Year: 2009

What will insurance consumers face with the recent National Automotive Policy (NAP) review?

Ban on motor vehicle used spare parts

The recent revised National Automative Policy (NAP) has outlined the gradual phase-out of imported used vehicle parts and components. The government has raised concerns over safety and environmental issues from continuing with the practice of importing used parts and components…

Who stole my No Claim Discounts meant for my Trailer?

Whenever I met up with agents nowadays, they never failed to complain over decisions that were adopted by the industry recently. Of course, mandatory direct rebate and refusal to write third party cover were some of those but very recently, the agents, especially those writing substantial…

Project Malaysia internet-Insurance Agency Network…. New breath for agents?

I must be quite a relieved man, having spent the last 5 days single handedly (with bare hands) got the prototype site for Project – MIIA Network running. You may want to check this site out: http://malaysiainsurance.info/Project-MIIA Because of this…

Pushing the limits of our markets and improving the memory of our audience through the tentacles of advertisement banners

Are you a blogger, facebook social networker, twitter messaging tweaker, some cyber-ians trying to make ends meet in cyberspace? Join us and try out some of our advertisement banners…. The money making banners may be just what you are looking…

A little bit and there on insurance-eCommerce under the Breeze….

Hi… I am now in the land below the wind – that’s Sabah, the place I “screwed” (not screwed up though…) for almost 17 years! Or was it luv?   Over the last couple of days, I picked up a…

Renewing your policy? Review the cover!

Dora (not her real name)’s cosy 2-storey terrace house in the upper-middle market residential area in PJ was burgled a couple of weekends ago. The following work day she called her insurance company and was dismayed when she was informed that her Houseowner/Householder policy did not have coverage on contents. So, what…

IT Projects – Bridging the Communication Gap

My journey in IT projects was revived in 2003 after almost 2 decades of abstention. Whilst a much younger me participated as a technician, the receiver of directions, my recent self had involuntarily become the leader of the User Group, the deliverer…

Sex Insurance, the Product (P1) Concepts

A LESSON ON NEW PRODUCT DEVELOPMENT I would love to move on by starting work on the other 3 Ps – P2 for Positioning, P3 for Pricing and P4 for Promotional but alas I have a friendly reader who insisted…

The 5% service tax factor in insurance policy issued in favour of Management Corporation

On 27th July 2009, we have written a post title, “Management Corporation – insurances and service tax waiver” where we have proposed that the 5% service tax on insurance premium should be waived on the grounds that the Management Corporation…

What do you mean by FRONTING a risk?

fronting the insurance risks

  Having sat in numerous meetings involving discussions on subjects relating to Risk-based Capital (RBC) and Risk Management & Compliance (mainly to do with the BNM’s directive in respect of JPI/GPI 22) I noticed people having differing understanding and opinion…