Year: 2018

Protection for e-hailing passengers

This one is a good. It is found in the Star newspaper. Here you go…. For convenience, I frequently use e-hailing services even though I own a car. I opt for the service whenever I go to unfamiliar places or…

DEALING WITH CONSEQUENTIAL LOSSES

A LOSS ADJSUTER’S PERSPECTIVE…. Business interruption losses are less tangible than direct physical losses. An adjuster must understand both the nature of the loss and the specifics of the business before determining how to document the loss. This article provides…

Nepal’s lucrative helicopter rescue scams on Insurers

Michael Safi in Delhi @safimichael Special acknowledgement: theguardian.com Nepal has ordered a review of the way summit helicopter rescues are conducted after uncovering a multimillion-dollar scam in which climbers were pressured, sometimes by having their food spiked, to take costly…

Careless Drivers Drove Claim Higher in 1H2018

DASHVEENJIT KAUR The General Insurance Association of Malaysia (PIAM) is planning to work with the government to reduce the number of road accidents in the country by 50%. Its chairman Antony Lee Fook Weng said the alarming increase in motor…

SHIT in cargo below the deck

Hong Kong insurer ‘to snap up HSBC stake’ in joint venture

FWD, owned by tycoon Richard Li, is starting with a minority stake in HSBC’s Malaysian operation, but has bigger plans 29 AUGUST 2018 – 05:49 Agency Staff Hong Kong/Kuala Lumpur — Hong Kong-based insurer FWD Group has agreed to buy…

Wrestling with managed healthcare

LETTERS Thursday, 31 May 2018 Good read, an letter written to Star I SUPPORT Dr Steven Chow’s views on the medical middlemen, “Cut out the middlemen for better GP care” (The Star, May 25). The concept of managed care originated…

Zurich Malaysia to absorb GST for new policy applications, renewals in May

Faiz Halim @edge Swiss insurer Zurich Malaysia (Zurich Life Insurance Malaysia Bhd, Zurich General Insurance Malaysia Bhd and Zurich Takaful Malaysia Bhd) said today it will absorb the 6% goods and services tax (GST) incurred for new applications and renewal…

Detariffication experience in Asia

Premium rates for motor and fire insurance are regulated or tariffied in several countries. In a tariffied regime, premium rates are controlled, usually for reasons of public policy. Conversely, on the other hand, once detariffied, insurers will be free to…

Motor re/insurers set for disruption as autonomous vehicles become the focus

Autonomous vehicles are likely to be a major disruptive force to motor re/insurers, bringing an expected reduction in the risk pool which would decrease motor premiums and downsize the motor insurance market over the long-term, according to J.P. Morgan analysts.…