Author: malaysiainsurance

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

The Health with Government and Great Eastern in mySalam

Excluding Malaysians diagnosed with critical illnesses before January 1 this year from coverage under the mySalam health insurance will marginalise existing poor patients, the medical fraternity said. Malaysian Medical Association (MMA) president Dr Mohamed Namazie Ibrahim said only 50,000 people…

Insurtech | Malaysia first casualty

After the Regulatory Sandbox and the launch, dust finally begin to settle. GetCover may as well be that famous one in the Malaysian insurtech scene, the first to go down. Organisations and peoples who were supposedly the driving force behind…

Warren Buffett and the Insurance Business: A 52-Year Love Story

Matthew Frankel, CFP, The Motley Fool Motley FoolFebruary 22, 2019, 11:41 AM GMT On Feb. 22, 2019, it will be 52 years to the day since Warren Buffett took his first serious dive into the insurance business when Berkshire Hathaway…

Digital Insurance Broking Will Take Off In Singapore In 2019

Summary in Clyde & Co Regulatory ‘Sandbox Express’ programme will be a key driver. In recent years, the Monetary Authority of Singapore (MAS), