ETIQAEuropean Training Institute for Qualification of Auditors
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Etiqa CEO Kamaludin Ahmad was quoted by Malaysian business news outlet, the Malaysian Reserve, as saying Etiqa is looking forward to entering Cambodia as discussions with regulators have been very encouraging.
'We are excited to collaborate with Doctor Anywhere, as we believe that this benefit provides greater convenience to the household, while helping employers to save time and money', said Sue Chi Kong, Chief Executive Officer of Etiqa Insurance Pte.
It has assigned Etiqa Life Insurance Berhad (ELIB) and Etiqa General Takaful Berhad (EGTB) Insurer Financial Strength (IFS) ratings of 'A-' (Strong).
Etiqa has operations in Malaysia, Singapore, the Philippines and Indonesia, and is believed to be worth about USD1bn.
This complements Etiqa's existing ePROTECT travel policy coverage, which currently also include coverage for both in-flight and flight delays, customers will receive coverage across all airlines and flights.
For example, in the case of ETB, one the most profitable operators in Malaysia, this type of revenue contributed between 42 to 89 per cent of the total gross profit recorded by the company between 2007 and 2010 (Etiqa Insurance Berhad, 2008, 2010).
The global Family Takaful gross contributions in 2010 are estimated to be $1.7 billion, accounting for 20 per cent of the total global Takaful gross written premiums, remarked Shahril Azuar Jimin, the chief commercial officer of Etiqa Insurance and Takaful.
Sdn Bhd, MBA Insurance Company Sdn Bhd, ETIQA Insurance Bhd, National Insurance Company Bhd, Standard Insurance Sdn Bhd, TOKIO Marine Insurance Singapore Ltd, TM Asia Life Singapore Ltd, and Great Eastern Life Assurance Co.
Tackling core issues relevant to both takaful operators and takaful agents through a unique conference format, the second Annual World Takaful Conference: Family Takaful Summit - Malaysia (WTC FTS 2011), to be held in strategic partnership with Etiqa Takaful Berhad, is set to tap into the tremendous growth potential that the takaful industry and, in particular, what the family takaful segment has to offer in Malaysia.
The session, which featured Salama Group Vice Chairman and CEO Saleh Malaikah, Dubai Islamic Insurance and Reinsurance Company (AMAN) CEO and Managing Director Hussein Al-Meeza and Etiqa Takaful Berhad CEO Shahril Azuar Jimin, reassessed the growth prospects for the global Takaful industry and reviewed the growth opportunities in key Takaful product segments.
WTC 2011 will begin with a special inaugural address by Marwan Ahmad Lutfi, Deputy Chief Executive Officer and Head of Business Development of the Dubai International Financial Centre Authority and will be immediately followed by a high-profile keynote plenary session featuring Dr Saleh Malaikah, Vice-Chairman and Chief Executive Officer of the Salama Group; Hussein Al Meeza, Chief Executive Officer and Managing Director of the Dubai Islamic Insurance and Reinsurance Company and Shahril Azuar Jimin, Chief Executive Officer of Etiqa Takaful Berhad.
This is the third proposal in a couple of weeks submitted to the EISA following the one submitted by the Malaysian Etiqa Insurance and Takaful and the Kuwaiti-Egyptian consortium lead by the Kuwaiti Aref Group requesting to launch two companies, one to operate in the life insurance sector, while the other to operate in the property insurance sector.