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Launch of the Malaysian Insurance Institute Brand Refresh

· Abdul Rasheed Ghaffour, Governor of the Bank Negara Malaysia (Malaysia)

Summary written by Dark Majestic in its own words · topics: development and emerging economies

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· Abdul Rasheed Ghaffour · Bank Negara Malaysia WikiLaunch of the Malaysian Insurance Institute Brand Refresh

ContextKeynote address by Abdul Rasheed Ghaffour, Governor of the Central Bank of Malaysia (Bank Negara Malaysia), at the launch of the Malaysian Insurance Institute Brand Refresh, Kuala Lumpur, 18 September 2024.

Why it mattersMalaysia's governor calls for larger risk transfer to close insurance protection gaps.

Problems raised
  1. Emerging threats are hard to price.
  2. Protection gaps persist.
  3. Historical models fall short.
Solutions proposed
  1. Expand insurers' capacity.
  2. Develop large-scale risk transfer solutions.
  3. Strengthen financial safety nets.
Read full speech on bis.org ↗

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