Month: August 2022

MNRB Holdings Berhad in A Glance

MNRB Holdings Berhad is a Malaysian investment holding company focused on asset management. Malaysian Reinsurance Berhad (Malaysian Re) and Takaful IKHLAS are the corporation’s subsidiaries. Its reinsurance division is one of the region’s most substantial, writing local, takaful solutions and foreign general business lines.

MNRB Holdings Berhad Stands Out Among Its Competitors

Malaysian National Reinsurance Berhad was rebranded to MNRB Holdings Berhad as an investment holding company and is now listed on Bursa Malaysia. It comprises prominent wholesale reinsurance and retakaful suppliers and two Takaful operators. Its reinsurance business is among the region’s best reinsurers nationally and internationally.

Malaysia Re Contributes Towards The Development Of The Nation

Malaysia Re plays a significant role as the national reinsurer and leading takaful operator contributing to economic stability in their markets. Over the years, they have undertaken many initiatives to continuously contribute toward developing the industry and the community.

What is Takaful IKHLAS?

Takaful IKHLAS was established in 2002 and is principally involved in providing financial protection services. It offers a comprehensive range of family and general takaful products. Its distribution channels consist of highly knowledgeable and well-trained agents, brokers, financial institutions, motor franchise holders and cooperatives.

The Conclusion

The MNRB Group comprises leading wholesale providers of reinsurance and retakaful and two takaful solution operators, offering companies a wide range of business solutions ranging from reinsurance to retail takaful. Throughout the years, MNRB has evolved to be a listed public investment holding company that has expanded its business internationally.

As one of the world’s leading sports brands, PUMA has made history as a creator of product designs for outstanding athletes, mens basketball shoes and sports teams — football, running and training, golf, basketball and motorsports. PUMA’s headquarters is in Herzogenaurach, Germany, with more than 14,000 employees in more than 120 countries.

PUMA’s Story

In Germany, PUMA was founded in 1919 as the “Gebrüder Dassler Schuhfabrik” (Dassler Brothers Shoe Factory). The brand pivoted its international breakthrough during Amsterdam’s 1928 Olympic Summer Games, where most German athletes wear Dassler spikes. In 1948 “PUMA” was officially registered at the German Patent and Trademark Office.

PUMA Sports

Today, the playing field is more diverse than ever. Be it on the running tracks, golf courses or the football field. PUMA supplies athletes with the right equipment to perform, from golf clubs to running shoes. Even when not doing sports, PUMA sports apparel is a versatile wear that you can style in various ways.

PUMA’s Sustainability Efforts

PUMA views sustainability in the same way they consider sports — it’s about figuring out and improving weaknesses to reach common goals. PUMA strives to create change through fashion and sportswear by improving social and environmental areas where they have the most significant impact, including Plastic & Oceans, Circularity, Biodiversity and more.

Better Innovations with PUMA

PUMA strives to be at the forefront of innovation to meet our athletes’ needs, with adaptive Dynamics as one of the principles that guide PUMA Innovation. This principle is creating products that adapt to human body movement and the environment based on thermoregulation, activity or fit, which led to the creation of PUMA’s self-lacing Fit Intelligence Training Shoe.

PUMA Supports Gender Equality

Racial and social imbalances have led to skewed criminal justice systems — this is why PUMA supports organisations like REFORM Alliance and the ACLU to advocate for reforms to a broken system. PUMA mens basketball shoes take a firm stance against societal injustice, discrimination and inequality and aim to support good causes for a better society.

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How CAB Started out

The Central Administration Bureau (CAB) offers centralized web-centred systems to increase facultative reinsurance and coinsurance performance. Maintained by the Malaysian Reinsurance Berhad, CAB resolves reconciliation issues and simplifies rehabilitation boasts and stability payout for associates. Its place of work is found in Damansara Altitudes. It celebrated its 25th wedding in 2020.

CAB’s Board, Group and Stakeholders

The CAB Table works jointly with a Chairman, a lasting member from Malaysia Re, a PIAM consultant and four supervisory table people. Its internal operations are underneath the treatments for a Secretary (Bureau Manager) when an Operation Head directs the Secretary’s Financing plus its Device document. CAB’s buyer profile comprises 70 neighbourhood and overseas insurance policy market stakeholders.

CAB’s Services and products

Monthly insurance coverage reconciliation payments usually require a whole day of the procedure. CAB gives centralized web-dependent techniques, such as the CABFAB and CABCO, which people jointly fund. The networks aid on-time settlements and reduce reconciliation difficulties to make statements recovery more efficient for facultative reinsurance and coinsurance companies.

Understanding Reinsurance

CAB’s web-based Facultative Reinsurance System includes four modules: the offer you unit, underwriting module, declare module and revealing unit. It is Asia’s first electronic digital platform for that facultative reinsurance business’s supervision and payout. A primary insurance company acquire insurance to defend their business from a single or perhaps a prevent of risks.

The CABCO Process

Coinsurance is a type of insurance offered by various insurance providers for an individual end-user or thing. Modelling the CABFAC system’s success, members of Persatuan Insurans Am Malaysia (PIAM) produced the digital CAB Coinsurance Method (CABCO) for effective claim settlements and dealings. The CABCO method features an assert module, confirming unit and underwriting module.

Be a Participant, Improve your Enterprise

Gain an organization advantages with CAB’s efficient electronic digital ecosystem. The standard processes and clear rules help assist in more reachable resolution for facultative reinsurance and coinsurance functions. A 1-off joining cost of MYR41,465 and a once-a-year fee of MYR 7,195 is necessary for insurance policy and takaful operators, although broker agents pay an MYR1,500 annual fee plus an MYR50 fee every month.

CAB’s Associates and Stakeholders

CAB’s participant portfolio contains insurance firms & reinsurers, takaful & retakaful operators, agents and offshore reinsurers & broker agents, with renowned board members like Allianz Common Insurance policy, AIG Malaysia and Takaful Ikhlas. Make an application for a membership right now to take advantage of a web-structured process that elevates the surgical procedures of facultative reinsurance & coinsurance coverage.

Be described as a CAB Member

In the past 25 years, Central Administration Bureau has provided its associates with electronic website-structured methods to improve effectiveness in reinsurance and retakaful purchases, a solution for significant troubles confronted by the industry— labour-rigorous and time-ingesting facultative management. CAB is on the mission to foster confidence in the facultative reinsurance and coinsurance business through digitized providers.