Year: 2016

Munich Re to change its regional set-up in Asia | Malaysian Branch Closing

The following report is a shocker to the Malaysian insurance industry…. you mean Munich Re, KL branch is closing down? Can’t see the rationale behind! The following is the writeup…. In order to keep pace with the dynamic expansion in…

Putting the D in Direct: Singapore’s New Direct Insurer, FWD SINGAPORE 

I find this article written by Singapore Life Blog (Posted on 9 September, 2016 in Insurance Galore by on this new Direct Insurer, FWD SINGAPORE interesting and worthwhile to read ….I am sure we can learn a thing or two about selling online as Malaysia…

Death of the Agency Supporting Marketers Operating in an Insurance B2B Ecosystem 

What exactly is insurance B2B or business-to-business? Simply says, it is about intermediaries (including customer servicing personnel) using a point-of-sales (PoS) online platform to transact insurance requirements for or on behalf of their customers with the insurer(s) (i.e., principal). The…

Woman Who Predicted The Fall of The Twin Towers Has Bad News For 2016 And Perhaps More To Come!

One of the most shocking prediction was made in 1980. The visually impaired old lady said: “when the new century rolled over, in August of 1999 or 2000, Kursk will be secured with water, and the entire world will be sobbing over it.”
The forecast did not bode well in those days. A quarter century, it appeared well and good. A Russian atomic submarine died in a mischance in August of 2000. The sub was named after the city of Kursk , which in no way, shape or form could have been secured with water.

Compulsory Liability Insurance from Government P&I Entity Spells Fresh Competition for Hull Insurers 

P&I’s goal is to provide marine liability for coverage up to a combined single limit of US$400,000 (RM1.6 million) for ships of less than 300 gross tonnes. The setting up of P&I will further spur the sector’s competitive-ness within the region as well as internationally. Malaysia is ranked among the top 30 trading nations globally. It is also among the top 30 in terms of shipping, with a gross tonnage of 7.3 million, excluding ships of less than 100 gross tonnage and purely domestic ships….

A Public Apology To GetCover 

​We apologise to GetCover for a blog posting that was written and published on the 30th July 2016 alleging that GetCover was engaging in an MLM scheme in the selling of insurance. “It was not fair to GetCover if we…

Is your car insured against damages of the crowd in your UBER or GRAB adventure?

The couple, along with the Uber driver, were pulled out of the car before the suspects used rocks to break the car window. The injured female tourist was then taken to the Kuala Lumpur Hospital for treatment.

Unusual features of yacht insurance policies | Yacht Insurance Coverage

(An article extracted from Yacht to be careful: Unusual features of yacht insurance policies By Edward Waite, Associate, with assistance from Richard Alam, Trainee, Holman Fenwick Willan LLP, IUMI Professional Partner, Speed read As the shipping downturn continues,…

Protected: Insurers are breaching the motor and fire tariffs?

There is no excerpt because this is a protected post.

Get tough on uninsured foreign drivers on Singapore roads

Letters from afar on the Web News & Top Stories at The Straits Times, Singapore…. Three years ago, my car was hit by a Malaysia-registered lorry along the East Coast Parkway towards Changi Airport. Luckily, the whole accident was captured…