Archive for the ‘Insurance/Takaful/Banking Industry’ Category
Winning recipe in tough times
By DALJIT DHESI- The Star Malaysia
PETALING JAYA: Selling insurance based on the needs and the ability of a person to pay is key to determining the successful sale of a policy amid the gloomy economic outlook.
Hong Leong Assurance Bhd (HLA) top agent for 2007/2008 Winnie Tay, who has been in the industry for more than [...]
Double-digit premium growth for Prudential
By DALJIT DHESI-The Star Malaysia
It cites transformation strategies for the jump in third quarter
PETALING JAYA: Prudential Assurance Malaysia Bhd (Prudential Malaysia) has attributed its double-digit growth in new business premiums in the third quarter to the success of its “transformation” strategies.
The insurer registered a 33% growth in new business premiums to RM181mil for the third [...]
Inside Bill Lisle- The CEO of Prudential Assurance Malaysia Berhad
This article is taking form BizWeek-The Star by LUM YI HWA
From football pro in training to the CEO of Prudential Assurance Malaysia Bhd, Bill Lisle tells us why it was cool to clean football boots and why insurance agents are the most rejected lot.
LOOKING at Bill Lisle in his suit, it is pretty hard [...]
Prudential launches PRUretirement accumulator
A regular premium-paying plan that provides you with guaranteed monthly income upon retirement. It also comes with a capital protection feature and offers you the potential of higher returns at the same time.
Benefits
Guaranteed monthly income
PRUretirement accumulator provides you with a guaranteed monthly payout to help you live your dream lifestyle when you take your [...]
Not affected by financial turmoil; PAMB Q3 sales up by 33%
Prudential Assurance Malaysia Berhad (PAMB), a subsidiary of UK-based Prudential plc, continued to perform strongly amid a difficult and volatile market condition, posting a 33% growth in its new business sales for the third quarter of 2008 compared to the same period in 2007.
The insurer’s new business annual premium equivalent (NBAPE), which included
Takaful sales, stood [...]
Prudential expects to weather crisis
KUALA LUMPUR: Prudential Assurance Malaysia Bhd is not affected by the slowdown in the global insurance market due to its strong business fundamentals.
Chief executive officer Bill Lisle said the firm had implemented good corporate governance such as undertaking risk management and was confident of weathering the global crisis.
“We are in very good shape. We registered [...]
Yamato Life is first Japanese firm to collapse as a result of financial meltdown
TOKYO (AP) - A medium-sized Japanese insurance company went bankrupt Friday, becoming the first Japanese financial company to collapse on the fallout from the global credit crisis.
“We are deeply sorry and offer apologies from the bottom of our hearts,” Yamato Life Insurance Co. President Takeo Nakazono said, bowing deeply on nationally televised news.
Most Japanese banking [...]
Malaysia poised to be global Islamic capital market centre
KUALA LUMPUR: Malaysia can become the centre for the global Islamic capital market due to its favourable regulatory environment, says Prudential Corp Asia funds management chief executive Arne Lindman.
“The support from the Securities Commission (SC), for example, has helped Malaysia become the leader in Islamic bond issues or sukuk. The country issues more than 69% [...]
Great Eastern’s recipe for success
Customer-centric approach helps drive insurer’s growth
KUALA LUMPUR: Great Eastern Life Assurance (M) Bhd, which turns 100 Tuesday, attributes its successful trail and continuous growth to its customer-centric approach, agency and staff development, strong financial standing and reputable brand name.
Chief executive officer Koh Yaw Hui said it had always been the philosophy of the company - [...]
MNRB takaful business to drive future growth
KUALA LUMPUR: MNRB Holdings Bhd, which has 60% market share of the local reinsurance business, expects its takaful and retakaful businesses to drive revenue growth in the coming years.
Chairman Sharkawi Alis said for the financial year ended March 31 (FY08), wholly owned unit Takaful Ikhlas Sdn Bhd’s gross contribution improved significantly to RM427.5mil from RM223.9mil [...]
