Author: malaysiainsurance

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

Bank Negara: Make motor insurance payouts quicker, less painful with reforms.

BY IDA LIM Bank Negara suggested that there is room to revamp the entire accident and motor claims process. KUALA LUMPUR, April 3 — Malaysian motorists could have an easier and quicker process to claim for motor insurance payouts if…

Persuasive Selling in WIIFM

Things that I have learned today…. What’s WIIFM? Simply means What’s In It For Me? There are 5 main things you will need to grasp in persuasive selling: 1. You 2. Free…. samples 3. New…. latest 4. Now…. don’t procrastinate,…

Where IFRS17 and IFRS9 intersect

Eve Pastor reports on the interaction between IFRS17 and IFRS9, and its implications for asset liability management, valuation and financial reporting At the Actuary: https://www.theactuary.com/features/2019/06/where-standards-intersect/ Insurers will see a new era of financial reporting ushered in on 1 January 2022.…

The ‘Agreed value’ mystery

Written by: R Balasundaram @ https://balasbroadcast-wordpress-com.cdn.ampproject.org/c/s/balasbroadcast.wordpress.com/2020/03/08/the-agreed-value-mystery/amp/ Any insurance beginner who has learnt it in theory or a seasoned marine insurance practitioner will tell you, or rather it will roll off the lips nonchalantly that Marine cargo insurance is an ‘Agreed…

IFRS 17 success: How to ensure a strong foundation | Insurance Business

The following is an opinion article by Ambreesh Khanna, group vice president and general manager of Oracle Financial Services Analytical Applications. The views expressed within the article are not necessarily reflective of those of Insurance Business. Many thanks to INSURANCE…

Top reinsurers’ exposure to Wuhan coronavirus

Top reinsurers’ exposure to Wuhan coronavirus, Asia pandemic analysed With official numbers of the Wuhan coronavirus currently standing at 585 confirmed infected and 17 dead, Morgan Stanley analysts have detailed the extent to which the top four global reinsurers are…

Just Because It’s Not Covered Doesn’t Mean It’s Not Covered

This article is taken from Bill Wilson – P & C Insurance commentary…. special thanks to them: https://snip.ly/eymtdn#https://insurancecommentary.com/just-because-its-not-covered-doesnt-mean-its-not-covered/ Although this relates to US cases but nonetheless is very relevant for other markets. Hope you enjoy the arguments behind them. Denying…

Need for Cyber-Securities and Cyber-Insurance

special mention: https://thehackernews.com/2019/09/simjacker-mobile-hacking.html?m=1 Cybersecurity researchers today revealed the existence of a new and previously undetected critical vulnerability in SIM cards that could allow remote attackers to compromise targeted mobile phones and spy on victims just by sending an SMS. Dubbed…

10 Lesser-Known Startups Who Proudly Represented Malaysia In International Pitch Competitions

Article from Vulcan Posthttps://vulcanpost.com/673939/10-lesser-known-malaysian-startups-pitch-international-competition/Pitching competitions are one way for aspiring entrepreneurs and startups to kickstart their businesses and can be a way for existing startups to accelerate their business growth.As they’re competitions, there’s no doubt that there will be winners…

Insurance Underwriters facing extinction?

Written by Gareth McChesney, Underwriting & Pricing Director, Motor Insurers’ Bureau – Henley Business School Across our Insurance Companies are Personal Lines and SME Technical Underwriters an endangered species? Is automation doing to the Underwriter that which Global Warming is…