Author: malaysiainsurance

Free-form insurance blogging - anything on earth.... maybe outer space but that's necessarily on and about insurance

Edelweiss General Insurance goes bullish on Open API, IT News, ET CIO

I find this article intriguing as I can foresee the next battle field is at the API strategics. How you find this article a good read. Special thanks to Nikhar Aggarwal and ETCIO.com The API model will help customers access…

DEAD LUCKY Indonesian coffin maker becomes instant millionaire after $1.8million SPACE ROCK crashes through his roof

Rob Pattinson5:24 ET, Nov 17 2020Updated: 6:48 ET, Nov 17 2020 Something outside the domain of insurance but nevertheless a good read…. A COFFIN maker in Indonesia became an instant millionaire – when a $1.8million lump of space rock crashed…

Federation of Malaysian Consumers Associations appeals to regulator to intervene in medical insurance repricing

The Federation of Malaysian Consumers Associations (FOMCA) has called for the government and Central Bank of Malaysia (BNM) to intervene to halt repricing of the medical insurance premium. FOMCA, a not-for-profit national non-governmental organisation, is the umbrella body for 13…

Can I Claim Insurance From Two Different Insurance Companies?

Matthew Okunade Can we claim insurance from two different companies? The short answer to this question is, “Yes.” While this is certainly not common, you might find yourself in a position where you can validly put out a claim to…

Business, Insurers Face Survival Showdowns Over Pandemic Coverage

August 18, 2020 by Emma Rumney and Noor Zainab Hussain PILANESBERG NATIONAL PARK, South Africa— Wynand du Toit’s safari camp in South Africa’s Pilanesberg National Park lies abandoned, its tents ripped open by baboons and its survival in the balance after…

Improving through better work culture and efficient & effective operations are the main reasons

An article worthwhile for sharing …. that our General Insurance industry can learn on operational efficiency and effectiveness. Special thanks to Matthew H Tong’s article in Paul Tan’s Automotive News on Better work culture and streamlined operations are the main…

GIC Re’s downgrade adds to Srivastava’s challenges

GIC Re continues to struggle with big underwriting losses and has yet to inspire confidence that its plans for a return to profitability are working. India’s only domestic reinsurer booked underwriting losses of Rs7.2 billion (US$96.2 million) during the past…

Trust Re to leave Labuan, Malaysia and to centralise its operations in Bahrain

Trust Re has announced its strategic plans to centralise all its activities at its head office in Bahrain. The company now looks to implement its restructured operational model which focuses on profitability, cost management and maximising its core strengths. As…

How our insurance regulator responds to covid-19

Part extracted from https://www.vantageasia.com/regional-insurance-regulators-covid-19/ In the wake of the covid-19 pandemic, insurance regulators across the Asia-Pacific have taken measures to provide relief to the insurance sector – both for insurance companies and their customers. Almost all jurisdictions have urged companies…

Is Covid-19 protection gap a big concern for insurers?

The economic impact of Covid-19 (coronavirus) is clearly going to be significant, with global growth in GDP for 2020 now expected, at best, to be only half that of the 3% originally anticipated. Relative to the $86.5trn global GDP for…