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Etiqa is a digital insurance/takaful player in Malaysia with over 55% of market share in online premiums/contributions as of 2020. [1] It is also a bank assurance player in Malaysia , in Digital Life Insurance in Singapore , and a Group Medical insurer in the Philippines .
Takaful Malaysia was established on 29 November 1984 when the Government of Malaysia set up a task force to study the feasibility of establishing an Islamic insurance company in Malaysia. [ 2 ] The incorporation of Takaful Malaysia as the first takaful operator in the country was in the same year as the Takaful Act was enacted.
FWD Group also purchased HSBC’s stake in a Malaysian insurance joint venture in 2018, [19] acquiring 49% of HSBC Amanah Takaful (Malaysia), [16] now renamed FWD Takaful (Malaysia). [ 21 ] In June 2019, FWD Group purchased MetLife 's business in Hong Kong [ 7 ] [ 14 ] reportedly for around $400 million. [ 10 ]
For six successive years since 2011, PruBSN has been the Number 1 Family Takaful Operator and in 2016, our company achieved New Business Production of RM446 million with a 32.5% market share as confirmed by the industry rating agency, Insurance Services Malaysia. [3] In 2015, it won various awards including 'Best Takaful Institution' by The ...
AIA PUBLIC distributes family takaful products via AIA Malaysia's 17,000 insurance agents (known as life planners) (as of 2015) and Public Bank's over 250 branches in Malaysia. [ 5 ] The company made its first surplus distribution in 2014.
As part of the deal, AmMetLife has an exclusive 20-year agreement to sell insurance and takaful products through AmBank and AmIslamic Bank. [ 2 ] As of March 2015, AmMetLife had an agency force of 1,100 and had the 10th highest market share among 14 life insurers in Malaysia.
Pages in category "Takaful companies of Malaysia" The following 6 pages are in this category, out of 6 total. ... Contact Wikipedia; Code of Conduct; Developers;
As of 2013 the leading takaful countries are "Malaysia and the Gulf states". [34] It was reported in 2016 that out of total 308 takaful companies, 93 are takaful windows; however, these takaful windows own only 2.5% of the total takaful assets. [38]