
This article is taken from the edgeweekly, thought was interesting thinking about what’s going to happen to our industry in the next couple of years…. Fukoku Mutual Life Insurance would make a good example. KUALA LUMPUR: Some 18,000 people who…
Malaysia October 9 2017 Bank Negara Malaysia (i.e. the Central Bank of Malaysia) (BNM) had on 28 September 2017, issued an exposure draft of the Outsourcing Guidelines (Exposure Draft) to obtain public and industry feedback on the proposed regulatory requirements.…
Berkshire is far more conservative in avoiding risk than most large insurers. For example, if the insurance industry should experience a $250 billion loss from some mega-catastrophe – a loss about triple anything it has ever experienced – Berkshire as a whole would likely record a significant profit for the year because of its many streams of earnings. We would also remain awash in cash and be looking for large opportunities to write business in an insurance market that might well be in disarray. Meanwhile, other major insurers and reinsurers would be swimming in red ink, if not facing insolvency.
After being one of the top performers in ASEAN in 2014, cost of insuring Malaysian sovereign debt has risen the most this year compared benchmarked to its ASEAN peers as state investor 1MDB’s financing woes grew and concerns deepened about the prospects for the net oil exporter’s petroleum revenues.