Business Insurance

Login  |  Register Subscribe


cbVid =

Fitch: Malaysian insurance sector likely to consolidate further

December 10, 2013 - 6:00am


Fitch Ratings Inc. said Malaysia's general insurance sector and takaful sector are likely to see more consolidations because of the enactment of new insurance regulations and a takaful capital regime, The Star reported.

Under the new rules, composite insurers have to separate their life and nonlife businesses. A risk-based capital regime has been introduced for the takaful sector. Fitch said "composite insurers and takaful operators are likely to dispose of parts of their insurance operations."

Read more

 



You may also want to visit

International Content