Topik: Bank Negara Malaysia, Takaful am, The Star on Apr 21st, 2010 Comments Off
Source: The Star, 21st April 2010
The Government and insurance industry players will jointly set up a new company (newco) to solely undertake the proposed third-party bodily injury and death insurance scheme (TPBID).
Bank Negara financial sector development department director Abdul Rasheed Ghafur said the Finance Ministry would hold a majority stake in the newco and it would be mandatory for motor players to participate in its operations.
There are currently some 30-plus insurers, including takaful players, offering motor insurance in the country.
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Topik: MAA Takaful, Takaful Malaysia, The Star on Mar 8th, 2010 Comments Off
Source: The Star, 8th March 2010
An acute shortage of talent in the local takaful market, coupled with two new takaful licences to be issued this year in line with the financial sector liberalisation, are expected to put a dampener on the Government’s move to turn Malaysia into an international Islamic financial hub.
An industry observer, who declined to be named, told StarBiz that for the two takaful start-ups to run efficiently, they would need around 100 to 200 people in the first two years of operations.
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Topik: Takaful Ikhlas, The Star on Mar 2nd, 2010 Comments Off
Source: The Star, 2nd March 2010
Takaful Ikhlas Sdn Bhd, the Islamic insurance arm of MNRB Holdings Bhd, is unfazed by new competition from potential takaful players that wish to enter the industry.
“For us, competition drives us or brings innovation,” president and chief executive officer Syed Moheeb Syed Kamarulzaman said after the launch of its corporate head office in Bangsar South yesterday.
Syed Moheeb was speaking in response to the Government’s financial sector liberalisation plan that was announced last year, which included the issuance of licences for seven banking and two takaful players from 2009 until 2011.
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