Mr. Hassan B. Kamil

• 
  www.alhudacibe.com/newsletter/15-30sep/takaful_1.html - [Cached Version]
  Published on: 11/14/2007    Last Visited: 11/14/2007  

  "The system has twice won the Asia Insurance Industry awards and was chosen by Takaful Malaysia partly due to its well known, proven capabilities to support demanding Takaful operations and rapid business growth," Takaful Malaysia's group managing director, Hassan Kamil said. He said the system's flexible design coupled with use of built-in sophisticated software tools would enable Takaful Malaysia to develop and launch new insurance products faster, considerably reducing time to market. "Web-based interfaces are designed to extend benefits of mobile and internet computing to Takaful Malaysia's customers, agents and brokers so that they can transact business remotely, on line," he added.
  
  Hassan said with the new system, Takaful Malaysia would be able to provide seamless integration across all functional areas with a full array of management reports to ensure close monitoring of the business activities.The project will be carried out in three phases, with target completion by June of next year.

• 
  www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.art - [Cached Version]
  Published on: 4/4/2007    Last Visited: 4/5/2007  

  Syarikat Takaful Malaysia Bhd has appointed its parent company BIMB Holdings Bhd's executive director Hassan Kamil as group managing director with effect from April 1.
  
  Hassan is responsible for the overall management of Takaful Malaysia and its major subsidiaries, including Asean Retakaful International (L) Ltd and PT Syarikat Takaful Indonesia.
  
  In a statement, Takaful Malaysia said Hassan had experience in actuarial, finance, investment and marketing, with several previous postings in the United States, Hong Kong and Indonesia.
  
  "With this appointment, Hassan will be the first qualified actuary to head a Takaful operator," it said.
  
  Prior to this, Hassan was BIMB's executive director and a non-independent, non-executive director of Takaful Malaysia.
  
  He worked in the United States as an actuary from 1987 to 1994 before returning to Malaysia as deputy general manager at Malaysia National Insurance.
  
  In 1996, he joined ING Insurance Bhd, previously known as Aetna Universal Insurance, as senior vice president and chief actuary.In 2004, he became the deputy general manager for PT AIA Indonesia.
  
  Hassan said: "The Islamic insurance market is in a state of evolution, particularly in light of potential growth within the Islamic financial market."
  
  "I hope to apply actuarial skills and techniques to syariah principles especially in the areas of risk management and product design.This will enhance participants' returns, and profits will be fairly shared based on risk profiles," he said.

• 
  www.dailyexpress.com.my/news.cfm?NewsID=48839 - [Cached Version]
  Published on: 4/5/2007    Last Visited: 4/5/2007  

  Kuala Lumpur: Syarikat Takaful Malaysia Bhd has appointed Hassan Kamil as group managing director, effective April 1, 2007.
  
  In the post, he is responsible for the overall management of Takaful Malaysia and its subsidiaries which include Asean Retakaful International (L) Ltd and P.T. Syarikat Takaful Indonesia, the company said in a statement Wednesday.
  
  Prior to this, Hassan was executive director of BIMB Holdings Bhd, the parent company of Takaful Malaysia.
  
  With the new appointment, he will be the first qualified actuary to head a takaful operator, Takaful Malaysia said. - - Bernama

• 
  www.btimes.com.my/Current_News/BT/Tuesday/Nation/200710 - [Cached Version]
  Published on: 10/2/2007    Last Visited: 10/2/2007  

  "The system's flexible design, coupled with the use of built-in sophisticated software tools, will enable Takaful Malaysia to develop and launch new insurance products faster, considerably reducing time-to-market," Takaful Malaysia group managing director Hassan Kamil said in a statement.
  
  The project will be carried out in three phases, with completion targeted in June next year.
  
  Hassan said the Web-based interfaces are designed to extend the benefits of mobile and Internet computing to Takaful Malaysia's customers, agents and brokers for online transactions.

