Wednesday, November 20, 2024 (10:00 AM - 11:00 AM) GMT+8
Post Budget 2025 Announcement Session: Insurance Industry Outlook
TOPICS OUTLINE:
1. Overview of Budget 2025: Key Highlights
Provide an introduction to the most significant fiscal changes, including any new government priorities, policy shifts, or reforms.
Highlight how these changes will impact the overall economy and, specifically, the insurance sector in Malaysia.
2. Taxation Updates Affecting Insurance Companies and Products
Cover new tax provisions or reforms that could impact insurance products, corporate tax structures, or tax incentives related to insurance premiums.
Discuss changes in tax reliefs for policyholders or how these adjustments affect insurance companies' financial planning.
3. Government Initiatives: Digital Transformation and Sustainability
Focus on how the budget is supporting digital innovation and ESG (Environmental, Social, Governance) in financial services, particularly insurance.
Discuss government initiatives that push for technology adoption (AI, digital insurance platforms) and how insurers must adapt.
4. Healthcare and Social Security Reform
Explore changes in government healthcare funding and social security reform announced in the budget and their implications for life and health insurance.
Discuss opportunities for insurers to align their products with government healthcare reforms.
5. Impact on Investment Strategies and Risk Management for Insurance Companies
Discuss the budget's influence on investment markets, inflation expectations, and risk management strategies for insurers.
Explain how changing economic conditions may affect insurers' portfolios and reserve strategies.