Three insurance associations have entered into an agreement to form the Joint Insurance-Takaful Council (JITC), marking another milestone for the development of the insurance and takaful sectors in Malaysia.
The Persatuan Insurans Am Malaysia (PIAM), the Life Insurance Association of Malaysia (LIAM) and Malaysian Takaful Association (MTA) in a joint statement today said it is in line with the objective to further liberalise and create harmonisation of the financial services sector, the JITC would foster a higher level of self-regulation of the industry……………………………………….Full Article: Source