Malaysia National Insurance eyes offshore markets

Jul 30, 2004

Domestic investment constraints are squeezing the biggest Malaysian insurer.

Peter Ng Yee-ming, vice president of finance at Malaysia National Insurance, spoke with FinanceAsia about the constraints on domestic insurers' investment policy. The M$7 billion ($1.84 billion) MNI is the largest Malaysian-owned insurance company, with both general and life businesses. Its main shareholder is Pramodian Nasional (PNB), a social fund dedicated to Malays, and MNI's business caters primarily to middle- and lower-class bumiputra.

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