Tesla (TSLA) +2% Tesla shares bounced after a rough Monday, despite being down 36% in Q1 — the worst Q1 in company history. Investors are now eyeing its Q1 delivery report due Wednesday, with Street estimates hovering around 380,000 units . Analysts have been revising expectations lower amid backlash over Elon Musk’s role in Trump’s administration. Chinese EV Makers Up XPeng (XPEV) +1.6% : Delivered 33,205 vehicles in March — its fifth straight 30k+ month. NIO (NIO) +1.6% and Li Auto (LI) +1.4% also gained on strong March deliveries. Nvidia (NVDA) -0.6% Still under pressure after a 19.3% Q1 drop , its worst since 2022. Investor worries over AI spending, tech valuation, and trade tensions are weighing heavily. Johnson & Johnson (JNJ) -5% Fell after a Texas judge dismissed J&J’s third bankruptcy attempt to settle talc-related lawsuits via Chapter 11. PVH Corp (PVH) +18.9% Shares surged after Q4 earnings beat expectations ...
Key Takeaways:
Stronger Sector Outlook: Fitch Ratings expects Malaysia’s takaful sector to maintain strong growth in 2025, backed by regulatory reforms, digitalisation, rising public awareness, and macroeconomic stability.
Upcoming Regulatory Enhancements:
RBC2 Framework (effective Jan 2027) will align capital standards with global norms, including new catastrophe risk charges and revised reserve requirements.
Hajah and Darurah Policy (implemented Jan 2025) now clarifies when conventional reinsurance can be used in takaful, especially under fund-threatening scenarios.
Refined digital insurer entry rules (from Mar 2025) to ensure early-stage viability and drive innovation.
Medical Takaful in Focus:
Rising health claim costs due to medical inflation have prompted gradual repricing and the introduction of co-payment rules since Sept 2024 to manage affordability.
Profitability and Investment Returns:
Family takaful net income surged 60% in 1H24, aided by strong investment gains.
General takaful profits reached MYR73.1 million, with lower flood claims and stable returns supporting performance.
Contribution Growth:
General takaful recorded 10.5% YoY growth in 1H24, driven by strong motor segment performance.
Family takaful showed a marginal 0.1% increase in contributions but lost market share to conventional life insurance, which grew 18%.
Summary:
Malaysia’s takaful industry is on a solid recovery path, with new policies by Bank Negara Malaysia supporting long-term sustainability and innovation. While family takaful faces competitive pressure from conventional life insurers, robust investment returns, improved regulation, and steady demand in motor and health segments are expected to drive sector strength into 2025.
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