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Excellent Credit Ratings Assigned To China Taiping Insurance (Macau) - AM Best

KUALA LUMPUR, March 21 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) of China Taiping Insurance (Macau) Company Limited (CTIM).

Vietnam’s PVI Insurance Rated Exceptional - AM Best 

KUALA LUMPUR, March 21 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of A- (Excellent), the long-term issuer credit rating of “a-” (Excellent) and the Vietnam National Scale Rating (NSR) of aaa.VN (Exceptional) of PVI Insurance Corporation (PVI Insurance), with a stable outlook.

BNM, Stakeholders To Expedite Long-term Solution To Tackle Rising Medical Cost

KUALA LUMPUR, March 11 (Bernama) -- Bank Negara Malaysia (BNM) and relevant stakeholders are working together to expedite the implementation of a long-term solution to effectively control medical cost inflation, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

NAMLIFA Cautions Discrepancies In Private Hospital Charges Can Make Medical Insurance Unsustainable

KUALA LUMPUR, March 9 (Bernama) -- The National Association of Malaysian Life Insurance and Family Takaful Advisors (NAMLIFA) has urged the government to address the significant price disparity between insured and cash-paying patients at private hospitals, warning that such discrepancies could make medical insurance unsustainable.

Islamic Finance To Grow, Sukuk Issuance To Ease In 2025 - Moody's

KUALA LUMPUR, March 4 (Bernama) -- Demand for Islamic finance will continue to rise as strong economic activity in the Gulf Cooperation Council (GCC) and Southeast Asia is supported by diversification agendas, investment inflows and population growth, according to Moody's Rating.

Thailand’s Non-life Insurance Market Rebounds With Strong Profits In 2023, Says AM Best

KUALA LUMPUR, March 3 (Bernama) -- Thailand’s non-life insurance market made a strong recovery in 2023, posting an underwriting gain of 13.0 billion Thai baht following a net underwriting loss of 50.7 billion Thai baht in 2022, according to a new AM Best report. (100 Thai baht = RM13.02)

In-depth Study To Be Conducted To Consider Feasibility Of Detailed Reporting Of Insurance Policy Profit And Loss

KUALA LUMPUR, Feb 26 (Bernama) -- A more in-depth study will be conducted to consider the feasibility of detailed reporting on the profit and loss of each medical insurance policy, said Deputy Finance Minister Lim Hui Ying.

The Dai-ichi Life Insurance Company Scores Superior Credit Ratings - AM Best

KUALA LUMPUR, Feb 18 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of A+ (Superior) and the long-term issuer credit rating of “aa-” (Superior) of Japan’s The Dai-ichi Life Insurance Company Limited (DL), the wholly owned operating subsidiary of Dai-ichi Life Holdings Inc (DLH).

MP Proposes Setting Up Forex Risk Committee To GLICs

KUALA LUMPUR, Feb 12 (Bernama) -- A member of parliament today called on the government to set up a committee to coordinate foreign currency exchange (forex) risks to the operations of government-linked investment companies (GLICs).

Allianz General Offers Comprehensive Property Protection With Smart Home Cover

KUALA LUMPUR, Jan 24 (Bernama) -- Allianz Malaysia Bhd, through its subsidiary Allianz General Insurance Company (Malaysia) Bhd, is offering a wide range of coverage add-ons to suit customers' property protection needs through its Smart Home Cover policy.

RHBIB Expects Property Sales To Grow By 10 Pct Y-O-Y In 2025

KUALA LUMPUR, Jan 3 (Bernama) -- RHB Investment Bank Bhd (RHBIB) expects property sales to grow by 10 per cent year-on-year (y-o-y) in 2025 with some developers likely to focus on launching mid-range high-rise products to conserve landbanks and address potential affordability issue. 

Maybank IB Projects Crude Oil Prices At US$70 Per Barrel In 2025

KUALA LUMPUR, Jan 2 (Bernama) -- Maybank Investment Bank Bhd (Maybank IB) expects Brent crude oil prices to be volatile and weaker this year, averaging at US$70 per barrel compared to US$80 per barrel last year.