News Formal

NAICOM profiling companies with huge unsettled claims

  • 📰 MobilePunch
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

The Commissioner for Insurance, Mr Sunday Thomas, has said the National Insurance Commission is profiling companies with huge unsettled claims.

Thomas said, “The era of huge backlog of claims should no longer be associated with our companies.

The commissioner mentioned that operators in the industry must strengthen their human and financial capital for effective participation in big ticket risks. He said, “More businesses especially in the oil and gas and the aviation sectors are now been re insured abroad. “These are the areas where the industry can impose itself on the economy through the control of funds for national development.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

EndSARS Watch some of the crazy stuff politicians have done on camera 👉🏽 and also Subscribe to the YouTube channel for more interesting videos

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

NAICOM licenses 5 new insurance companiesThe National Insurance Commission (NAICOM) has licensed five new insurance companies to operate in the Nigerian Insurance market. The five new companies compris
Source: Daily Trust - 🏆 13. / 51 Read more »