of consolidation among domestic insurers?
Yes, according to RHB Research, which said in a report the new rulings could have a “huge impact” on insurance firms, especially takaful players like Syarikat Takaful Malaysia Bhd and Malaysian National Reinsurance Bhd's Takaful Ikhlas Sdn Bhd.
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