Posts Tagged ‘ Changing Times ’

STRETCHING THE BUSINESS-REACH GEOGRAPHICALLY – Building on BRICK-AND-MORTAR or Mobile-eCOMMERCE setup, which is more effective? Expanding business reach nationwide is not exactly easy nowadays. With underwriting agents and multi-tier agency models gone since the 1990s, widening the business network has become rather difficult. In the mid 1990s, most insurers worked tactically along simple analogy...
Read more »

Today, I happened to drop by a Massachusetts Institute of Technology (MIT) Lecture Series where visiting Prof. Srini Devadas gave a lecture on IT in the year 2020 – Building COLLECTIVE INTELLIGENCE. How real…. Internet has to a large extent change the way we go about our lives. And certainly, it is expected to...
Read more »

Open Web Asia, 13 & 14 July was some eye-opener for those who are not a techie or a geek… anyway there are not that many non-techies or geekies around either. In summary, the topics discussed were divided into three main tracks: The 2010 OpenWeb Asia schedule Forum on growing Digital in Asia –...
Read more »

In 2009, the Malaysian non-life insurance industry had resolved to provide MANDATORY discount on all motor insurance purchased directly from the insurers – the scheme of discounting was such that it would be 5% for the first year of implementation and thereafter at 10%.  Thus, come 1st July 2010 and onwards all Malaysian non-life...
Read more »

If you are in any leadership capacity within any organizational structure, it behooves you to have at least a cursory understanding of Organization Behavior tenets. In other places it may be referred to Industrial Psychology or other such terms, but they all refer to how an organization behaves both in a macro and micro...
Read more »

Blogs are a way of exporting your site's content and message to an audience beyond traditional search. Creating a quick blog post and clicking Publish can instantly update several of your social media accounts while at the same time adding new content to your site, which keeps the search engines happy.
Read more »

Pardon my ignorance! But seriously…. very few practitioners actually knew about a major change having made to the section 140(1) of  Malaysian Insurance Act 1996 back in March 2009. Let’s revisit relevant subsections of section 140 of the Insurance Act prior to 31st March 2009: Section 140 Insurance Act 1996 – Insurance of property...
Read more »

Last week I made a presentation in regards the topic on making underwriting-sense of the industry’s motor insurance portfolio… in which I mentioned this commonly used phrase, “It is difficult to teach old dogs new tricks!” with a view to answer various objections from members of the marketing & underwriting fraternity and the agency...
Read more »

On the 30th April 2010, the Non-Life insurance industry held its first open-market discussion on the recent proposed national third party bodily & death (TPBID) Newco and its very sketchy operating model. This event was held by PIAM to obtain feedbacks from the members of the senior management of all member companies. Generally, the...
Read more »

I received the “Bathtub Test” email sometimes back, which I thought was great stuff. I have since tested it during interview on some young graduates who had came looking for a job. Usually the answers given by those cocky and over-confident graduates failed this particular test…. Surprisingly they always follow my hands when I...
Read more »