Year: 2014

Insurance Industry in 2014 | A Malaysian Perspectives

Detariffication (where both Motor and Fire related insurances are going down the free market path) is not exact a bad word but as the industry probe along, people seem to have differing viewpoints and at time some are wondering why are we so jittery about this…. — the industry is already operating its Marine, Miscellaneous Accident, Liability and Engineering classes without much of a problem. Of course they may had forgotten the combined Motor and Fire contributed some 67% of the overall non-life premium for the country; that’s the very reason why the authority is concerned.

The Foreign Grip On Our Insurance Industry

….whatever being the real reason(s), the locals and the foreign lieutenants must learn how best to work efficiently and effectively towards achieving established common goals – it is pathetic when those foreign lieutenants don’t articulate well the strategic and tactical direction for the company, and through it all, consultants after consultants are being engaged to carry out projects after projects that may at the end of the day doesn’t add up….






3 Ways Steve Jobs Made Meetings Insanely Productive — And Often Terrifying

“I hate the way people use slide presentations instead of thinking,” Steve Jobs told Isaacson. “People would confront a problem by creating a presentation. I wanted them to engage, to hash things out at the table, rather than show a bunch of slides. People who know what they’re talking about don’t need PowerPoint.”






Motor Insurance | A Telematics Adventure for ASEAN?

CAR makers are taking the connected car seriously if examples at the ongoing Paris Motor Show is anything to go by..

From Peugeot to Volvo, new cars come with touch-screens, computers, telematics, sensors, and internet connectivity.

For supporters of connected cars – among them mobile operators and technology companies such as Google and Apple – the future cannot come soon enough.

However, the lifespan of automobiles, unlike mobile phones, is measured in decades, not months. No amount of fancy gadgetry will convince someone who has a new car to upgrade in a hurry.

Most cars on the road today are fitted with an on-board diagnostics, OBD II port, which can spit out a wealth of information about the car’s performance, including distance driven. Plug in a third-party device and it can harvest all that information.






Malaysia Airlines, MAS to pay a 250% rate hike

This is interesting….(from the Insurance Insider News) The cost of Malaysia Airlines’ all-risk insurance policy has trebled after the carrier handed losses of up to $780mn to aviation insurers this year, The Insurance Insider can reveal. Multiple sources said that…

The risk of “reckless prudence”

“We are so risk adverse that we are requiring levels of capital that are probably beyond what is sensible, and intrusive supervision which I think is not really sustainable,” he added. There has been a very sharp swing of the pendulum post-global financial crisis for the financial system as a whole, he said.






GST Insurance Forum | Malaysia Insurance Forum

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?






The missing Malaysia Airlines flight MH370 | the search continues

6 months later, the search for missing Malaysia Airlines flight 370 continues…. I thought this writeup By David Fickling, at Bloomberg | September 11, 2014 was interesting and worthy of a repeat here, which highlighted the numerous developments and the many difficulties encountered






Five benefits insurers could gain from the connected home

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….






Why Businesses Should Serve Consumers’ ‘Higher Needs’

Why Businesses Should Serve Consumers’ ‘Higher Needs’ Aug 29, 2014 Snapchat received a $10 billion valuation this week, joining an ever-increasing number of young IPOs and startup companies that are meeting consumers’ evolving needs to create extraordinary value for investors.…