Business Insurance

Login  |  Register Subscribe



cbVid =

Malaysia: Takaful companies advised to consider merging

August 22, 2014 - 6:00am


Takaful firms in Malaysia have been advised to consider merging soon due to potential limited growth prospects and strong competition, particularly with the approaching de-tariffication of fire and motor insurance in 2016.

The takaful sector is undergoing rapid regulatory development, The Malaysian Reserve reported. Several general takaful firms face "difficulty meeting the capital requirements," Ernst & Young Malaysia financial services assurance partner, Brandon Bruce Sta Maria, said.

Read more

 



Get our daily Global Focus newsletter
  •  



You may also want to visit

International Content