Year: 2011

Energas Captive Insurance captured its A rating

Energas Insurance (Labuan) Limited (Energas), the Captive Insurer of Malaysian energy giant, Petronas National or PETRONAS was granted an “A” (excellent) financial strength rating from AM Best. A.M. Best Co. has assigned a financial strength rating of A (Excellent) and…

Violent Forcible Entry or Exit — A Robbery Affair

Macally Air-Alarm1 SecurityMan D.I.Y. Wireless Home Alarm System Kit

Whenever we issue any theft or burglary related coverage it is a norm to have “VIOLENT AND FORCIBLE ENTRY” as a condition before any such loss is covered. Whether you are an insurance consumer or practitioner, including agents it is…

Warren Buffett’s Letter to Shareholders… The Insurance part

It is a norm for Warren Buffett to write personally to his shareholder including the minority… And he is pretty direct with his words. This year he released his yearly letter to Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-A) shareholders on…

Latest Proposed New Motor Insurance Framework – Rakyat Di Dahulukan

The old TPBID or ACT Scheme

PROPOSED NEW MOTOR COVER FRAMEWORK — An extraction from the recent CONSULTATION SESSION WITH INSURANCE & TAKAFUL INDUSTRY on 23rd February 2011 This new motor framework was structured very much differently from the earlier version (refer to Fig 1 below…

The Wonder of Maths can be mind-boggling

sufiah yusof the former child prodigy turned pro in prostitution

Before we get to the mind-boggling part of mathematics, do you know Sufiah Yusof (Born 1984). Sufiah was recognised as a child prodigy with a talent in mathematics that won her a spot at Oxford reading Mathematics at the age…

Valentine Day | Marrying… consider some marriage-support insurance

Best Re rating

Happy Valentine Day…. and wondering what to write about the occasion. Oh! yes… we are not going to get ourselves embroil in the recent fatwa (or edict) concerning “Mind the Valentine’s Day Trap”… Perhaps it is good if we revisit…

Feng Shui for the insurance industry | Year of the Metal Rabbit 2011

  When the peaceful Rabbit hops in on February the 3rd 2011, the world over is looking forward to a year of relative calm and serenity… or is this going to be otherwise; something worst off than the tiger year?…

Personal Data Protection Act 2010 | Getting the insurance industry to order

Personal Data Protection Act 2010

The Malaysian Personal Data Protection Act (PDPA) was gazetted sometimes on the 10th June 2010 and has since been a subject of intense discussion amongst the insurance practitioners and community – something that many of us would want to talk…

Competition Act 2010 | Enhance tech-driven tools and not more written rules!

Lady bosses tend to stick to more written rules and procedures...

Competition Act 2010 – How much do we know about this? How would its enforcement changes the way the insurance industry currently works? This should not be too difficult if we are to think in terms of DETARIFFICATION of our…

Writing for the Money | Insurance Articles

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Blogging for the money is normal and that’s include monetising your blog and so on, but writing for the insurance association (aka Persatuam Insurance Am [PIAM] or Life Insurance Association of Malaysia [LIAM]) for money is something else. During my…