Takaful, insurance sector remains stable

RAM Rating Services Bhd has maintained a ‘Stable’ outlook on the insurance and takaful industry due to the impact of the second Movement Control Order (MCO 2.0) being offset by the industry’s rebound in the second half of 2020 (2H20).

RAM Ratings financial institution rating co-head Sophia Lee said the outbreak and MCO 2.0 have been detrimental to the performances of insurers and takaful operators last year.

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