KUALA LUMPUR: RAM Rating Services Bhd (RAM Rating) has maintained its ‘stable’ outlook for the Malaysian insurance and takaful sector, expecting the sector to stay resilient in the face of a changing landscape, market volatilities and the normalisation of claims towards pre-pandemic levels.
Notwithstanding headwinds, the sector is still well-capitalised to absorb potential shocks, the rating agency said in a statement today.
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