Year: 2013

Foreign Workers Related Insurance Schemes | Pay Extra, Gain Competitive Advantages

Foreign Workers’ Insurance – from Foreign Workers Compensation Scheme (FWCS), Foreign Workers Hospitalisation & Surgical Insurance Scheme (or SKHPPA) to Foreign Workers’ Insurance Guarantee (FWIG)  , they provide a really handsome profit for the insurance industry.  Now, that’s the reason why…

Malaysian Motor Insurance Pool (MMIP) will be called Syariah Compliant Malaysian Motor Insurance Pool (SCMMIP)

Considering a post of CEO to help the insurance industry spearhead the operations of MMIP and the newly set-up SCMMIP? Please click for file attachment. MMIP Vacancy Announcement.pdf

Motor Insurers Bureau of Malaysia

Today I did a email posting on to the wall of this site and I must say, this was indeed a great success. Technology…. I marvel at it! Not forgetting I did blog posting using my android phone, it was…

Financial Advisers | (Update) Roles in General Insurance Business

Malaysia Financial Adviser

2013 New instruction concerning the issuance of cover on behalf of insurer or takaful operator by Financial Advisers operating in Malaysia. The following circular by Persatuan Insuran Am Malaysia (PIAM) says it all…. Financial Advisers are barred from issuing cover…

The Energies behind the Oil & Gas Industry

All claims which arise from onshore refineries, petrochemical plants and any installations within their boundaries, even while under repair, maintenance, extension or modification, after the initial handing over to the operators, are excluded.

Onshore Refinery Risks Exclusion and Oil & Gas (O & G) Risks Exclusion within Treaty Reinsurance contracts I dislike it when reinsurers start to take off some of those usual fringe benefits that they used to generously allowed for the…

Best Re at its lowest | Malaysian Insurance Industry affected?

Best Re rating

BEST RE’s FINANCIAL RATING PERFORMANCE POSITION — THE MILLION DOLLAR QUESTION Best Re (Labuan) Ltd. was once a darling reinsurer of the Malaysian insurance industry, especially for the non-life markets. Most difficult risks got placed simply because of the presence…

2013 Motor Insurance Premium Rates | What has increased?

The 2013 Motor Insurance Premium Rates are out and there are increases but I do not foresee the premium increase is going to be damaging to the wallet, rather a soft landing for the rakyat and yet enables both insurers…

Bank Negara Circulars and Guidelines 2012 – 2013 | Insurance & Takaful Industry

 Bank Negara Guidelines & Circulars issued in 2012 and being implemented in 2013. As we enter 2013 it is refreshing for us to take a glimpse of what’s would be brewing in the next couple of months and I take…