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…

Detariffication experience in Asia

Premium rates for motor and fire insurance are regulated or tariffied in several countries. In a tariffied regime, premium rates are controlled, usually for reasons of public policy. Conversely, on the other hand, once detariffied, insurers will be free to…

Motor re/insurers set for disruption as autonomous vehicles become the focus

Autonomous vehicles are likely to be a major disruptive force to motor re/insurers, bringing an expected reduction in the risk pool which would decrease motor premiums and downsize the motor insurance market over the long-term, according to J.P. Morgan analysts.…

The Aokam and Golden Plus Man, Who Rocked The Market In The 90s

This is not about insurance but about a man who gave his all for better or for the worst. BTW, he was then called the man with that Midas touch….on our share market. I believe he should also be given…

Why Do Liquid-Carrying Trucks Have Cylindrical Shaped Tankers?

You would have often seen oil or water tankers in your city & surroundings and wondered why they are in such cylindrical shape? Why these tankers only have a cylindrical shape but not cubical or some ideal box based shape?…

Marsh executives face criminal complaint in fresh aviation scandal

By Dan Ascher Some of Marsh’s top executives in Asia as well as members of its aviation team are the subject of a criminal complaint in the Philippines after allegedly sharing confidential client information. The men, including Marsh Asia CEO…