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Topik: The Star

Kurnia seeks takaful licence

Source: The Star, 17th June 2010

Kurnia Asia Bhd has applied for a takaful licence and is awaiting the response from Bank Negara, said director of corporate planning/investor relations Dr James Tee.

Group chief financial officer and director Looi Kok Leong said the company had submitted the application last year.

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Source: The Star, 31st May 2010

Promoting takaful via agency is fast gaining prominence with more players now investing significantly to beef up their agency channel and grab a larger slice of the competitive takaful market.

This mode of distribution, according to an industry player, had become more significant in view of the “Takaful For All” approach adopted by newer takaful entrants whereby takaful could be sold or promoted by anyone regardless of faith and religious beliefs.

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Source: The Star, 24th April 2010

Takaful players of late, have been aggressively scouting for non-bumiputra agents to strengthen their grip in the lucrative Islamic insurance market.

With more existing players looking to enhance their takaful footprint coupled with potential new entries joining the fray, the demand for these agents according to industry observers was expected to surge over the coming years.

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