Malaysia to ease insurance foreign investment
Saturday, 10 20 2018, Category: Insurance and Reinsurance, Country: Asia
Malaysia is looking to review its foreign ownership regulations for insurers, with the new government looking to repeal several controversial economic policies.
A report by the Financial Times, which cited three sources knowledgeable on the matter, said that Bank Negara Malaysia, the country’s central bank, is now willing to negotiate with insurers. There is also a possibility that foreign insurers may be allowed to retain their holdings in full.
Source: Insurance Business