Nepal’s lucrative helicopter rescue scams on Insurers

Michael Safi in Delhi @safimichael Special acknowledgement: theguardian.com Nepal has ordered a review of the way summit helicopter rescues are conducted after uncovering a multimillion-dollar scam in which climbers were pressured, sometimes by having their food spiked, to take costly…

Hong Kong insurer ‘to snap up HSBC stake’ in joint venture

FWD, owned by tycoon Richard Li, is starting with a minority stake in HSBC’s Malaysian operation, but has bigger plans 29 AUGUST 2018 – 05:49 Agency Staff Hong Kong/Kuala Lumpur — Hong Kong-based insurer FWD Group has agreed to buy…

Wrestling with managed healthcare

LETTERS Thursday, 31 May 2018 Good read, an letter written to Star I SUPPORT Dr Steven Chow’s views on the medical middlemen, “Cut out the middlemen for better GP care” (The Star, May 25). The concept of managed care originated…

Zurich Malaysia to absorb GST for new policy applications, renewals in May

Faiz Halim @edge Swiss insurer Zurich Malaysia (Zurich Life Insurance Malaysia Bhd, Zurich General Insurance Malaysia Bhd and Zurich Takaful Malaysia Bhd) said today it will absorb the 6% goods and services tax (GST) incurred for new applications and renewal…