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Topik: Business Times

Source: Business Times, 14th September 2009

Singapore life insurance giant Great Eastern Holdings Ltd is putting the final touches to its plans to start takaful operations in Malaysia, with the latest move being the hiring of a top executive to lead the unit.

Sources told Business Times that the insurer had roped in former Prudential BSN Takaful Bhd chief executive officer Mohamad Salihuddin Ahmad to head its future Islamic insurance operations.

The sources said that Salihuddin was hand-picked by Great Eastern Holdings group chief executive officer Ng Keng Hooi.

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Source: Business Times, 4th May 2009

Prudential BSN Takaful Bhd (PruBSN) recently launched its newest business centre at TTDI Jaya, Shah Alam, Selangor.

The centre is a convenient one-stop hub which will serve as a customer service centre and will also house regional agents who are given office and training room facilities that are provided on the upper floors.

With a strong presence of six PruBSN agencies in Shah Alam, the new business centre will act as the focal point that aims to support the growing business of this region, the company said in a statement.

“We always believe in providing full scale facilities and top notch customer service to all our valued certificate holders. In line with PruBSN’s growth strategy, we actively seek and identify new locations across the country to provide our services based on the development of the local business.

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Source: Business Times, 28th April 2009

Takaful Ikhlas Sdn Bhd will focus more on consolidation of its operations this year amid the economic slowdown.

Its president and chief executive Syed Moheeb Syed Kamarulzaman said the current financial year ending March 31 2010 will see the company striving for more efficiency in its operations.

He said such a plan is apt as the takaful business has not been spared the economic crisis, especially the general and motor takaful business.

However, unlike the conventional insurance sector, which some expect to see negative growth, the takaful industry could still achieve 10 to 20 per cent growth after years of experiencing 40 to 50 per cent growth.

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