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Malaysian insurance and takaful sector remains resilient

Posted On: Sep. 19, 2019 6:50 AM CST

The central bank of Malaysia has said that the insurance and takaful sector continued to demonstrate resilience in the first half even under severe multi-year macroeconomic and financial shocks, Asia Insurance Review reported. Better investment performance bolstered operating profits of the general insurance and takaful sector. That was offset by several large claims from fires and explosions.

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