Friday, March 2, 2012

PruBSN inks takaful deal with KFH

Source From (Business Times): http://www.btimes.com.my/Current_News/BTIMES/articles/MOU1/Article/

KUALA LUMPUR: Prudential BSN Takaful Bhd (PruBSN) is optimistic that its takaful market share will increase significantly following its partnership with Kuwait Finance House (Malaysia) Bhd (KFH Malaysia).

"We are confident that this partnership will strengthen our already strong franchise and enhance the experience of KFH Malaysia's customers," said its chief executive officer Azim Mithani after signing a memorandum of understanding with KFH Malaysia here yesterday.

As of third quarter 2011, the firm controlled a 27 per cent share of the takaful sector with RM158.9 million in annual contribution.

"We will work with KFH Malaysia to determine specific products to bring to its customers," he said, noting that the takaful house was planning to launch new products and services in the second and third quarters of this year.

Also present at the event were KFH Malaysia chief executive officer Datuk Jamelah Jamaluddin, KFH Malaysia head of retail and commercial banking Mohamed Iqbal Mohamed Iqbal and PruBSN chief partnership distribution officer Sharul Shahriman Azlan

Read more: PruBSN inks takaful deal with KFH http://www.btimes.com.my/Current_News/BTIMES/articles/MOU1/Article/#ixzz1nvqnLjxA

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