What is MNRB Group?
MNRB Holdings Berhad is a Malaysian investment holding company specializing in management services. The company is the parent company for Malaysian Reinsurance Berhad (Malaysian Re) and Takaful IKHLAS. Its reinsurance arm is among the region’s best reinsurers, writing general business lines domestically and internationally.
MNRB Holdings Berhad as The Top Reinsurers
MNRB is an investment holding company. The company’s subsidiaries offer a variety of insurance and reinsurance services. It provides reinsurance for fire, motor, engineering, and maritime, offering takaful commercial and general retail items. It also includes takaful plan, auto insurance, claims management, and underwriting services.
About Malaysian Re
Malaysia Re plays a significant role as the national reinsurer and leading takaful operator in contributing to economic stability in their markets. Over the years, they have undertaken many initiatives to contribute toward developing the industry and the community continuously.
About Takaful IKHLAS
Takaful IKHLAS entered the Takaful sector on 18 September 2002 as Takaful Ikhlas Sdn. Bhd. and then changed to Berhad status in 2014. They are primarily engaged in providing takaful plan financial protection services that adhere to Shariah principles and decisions and announced the conversion of its composite Takaful licenses into two organizations.
The Conclusion
Having resilient reinsurance and a retakaful sector is vital for a healthy economy. As a public-listed investment holding company, MNRB offers a wide range of products and services related to the insurance sector, including reinsurance, retakaful, retail takaful, and more. MNRB has fostered business partnerships with industry players across global markets.