7h ago
KUALA LUMPUR, May 12 (Bernama) -- Allianz General Insurance Company (Malaysia) Bhd said it was committed to empowering small and medium enterprises (SMEs) with tailored insurance solutions to strengthen resilience and help them adapt to an evolving risk environment amid economic headwinds.
7d ago
KUALA LUMPUR, May 6 (Bernama) -- Malaysia’s general insurance industry recorded gross written premium (GWP) of RM24.2 billion in 2025, representing a 4.8 per cent increase from RM23.1 billion in 2024, driven mainly by continued expansion in the motor and fire insurance segments, according to the General Insurance Association of Malaysia (PIAM).
15d ago
KUALA LUMPUR, April 28 (Bernama) -- Cost pressures in Malaysia’s medical and health insurance/takaful (MHIT) sector are driven mainly by higher utilisation of healthcare services and misaligned incentives, rather than sharp increases in treatment prices, according to a World Bank Group report.
1m ago
KUALA LUMPUR, April 11 (Bernama) -- The Malaysian insurance and takaful industry is expected to address any structural gaps during the pilot phase of the Malaysia Health Insurance and Takaful Initiative (MHIT), which is scheduled for rollout in the second half of 2026.
1m ago
KUALA LUMPUR, March 17 (Bernama) -- The Life Insurance Association of Malaysia (LIAM) has concluded the i-MULA 50 Starter Pack Insurance Fund, with about 90,000 Malaysians signed up for coverage.
2m ago
KUALA LUMPUR, March 2 (Bernama) -- The Malaysian insurance industry is poised to enter a new phase of major reforms under government-led RESET initiatives, including the introduction of the medical and health insurance/takaful (MHIT) plan and diagnostic-related group (DRG) pricing to address rising medical costs.
3m ago
KUALA LUMPUR, Jan 26 (Bernama) -- Quantexa, a global pioneer in Decision Intelligence (DI), announced the global availability of its Quantexa Accelerator for Decision Intelligence for Guidewire ClaimCenter on the Guidewire Marketplace.
3m ago
KUALA LUMPUR, Jan 23 (Bernama) -- The insurance and takaful industry has published a reference guide on price ranges for common private healthcare services in Malaysia.
3m ago
KUALA LUMPUR, Jan 23 (Bernama) -- CIMB Securities Sdn Bhd views Bank Negara Malaysia’s (BNM) White Paper on the base medical health insurance/takaful (MHIT) plan as a pivotal step towards broadening healthcare accessibility, with the potential to expand the risk pool across all participating insurance and takaful operators (ITOs).
3m ago
KUALA LUMPUR, Jan 22 (Bernama) -- Bank Negara Malaysia (BNM) will strengthen regulatory requirements for all medical and health insurance/takaful (MHIT) products following the introduction of a standardised base MHIT plan, aimed at improving consumer protection and ensuring long-term premium sustainability, said Finance Minister II Datuk Seri Amir Hamzah Azizan.
5m ago
By K. Naveen Prabu
KUALA LUMPUR, Dec 8 (Bernama) -- Malaysia’s general insurance sector ends 2025 with resilience and underlying fragility.
5m ago
KUALA LUMPUR, Dec 4 (Bernama) -- The basic medical and health insurance (MHIT) to be introduced in early 2027 will be a standalone product and not linked to investments, according to the Finance Ministry (MoF).