Finance Ministry unveils 'MediAsas' health insurance, pilot to begin end of July
PETALING JAYA: The new base medical and health insurance/takaful (MHIT) plan will be known as MediAsas, the Finance Ministry said.
Insurance sector to hold firm in 2H
PETALING JAYA: Malaysia's insurance and takaful sector is expected to remain resilient in the second half of 2026 (2H26) despite continued pressure from medical inflation, weaker investment returns and softer consumer spending, with industry reforms expected to gradually improve affordability, claims sustainability and operational efficiency.
CAB launches CAB 2.0 to support insurance, reinsurance industry digitalisation
KUALA LUMPUR: The Central Administration Bureau (CAB) has launched CAB 2.0, the enhanced cloud-based version of its Central Administration Bureau Facultative (CABFAC) system, to support the digital transformation of Malaysia's insurance and reinsurance industry.
Greenyield subsidiary Papua New Guinea factory hit by fire
Greenyield Bhd says a fire broke out at part of the factory operated by its 65%-owned subsidiary, Galley Reach Holdings Ltd, in Papua New Guinea on June 28, prompting a temporary suspension of operations at the affected facility.
Better protection for maids, employers
KUALA LUMPUR: Protection for domestic workers and their employers are set to receive a boost with the launch of a new insurance scheme with coverage spanning abscondment, hospitalisation and surgical treatment, among its benefits.
New expanded insurance scheme for domestic workers, employers launched
KUALA LUMPUR: Domestic workers and their employers will have access to insurance protection beyond the recruitment guarantee period under a newly launched scheme that covers abscondment, hospitalisation and surgical expenses.
Generali Malaysia, AmanahRaya launch Gen Sinar
PETALING JAYA: Insurer Generali Malaysia has joined hands with Amanah Raya Bhd (AmanahRaya) to launch Gen Sinar, an affordable personal accident insurance plan aimed at underserved families.
Manulife Malaysia's AUM hits record RM17.9bil amid growth in insurance business
KUALA LUMPUR: Manulife Holdings Bhd (Manulife Malaysia) said its asset management business achieved a record RM17.9bil in assets under management (AUM) as at Dec 31, 2025, driven by continued growth across its retail and institutional segments.
Takaful industry grows 4.73% in 2025, gross contributions reach RM16.38bil in 2025
KUALA LUMPUR: The Malaysian takaful industry demonstrated resilience in 2025, growing by 4.73 per cent in 2025, bringing total gross contributions to RM16.38 billion, according to the Malaysian Takaful Association.
Allianz Malaysia 1Q net profit rises 6.7% to RM227.3mil
KUALA LUMPUR: Allianz Malaysia Bhd remains focused on delivering sustainable growth amid a more challenging operating environment marked by rising competition, higher costs and evolving consumer needs.
