Federation of Malaysian Consumers Associations appeals to regulator to intervene in medical insurance repricing

The Federation of Malaysian Consumers Associations (FOMCA) has called for the government and Central Bank of Malaysia (BNM) to intervene to halt repricing of the medical insurance premium. FOMCA, a not-for-profit national non-governmental organisation, is the umbrella body for 13…

Can I Claim Insurance From Two Different Insurance Companies?

Matthew Okunade Can we claim insurance from two different companies? The short answer to this question is, “Yes.” While this is certainly not common, you might find yourself in a position where you can validly put out a claim to…

Business, Insurers Face Survival Showdowns Over Pandemic Coverage

August 18, 2020 by Emma Rumney and Noor Zainab Hussain PILANESBERG NATIONAL PARK, South Africa— Wynand du Toit’s safari camp in South Africa’s Pilanesberg National Park lies abandoned, its tents ripped open by baboons and its survival in the balance after…

GIC Re’s downgrade adds to Srivastava’s challenges

GIC Re continues to struggle with big underwriting losses and has yet to inspire confidence that its plans for a return to profitability are working. India’s only domestic reinsurer booked underwriting losses of Rs7.2 billion (US$96.2 million) during the past…

Trust Re to leave Labuan, Malaysia and to centralise its operations in Bahrain

Trust Re has announced its strategic plans to centralise all its activities at its head office in Bahrain. The company now looks to implement its restructured operational model which focuses on profitability, cost management and maximising its core strengths. As…

How our insurance regulator responds to covid-19

Part extracted from https://www.vantageasia.com/regional-insurance-regulators-covid-19/ In the wake of the covid-19 pandemic, insurance regulators across the Asia-Pacific have taken measures to provide relief to the insurance sector – both for insurance companies and their customers. Almost all jurisdictions have urged companies…