Malaysia National Insurance eyes offshore markets

Peter Ng Yee-ming, vice president of finance at Malaysia National Insurance, spoke with FinanceAsia about the constraints on domestic insurers' investment policy. The M$7 billion ($1.84 billion) MNI is the largest Malaysian-owned insurance company, with both general and life businesses. Its main shareholder is Pramodian Nasional (PNB), a social fund dedicated to Malays, and MNI's business caters primarily to middle- and lower-class bumiputra.