• 
  www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.art - [Cached Version]
  Published on: 6/9/2007    Last Visited: 9/6/2007  

  "The system has twice won the Asia Insurance Industry awards and was chosen by Takaful Malaysia partly due to its well known, proven capabilities to support demanding Takaful operations and rapid business growth," Takaful Malaysia's group managing director, Hassan Kamil said.
  
  He said the system's flexible design coupled with use of built-in sophisticated software tools would enable Takaful Malaysia to develop and launch new insurance products faster, considerably reducing time to market.
  
  "Web-based interfaces are designed to extend benefits of mobile and internet computing to Takaful Malaysia's customers, agents and brokers so that they can transact business remotely, on line," he added.
  
  Hassan said with the new system, Takaful Malaysia would be able to provide seamless integration across all functional areas with a full array of management reports to ensure close monitoring of the business activities.The project will be carried out in three phases, with target completion by June of next year.

• 
  www.btimes.com.my/Current_News/BT/Monday/Nation/BT61613 - [Cached Version]
  Published on: 4/2/2007    Last Visited: 4/2/2007  

  Hassan Kamil was the executive director of BIMB Holdings and a non-independent and non-executive director of Syarikat Takaful Malaysia
  ...
  SYARIKAT Takaful Malaysia Bhd has appointed Hassan Kamil as its group managing director, effective yesterday.Prior to the appointment, Hassan was the executive director of BIMB Holdings Bhd and a non-independent and non-executive director of Syarikat Takaful Malaysia.
  
  As the group managing director, Hassan will be responsible for the overall management of Syarikat Takaful Malaysia and its major subsidiaries.
  
  He worked in the US as an actuary from 1987 to 1994 before returning to Malaysia as Malaysia National Insurance's deputy general manager.In 1996, he became ING Insurance Bhd (then known as Aetna Universal Insurance)'s senior vice president and chief actuary.

• 
  www.takaful-malaysia.com/V5/index.php?option=com_conten - [Cached Version]
  Published on: 12/15/2007    Last Visited: 5/24/2009  

  Going forward, we will introduce a hybrid mudharabah-wakalah concept," Syarikat Takaful Malaysia Bhd (Takaful Malaysia) group managing director Hassan Kamil told The Edge Financial Daily in a recent interview.
  
  "With my actuarial expertise and team of actuaries, we will be able to design and structure new products that are more customer-oriented and serve more niche customers," he said, adding that the company was slated to release its first hybrid product in November.
  
  On why Takaful Malaysia was adopting this strategy after several years of offering only mudharabah-based products, Hassan said that while mudharabah was still a good model, the market was getting more competitive, 'so in order for us to continue to grow we have to explore other models.'
  
  He added that the company would continue to retain some of its mudharabah products.
  ...
  "We hope that the new system and processes will help us regain the position as the No 1 takaful operator in Malaysia," Hassan said.
  
  Takaful Malaysia used to hold a monopoly position in the industry, but has seen its market share dwindle since other more aggressive players entered the scene.
  
  On how Takaful Malaysia planned to grab a sizeable chunk of market share, Hassan said that the company was stepping up product innovation and enhancing its service capabilities. "There are people willing to play slightly more for better products, so we are beefing up our service capabilities and the way we interact with customers."
  
  While most of the company's existing customers comprise low-to middle-income earners, Hassan said that Takaful Malaysia was now targeting more middle- to upper-class and business customers. "We are looking to sell more investment-oriented products as opposed to protection," he said.
  
  Currently, investment products comprise less than 10% of the company's product mix. According to Hassan, Takaful Malaysia has two structured funds in the pipeline, jointly developed with investment banks in Singapore and Hong Kong respectively.
  
  One of these funds will be ringgit-based, while the other will be a US-dollar currency fund aimed at Middle Eastern investors. "We hope to sell the US dollar currency fund to Middle Eastern investors through our Middle East bank partners here. We plan to start a roadshow to visit partners after Raya," Hassan said, adding that Takaful Malaysia was not eyeing other emerging markets for the US-dollar fund at this point in time.
  
