Asia e-Alert Malaysia: New Exposure Draft on the management of participating life business – a greater focus on estate management

On 31 December 2021, Bank Negara Malaysia issued a new Exposure Draft on the management of participating life business. This update comes five years after the first guidelines on the management of participating life business were implemented in July 2016. This e-Alert summarises the key changes in the Exposure Draft, with a focus on new requirements related to estate management and management of small or shrinking par funds.