LIAM’s i-Mula 50 Insurance Fund Draws 90,000 Sign-Ups

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.

Malaysian Insurance Sector Set For Major Reforms Under Reset Initiatives

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.

Quantexa Claims Accelerator Now On Guidewire Marketplace

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.

Insurance, Takaful Industry Publishes Reference Price Guide For Private Healthcare Services

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.

MHIT White Paper Seen Boosting Healthcare Access – CIMB Securities

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).

BNM To Strenghten Rules On Medical Insurance As Base MHIT Plan Rolls Out

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.

2025: Motor Losses, Climate Risks, Digital Shifts Shape General Insurance Landscape

By K. Naveen Prabu

KUALA LUMPUR, Dec 8 (Bernama) -- Malaysia’s general insurance sector ends 2025 with resilience and underlying fragility.

Basic Medical And Health Insurance Introduced In 2027 To Be A Standalone Product -- MoF

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).

Healthcare, Insurance Industries Revive GMC To Strengthen Medical Claims Management

KUALA LUMPUR, Nov 14 (Bernama) -- The healthcare and insurance/takaful industries have reactivated the Grievance Mechanism Committee (GMC) with the support of the Health Ministry and Bank Negara Malaysia, bringing together medical professionals, hospitals, insurers, takaful operators, and regulators to address systemic claims challenges.

BNM Reset Product’s Pilot to Start Next Year, Targeting Medical Inflation, Premium Pressures -- Governor

KUALA LUMPUR, Nov 14 (Bernama) – Bank Negara Malaysia’s (BNM) proposed basic medical and health insurance/takaful (MHIT) product is being finalised this year, with a pilot to begin next year as part of a strategy to address medical inflation and rising insurance premiums.

ITOs Must Submit Information To BNM Before Implementing Premium Readjustments — Lim Hui Ying

KUALA LUMPUR, Nov 6 (Bernama) -- Insurers and takaful operators (ITOs) are required to submit all necessary information to Bank Negara Malaysia (BNM) for review before implementing premium readjustments, said Deputy Finance Minister Lim Hui Ying.

AM Best Rates Delta’s Affiliates’ Performance Assessment Excellent

KUALA LUMPUR, Nov 3 (Bernama) -- Global credit rating agency, AM Best has affirmed the performance assessment (assessment) of PA-2 (Excellent) of Delta Insurance New Zealand Limited and Delta Underwriting Private Limited, Singapore.