  The new investment product and structured funds are expected to contribute RM200 million in revenues for the coming financial year, Hassan said. He added that Takaful Malaysia was also targeting to establish an international currency business unit by year end.
  
  Hassan said Takaful Malaysia was eyeing between 15% and 20% growth in the coming year as a result of all these changes. New products will be the key growth driver of Takaful Malaysia's asset base, he said.
  ...
  Hassan said that the unreconciled differences had been resolved within two months after the company's AGM in November. "The unreconciled balances have had no negative or positive implications to the balance sheet and profit and loss statement," he added.
  
  Going forward, Hassan said the company was focusing its effort on its Malaysian business for the next two years.

• 
  www.btimes.com.my/Current_News/BT/Thursday/Frontpage/ta - [Cached Version]
  Published on: 10/10/2007    Last Visited: 10/10/2007  

  In August, group managing director Hassan Kamil told Business Times that Takaful Malaysia would sell a stake in ARIL to raise more capital for expansion.
  
  Hassan said the company was looking to increase ARIL's capital to US$50 million or US$100 million (RM170 million or RM340 million) to receive favourable credit ratings from a premier rating agency like A.M. Best or Standard & Poor's.

• 
  www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.art - [Cached Version]
  Published on: 9/24/2007    Last Visited: 9/24/2007  

  Going forward, we will introduce a hybrid mudharabah-wakalah concept," Syarikat Takaful Malaysia Bhd (Takaful Malaysia) group managing director Hassan Kamil (pic) told The Edge Financial Daily in a recent interview.
  
  "With my actuarial expertise and team of actuaries, we will be able to design and structure new products that are more customer-oriented and serve more niche customers," he said, adding that the company was slated to release its first such hybrid product in November.
  
  On why Takaful Malaysia was adopting this strategy after several years of offering only mudharabah-based products, Hassan said thatwhile mudharabah was still a good model, the market was getting more competitive, ‘so in order for us to continue to grow we have to explore other models'.
  
  He added that the company would continue to retain some of its mudharabah products.
  ...
  "We hope that the new system and processes will help us regain the position as the No 1 takaful operator in Malaysia," Hassan said.
  
  Takaful Malaysia used to hold a monopoly position in the industry, but has seen its market share dwindle since other more aggressive players entered the scene.
  
  On how Takaful Malaysia planned to grab a sizeable chunk of market share, Hassan said that the company was stepping up product innovation and enhancing its service capabilities."There are people willing to play slightly more for better products, so we are beefing up our service capabilities and the way we interact with customers."
  
  While most of the company's existing customers comprise low- to middle-income earners, Hassan said that Takaful Malaysia was now targeting more middle- to upper-class and business customers."We are looking to sell more investment-oriented products as opposed to protection," he said.
  
  Currently, investment products comprise less than 10% of the company's product mix.According to Hassan, Takaful Malaysia has two structured funds in the pipeline, jointly developed with investment banks in Singapore and Hong Kong respectively.
  
  One of these funds will be ringgit-based, while the other will be a US-dollar currency fund aimed at Middle Eastern investors." We hope to sell the US dollar currency fund to Middle Eastern investors through our Middle East bank partners here.We plan to start a roadshow to visit partners after Raya," Hassan said, adding that Takaful Malaysia was not eyeing other emerging markets for the US-dollar fund at this point in time.
  
  The new investment product and structured funds are expected to contribute RM200 million in revenues for the coming financial year, Hassan said.He added that Takaful Malaysia was also targeting to establish an international currency business unit by year-end.
  
  Hassan said Takaful Malaysia was eyeing between 15% and 20% growth in the coming year as a result of all these changes.New products will be the key growth driver of Takaful Malaysia's asset base, he said.
  
  "To date our total asset base is RM3.4 billion.We hope to expand it to an excess of RM5 billion by 2010."For the financial year ending June 30, 2006, Takaful Malaysia's total assets stood at RM3.22 billion, compared with RM2.79 billion in FY05.
  
