Censof Holdings Bhd’s insureKU, an all-digital insurance and takaful platform, has received approval from Bank Negara Malaysia (BNM) to commence operations. Set to launch officially later this year, insureKU offers integrated insurance and takaful solutions and is the first of its kind in Malaysia.
1 May 2024 – Censof Holdings Bhd has announced that its all-digital insurance and takaful platform, insureKU, has received approval from Bank Negara Malaysia (BNM) to commence operations.
Scheduled for an official launch later this year, insureKU has been granted permission by BNM to participate in the national Financial Technology Regulatory Sandbox.
Developed by Censof Maal Sdn Bhd, a subsidiary of Censof Holdings, insureKU has been under development for the past two years and is set to revolutionize the insurance and takaful industry in Malaysia.
This platform marks a pioneering effort in Malaysia, integrating insurance and takaful solutions from end to end. insureKU offers a wide range of products covering life, general, and takaful insurance categories.
BNM’s Financial Technology Regulatory Sandbox, initiated in October 2016, aims to create a regulatory environment conducive to fintech innovation, promoting meaningful advancements in the financial sector. – ref: NST
