BestWeek Asia/Pacific: Malaysia Looks to Risk-Based Capital Model for Takaful

HONG KONG--(BUSINESS WIRE)--Malaysia is looking to become a dominant market for takaful, or Islam-compliant insurance, and is taking the necessary regulatory steps to do that, according to an article in the current edition of BestWeek Asia-Pacific. The country’s financial services regulator is considering a risk-based capital approach to takaful supervision as one step toward turning Malaysia into a state-of-the-art market for the business.

Also in BestWeek Asia-Pacific, Swiss Re comments on the efforts of China’s insurers to establish international risk management principles as the country’s insurance market continues to grow.

The 22 November edition is available at www.bestweek.com/asia and www.bestweek.com.

Other features of this issue include a video on the performance of global insurance stocks, and a Best’s Underwriting Guide Snapshot on Christmas tree farms.

BestWeek is published by A.M. Best Co. for insurance professionals. To subscribe, visit www.ambest.com/sales/BestWeek.

Founded in 1899, A.M. Best Co. is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

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