  Last year, The Edge reported the issue of some 6% of the company's RM3.22 billion assets or RM200 million worth of unreconciled differences in Takaful Malaysia's accounts.Hassan said that the unreconciled differences had been resolved within two months after the company's AGM in November."The unreconciled balances have had no negative or positive implications to the balance sheet and profit and loss statement," he added.
  
  Going forward, Hassan said the company was focusing its efforts on its Malaysian business for the next two years.

• 
  www.alhudacibe.com/newsletter/1-15oct/takaful_5.html - [Cached Version]
  Published on: 11/14/2007    Last Visited: 11/14/2007  

  Going forward, we will introduce a hybrid mudharabah-wakalah concept," Syarikat Takaful Malaysia Bhd (Takaful Malaysia) group managing director Hassan Kamil (pic) told The Edge Financial Daily in a recent interview. "With my actuarial expertise and team of actuaries, we will be able to design and structure new products that are more customer-oriented and serve more niche customers," he said, adding that the company was slated to release its first such hybrid product in November. On why Takaful Malaysia was adopting this strategy after several years of offering only mudharabah-based products, Hassan said thatwhile mudharabah was still a good model, the market was getting more competitive, ,so in order for us to continue to grow we have to explore other models'. He added that the company would continue to retain some of its mudharabah products.
  ...
  "We hope that the new system and processes will help us regain the position as the No 1 takaful operator in Malaysia," Hassan said. Takaful Malaysia used to hold a monopoly position in the industry, but has seen its market share dwindle since other more aggressive players entered the scene. On how Takaful Malaysia planned to grab a sizeable chunk of market share, Hassan said that the company was stepping up product innovation and enhancing its service capabilities."There are people willing to play slightly more for better products, so we are beefing up our service capabilities and the way we interact with customers." While most of the company's existing customers comprise low- to middle-income earners, Hassan said that Takaful Malaysia was now targeting more middle- to upper-class and business customers."We are looking to sell more investment-oriented products as opposed to protection," he said. Currently, investment products comprise less than 10% of the company's product mix.According to Hassan, Takaful Malaysia has two structured funds in the pipeline, jointly developed with investment banks in Singapore and Hong Kong respectively. One of these funds will be ringgit-based, while the other will be a US-dollar currency fund aimed at Middle Eastern investors." We hope to sell the US dollar currency fund to Middle Eastern investors through our Middle East bank partners here.We plan to start a roadshow to visit partners after Raya," Hassan said, adding that Takaful Malaysia was not eyeing other emerging markets for the US-dollar fund at this point in time. The new investment product and structured funds are expected to contribute RM200 million in revenues for the coming financial year, Hassan said.He added that Takaful Malaysia was also targeting to establish an international currency business unit by year-end. Hassan said Takaful Malaysia was eyeing between 15% and 20% growth in the coming year as a result of all these changes.New products will be the key growth driver of Takaful Malaysia's asset base, he said. "To date our total asset base is RM3.4 billion.We hope to expand it to an excess of RM5 billion by 2010."For the financial year ending June 30, 2006, Takaful Malaysia's total assets stood at RM3.22 billion, compared with RM2.79 billion in FY05. Last year, The Edge reported the issue of some 6% of the company's RM3.22 billion assets or RM200 million worth of unreconciled differences in Takaful Malaysia's accounts.Hassan said that the unreconciled differences had been resolved within two months after the company's AGM in November."The unreconciled balances have had no negative or positive implications to the balance sheet and profit and loss statement," he added. Going forward, Hassan said the company was focusing its efforts on its Malaysian business for the next two years.It plans to grow its retail business by leveraging on its existing 123 branches and is also in discussion with Bank Islam to utilise the latter's branches to sell its products. "A bancassurance model is already in the works.We hope to have it in place by the middle of next year," he added.

Page:  1 2 3