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PolicyStreet Gets Approval From Labuan Regulator for Takaful Operations

PolicyStreet Gets Approval From Labuan Regulator for Takaful Operations

Malaysian insurtech company PolicyStreet has received the regulatory nod from the Labuan Financial Services Authority (LFSA) to begin its Takaful and Retakaful operations in the region. By securing the necessary approvals, PolicyStreet is now equipped to reinsure and underwrite Takaful products to address the growing market need for Syariah-compliant insurance solutions. The Malaysian Takaful industry…

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Great Eastern Subsidiaries to Fully Acquire AmMetLife Insurance, Takaful Entities

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 is finalised, Great Eastern Life Assurance will completely own AmMetLife Insurance while Great Eastern Takaful…

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Ouch! Rolls Out Digital Takaful Life Insurance

Ouch! Rolls Out Digital Takaful Life Insurance

Insurtech platform Ouch! has launched a digital takaful product Pusara Pro, a simple term life product offers death benefit of up to RM500,000 and an additional compassionate benefit of 10% of the total sum assured. According to Ouch!, the Pusara Pro plan is the company‚Äôs first in-house product. Customers can directly purchase as well as…

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5 Interesting New Details in BNM's New Digital Insurance & Takaful Draft Framework

5 Interesting New Details in BNM’s New Digital Insurance & Takaful Draft Framework

Pada hari Jumat, Bank Negara Malaysia (BNM) merilis draf paparannya untuk asuransi digital dan operator takaful (DITO) untuk umpan balik tertulis setelah penerbitan Makalah Diskusi pada bulan Januari tahun ini. Sebagai bagian dari proses permohonan perizinan, BNM akan meminta pemohon untuk menyerahkan rencana bisnis lima tahun yang komprehensif, yang mencakup, antara lain, langkah-langkah terencana untuk…

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Insurtech Startup Ouch! Raises Pre-Series A, Eyes Digital Takaful License

Insurtech Startup Ouch! Raises Pre-Series A, Eyes Digital Takaful License

Aduh!, platform asuransi yang mendukung teknologi telah mengumumkan putaran pra-seri A enam digit pelanggan penuh dan akan melanjutkan momentum ini dengan Aduh! Ini menggunakan alokasi berlebih untuk investor tambahan untuk bergabung. Ini mengikuti pendanaan awal RM 1,5 Juta yang diumumkan setahun yang lalu. Mengikuti investasi Aduh! saat ini sedang mencari persetujuan akhir dari Bank Negara…

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