by AIP Online Bureau | Mar 4, 2024 | International News, Non-Life, Reinsurance, Risk Management, Technology
MH370 vanished on March 8, 2014, on its way to Beijing from Kuala Lumpur with 239 people on board. Investigators concluded the plane deliberately left its planned flightpath, looped back over Malaysia and headed out to sea Malaysian authorities are considering...
by AIP Online Bureau | May 3, 2023 | International News, Non-Life, Reinsurance, Risk Management
A vast shadow fleet of aging tankers has been enlisted to carry sanctioned oil across the globe, raising questions about safety and insurance standards Three crew members are missing from a Gabon-registered tanker that caught fire on Monday in the South China Sea, a...
by AIP Online Bureau | Aug 8, 2022 | Eco/Invest/Demography, International News, Non-Life, Policy
The Agro-Food Takaful Insurance Scheme will be launched through the Ministry of Agriculture and Food Industries and will initially be offered to the nation’s 189,500 rice farmers, Prime Minister Ismail Sabri Yaakob said. The insurance cover will be expanded in stages...
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...
by AIP Online Bureau | Jul 18, 2022 | Eco/Invest/Demography, International News, Life, Non-Life, Policy, Regulation
AIA Group Ltd., Prudential Plc, Tokio Marine Holdings Inc. and Zurich Insurance Group AG are among the international insurers with ventures in the Southeast Asian nation Overseas insurance companies were allowed to hold a maximum 70% in local firms, but it was mostly...
