Insurtech
Malaysians Can Now Donate Insurance Coverage to B40 via Touch ‘n Go eWallet
TNG Digital (TNGD), Allianz General Insurance Company, and Yayasan Prihatin Nasional (PRIHATIN) to empower the underinsured or uninsured individuals, largely the B40 communities, with insurance coverage through Dana Rahmah through crowdfunding. This will enable Malaysians to donate and provide a
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Touch ‘n Go eWallet Offers Affordable Health Insurance From RM10 With AIA
TNG Digital has launched Insure360, a comprehensive health insurance center, on its Touch ‘n Go eWallet. This new feature offers a range of critical illness and medical insurance products in collaboration with AIA Malaysia. Insure360 joins a suite of insurance
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Generali and UNDP Launch ‘Insurance Innovation Challenge Fund’ in Malaysia
Generali and the United Nations Development Programme (UNDP) have joined forces to introduce the “Insurance Innovation Challenge Fund” (IICF) in Malaysia. This initiative invites proposals from participants across the country, with a focus on inventive insurance solutions designed to enhance
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How Will BNM’s Digital Insurance License (DITO) Address Protection Gaps in Malaysia
In recent years, the insurance landscape in Malaysia has undergone a transformation driven by digital innovation, of which the introduction of Bank Negara Malaysia’s digital insurer and takaful operators (DITO) framework is expected to be a game changer. The emergence
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Tune Protect Offers Up to RM200 Insurance Payout for MYAirlines Travelers
Malaysian insurer Tune Protect will be compensating travelers affected by the recent unexpected halt of MYAirlines operations on 12 October (Thursday). Passengers who bought Tune Protect Travel Insurance for their cancelled MYAirlines flights will be eligible for a goodwill compensation,
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BNM Targets First Half of 2024 to Finalise DITO Framework
Bank Negara Malaysia (BNM) has concluded its consultation on the Exposure Draft concerning the Licensing and Regulatory Framework for Digital Insurers and Takaful Operators (DITO Framework) initiated in November 2022. The draft proposes a framework to support the introduction of
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Great Eastern Subsidiaries to Fully Acquire AmMetLife Insurance, Takaful Entities
Great Eastern Holdings Limited, through its subsidiaries, Great Eastern Life Assurance (Malaysia) Berhad and Great Eastern Takaful Berhad, has agreed to acquire all shares in AmMetLife Insurance Berhad and AmMetLife Takaful Berhad from AMAB Holdings Sdn Bhd. Once the acquisition
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Finology Closes Pre-Series A to Accelerate Embedded Finance Growth
Finology Group, a Malaysian fintech that enables embedded finance, announced that it has closed its pre-Series A funding round. Details of the fundraise was not disclosed. Led by Silverlake Group, the funding round was also joined by The Hive Southeast
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AIA Welcomes Former BNM Governor Shamsiah Yunus to Its Board
AIA Group has appointed Shamsiah Binti Mohd Yunus as an independent non-executive director, with effect from 21 September 2023. She will also be a member of AIA’s Nomination Committee. Shamsiah, aged 59, currently serves as the Chancellor of International Centre
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Touch ‘n Go Offers RM5/Month Insurance for Accidents at Parking Lots
Touch ‘n Go Group has rolled out a new personal accident insurance that costs RM5 per month called ParkInsure for those using the Touch ‘n Go card for payment at parking sites. ParkInsure provides coverage for a range of accidents
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