GST Insurance Forum | Malaysia Insurance Forum

GST for  Insurance Policy

GST for Malaysian will be implemented on 1st April 2014; so what do you know about GST and how it will impact policyholders, agents, brokers and insurers. Or, what you know we do not know or what we know you may not know….let us just share them over a forum.

Why not we go forum over this GST matter? If there is no good and effective forum online for GST on Insurance for us to articulate matters as well as acquiring specific information, why not have it here on Malaysia Insurance Online | Forum?

Five benefits insurers could gain from the connected home

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Great to explore the main benefits insurers could derive from the connected home, if they play their cards right. With analysts forecasting the connected home market will be worth billions in 2018, insurers unsurprisingly want a piece of the action. But with home telematics developing on very different lines to its vehicle counterpart, some wonder where insurance fits in….

Insurance (Exemption) Order 2009 and Order 2012?

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In 2012, the following orders were also introduced under the Insurance Act 1996 (now repealed and replaced by Financial Services Act 2013) to strength those liberalisation measures:
Insurance (Exemption)(No. 2) Order 2012; Insurance (Exemption)(Amendment) Order 2012; and Insurance (Approved International Marine, Aviation and Transit Insurance Brokers) Regulations 2012

Aviation Legal Liability | Airline Will Not Escape Liability if Act of War Caused Crash

Pray For MH17

Officials say 283 passengers and 15 crew members died when the flight crashed in Ukraine near the Russian border on Thursday. So far, there is no evidence that the aircraft malfunctioned; officials say it was brought down by a Russian-made antiaircraft missile. But according to the Montreal Convention, a 1999 international treaty that governs airline liability and compensation for the victims of air disasters, Malaysia Airlines is liable, regardless of whether it is at fault for the crash. Airlines do not have to pay for damaged cargo if it’s damaged in an act of war. But in the case of death or injury to passengers, the aircraft carrier can be held liable for up to 113,100 Special Drawing Rights, an updating, weighted average of convertible currencies.

How an Act of Aggression Complicates Insurance Questions for Malaysia Airlines

Malaysia Airlines

The key issue is whether the shoot-down of a civilian airliner over an area where there is a conflict but no official declaration of war will trigger aviation insurance policies’ “wartime exclusion” clauses. Such clauses are written into almost every insurance policy of a costly, high-tech airliner such as the 777-200, and they mandate that the insurance companies underwriting the aircraft won’t be liable if an act of war or terrorism destroys the plane.