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Insurance companies and reinsurance institutions make up the insurance industry that plays a crucial role in maintaining the financial stability of Malaysia and its people. Having insurance is a form of social and economic security that many are able to enjoy today thanks to the variety of insurance products offered on the market. Unfortunately, a…

In getting ready for digitalisation, the most effective strategy is to digitise the current value chain. As technology continues to advance at an astounding rate, and globalisation is about to be redefined in a way more than just traditional economic metrics, reinsurance also plays a vital role in helping insurance companies maintain their financial stability,…

COVID-19 has affected many lives in terms of health and finance, especially in the first quarter of the pandemic. Subsequently, lockdowns were announced because of the growing numbers of COVID-19 cases. This article will discuss the economic losses in the domestic and insurance market, and how reinsurance companies have helped insurers to maintain their stability…

Getting a scholarship is not only a prestigious recognition for students but also provides financial support and many other benefits. Are you a student who passed their examinations with flying colours and is actively involved in extracurricular activities? MNRB offers scholarships to SPM leavers, Pre-U and degree students with excellent results and are interested in…

If you are an investor looking to diversify your portfolio, you may encounter ‘investment holding companies’ on the market— what exactly are they? Whether you are a beginner investor looking for an investment platform or an experienced investor looking to diversify your portfolio, you may encounter something known as an investment holding company. By legal…

Reinsurance companies in Malaysia equip clients with financial security against catastrophic events. Here are some common reinsurance products available in the market. What Are the Reinsurance Products Available on The Market? What can businesses, governments and communities do to navigate the economic and business landscape that is increasingly filled with uncertainties? Reinsurance companies in Malaysia…

Did you know that insurance companies also require reinsurance to avoid Financial uncertainty during emergencies? Get a quick overview of the industry here. What is reinsurance and why do companies need it? Just like how individuals need insurance to protect themselves from financial insecurity in the face of unforeseen emergencies, insurance companies need insurance too….

WHAT IS RETAKAFUL? In essence, retakaful operates similarly to reinsurance as a risk management mechanism, but the latter operates based on Shariah (Islamic law) principles. In the secondary insurance market, reinsurance is carried out by insurers transferring portions of their risk portfolios to other parties through a contract. Floods and earthquakes are examples of large-scale…

It is the responsibility of parents to teach their children about money. Financial literacy, like any other talent, is a life skill. For some reason, the underlying workings of money and financial literacy are disregarded. As a result, many parents refuse to discuss financial matters with their children and do not specify ways on planning…

Successful women acknowledge it is not always about how much money you make, but how much money you spend. Including shopping for groceries, subscribing to streaming services, or purchasing a vehicle, being frugal with your money can help you keep more money in the account. Let’s look at the 5 Money Habits of Successful Women:…