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PETALING JAYA: Fintech service provider Axiata Digital Capital, which operates under the brand name Aspirasi, has signed a strategic partnership with Great Eastern to provide affordable and customised insurance and takaful products for consumers, micro-entrepreneurs and SMEs.
PETALING JAYA: Following the government’s decision to pare down foreign insurance players’ ownership in their Malaysian businesses, AXA SA and Affin Bank Bhd are reportedly mulling the sale of their general and life insurance businesses in Malaysia.
KUALA LUMPUR: The Life Insurance Association of Malaysia (LIAM) has appointed veteran Loh Guat Lan, CEO of Hong Leong Assurance Bhd, as president of the trade association.
KUALA LUMPUR: All foreign insurers operating in Malaysia have about two more months to submit their plans on paring down their shareholdings in their local units.
SINGAPORE: Great Eastern Holdings (GEH) on Monday said that it is in discussions with the Malaysian authorities on possible options to enable its unit, Great Eastern Life Assurance (Malaysia) Berhad (GELM), to satisfy prevailing foreign ownership requirements applicable to insurance companies in Malaysia.
KUALA LUMPUR: The Life Insurance Association of Malaysia (LIAM) welcomes the tax relief on the separation of EPF and the life insurance/takaful as proposed by the government.
* Federal Government’s debt and liabilities up to end June 2018 stood at RM1.065 trillionl, which is about RM350bil higher than the amount officially disclosed by the previous government.
PETALING JAYA: The move for foreign insurers to pare down their stakes to 70% in their wholly owned local units is still ongoing pending further announcements, say industry sources.
KUALA LUMPUR: Retirement Fund Inc (KWAP) is planning to allocate more funds to the private investment space to get better returns amidst the low interest rate environment. KWAP said more money could be allocated to property development, private equity and infrastructure projects.