ITOs still under pressure from surging medical claims
Domestic insurance and takaful operators (ITOs) can expect elevated medical claims to remain a near-term headwind, says BIMB Securities Research.
PIAM rolls out interim measures to manage towing service limitations
KUALA LUMPUR: The General Insurance Association of Malaysia (PIAM) has introduced interim measures to support motor policyholders following disruptions in towing services linked to rising operational costs and industry pressures.
Global energy recovery to take up to five years, PM says after talks with Emir of Qatar
PUTRAJAYA: Global energy supplies will take up to five years to fully recover from the destruction of the Middle East conflict even if the war ends tomorrow, warns Datuk Seri Anwar Ibrahim.
LIAM appoints Pauline Teoh as new president
KUALA LUMPUR: The Life Insurance Association of Malaysia (LIAM) has appointed Zurich Life Insurance Malaysia Bhd chief executive officer (CEO), Pauline Teoh, as its new president.
Insurance claims spike amid climate shocks
Profits at several listed non‑life insurance companies fell sharply in the fourth quarter of 2025 after a series of natural disasters pushed compensation costs higher.
Penang JPJ issues 2,724 summonses over 13-day Raya op
GEORGE TOWN: The Road Transport Department (JPJ) in Penang issued 2,724 summonses for various offences over the 13-day Ops Khas Hari Raya Aidilfitri 2026, which began on March 13.
Berjaya Sompo appoints Soo Wai Har as CEO
KUALA LUMPUR: Berjaya Sompo Insurance Bhd has appointed Soo Wai Har as its chief executive officer, effective April 1, 2026.
Promoting road safety for motorcyclists ahead of Hari Raya rush
WITH Hari Raya travel expected to increase this week, efforts are being stepped up to promote safer riding habits, particularly among motorcyclists heading back to their hometowns.
Who covers AI business blunders? Some insurers cautiously step up
As more businesses trust artificial intelligence "agents" to independently grow their revenues, some insurance firms are stepping in to cover any mistakes – while others are steering clear.
