PETALING JAYA: With the Financial Services Act (FSA) and Islamic Financial Services Act (IFSA) around the corner, the pinching and hiring of talent is expected to intensify among composite insurers and takaful players amid the talent crunch in the competitive insurance arena.
Under the proposed Acts expected to come into force by the middle of this year composite insurers and takaful players would be, among others, required to split their life and general insurance businesses under separate licences.
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