Financial market overhaul unveiled
Vietnam aims to expand its bond market to the equivalent of around 60% of gross domestic product (GDP) by 2045 and position the capital market as a key source of medium and long-term financing for the economy, under a recently approved sweeping financial market reform plan.
Another shot at safer roads
WILL risk-based motor insurance finally make Malaysian roads safer – or is it just another well-intentioned idea like the Kejara demerit points system?
Bank Negara plans to set up governance framework to keep MediAsas sustainable and affordable
KUALA LUMPUR: Bank Negara Malaysia (BNM) plans to set up a governance framework to ensure that MediAsas, Malaysia's base medical and health insurance and takaful (MHIT) product, remains affordable and sustainable over the long term amid rising healthcare costs.
Critical safety net
The Social Security Organisation's (Socso or Perkeso) Employment Injury Scheme for Non-Work Accidents, or Lindung 24 Jam, is sparking debate among Malaysian workers over whether they should remain in the scheme and whether private insurance is still necessary.
HSBC sells Singapore insurance business to Germany's Allianz in US$2.09bil deal
HSBC said on Friday it will sell its Singapore life and health insurance business to Germany's Allianz, in a deal valuing the unit at S$2.7 billion ($2.09 billion).
LINDUNG 24 JAM: A DEDUCTION TODAY, A LIFELINE TOMORROW
THE East Coast Expressway became a scene of tragedy once again, with motorcycle debris strewn across the carriageway and bodies lying where they had fallen.
Insurers cannot arbitrarily raise e-hailing premiums without data, says Finance Ministry
KUALA LUMPUR: Insurers and takaful operators cannot arbitrarily raise premiums for e-hailing vehicles without clear evidence from claims data, according to the Finance Ministry.
Financial groups reignite race for insurance deals
South Korea's insurance merger and acquisition market is showing signs of life after years of stalled deals, as major financial groups seek to expand beyond their core businesses.
RAM Ratings maintains stable outlook on Malaysia's insurance, takaful sector
KUALA LUMPUR: RAM Ratings Services Bhd has maintained a stable outlook on Malaysia's insurance and takaful sector, supported by strong capital buffers that continue to cushion market volatility and earnings pressure.
Finance Ministry unveils 'MediAsas' health insurance, pilot to begin end of July
PETALING JAYA: The new base medical and health insurance/takaful (MHIT) plan will be known as MediAsas, the Finance Ministry said.
