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AM Best maintains stable outlook on Malaysia’s non-life insurance segment

AM Best maintains stable outlook on Malaysia’s non-life insurance segment

by AIP Online Bureau | Aug 4, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Malaysia’s non-life gross written premium rose by 4.0% to MYR 21.97 billion (USD 4.95 billion) in 2021, 44% of which was driven by the general takaful segment. AM Best is maintaining a stable market segment outlook on the Malaysian non-life insurance industry...
Sun Life to sell its UK business to Phoenix Group

Sun Life to sell its UK business to Phoenix Group

by AIP Online Bureau | Aug 4, 2022 | International News, Life

Sun Life UK manages life and pension policies and annuity blocks for UK Clients. The company is closed to new sales and has been operating as a run-off business in the life and pension policies segment since 2001 Headquartered in London, Phoenix Group is the...

UK regulators approve a second Lloyd’s Protected Cell Company building on the success of London Bridge Risk

by AIP Online Bureau | Aug 4, 2022 | International News, Non-Life, Regulation, Reinsurance

Lloyd’s members and managing agents will be able to use the new vehicle to manage their capital and risk management requirements by attracting new sources of capital and reinsurance protection. London: Lloyd’s today announced that it has received regulatory approval...
Return to office highest in telecom, consulting sectors; IT lags: Survey

Return to office highest in telecom, consulting sectors; IT lags: Survey

by AIP Online Bureau | Aug 4, 2022 | Eco/Invest/Demography, Facts, Workplace/Employee Benefits

“The survey has made it clear that a distributed workspace strategy is the way to go for occupiers in this new era of experiential workplaces, as occupiers emerge from the after-effects of the pandemic. Flex spaces, in particular, are leading this growth, as...
Andhra Pradesh: CM takes note of Anakapelle gas leak, orders safety audit in all industries

Andhra Pradesh: CM takes note of Anakapelle gas leak, orders safety audit in all industries

by AIP Online Bureau | Aug 4, 2022 | Indian News, Non-Life, Risk Management

YS Jagan Mohan Reddy,,Chief Minister, Andhra Pradesh According to the Vishakhapatnam district officials, 53 people were admitted for treatment in a government hospital, while 41 others were undergoing treatment in other hospitals of the district Anakapalle (Andhra...
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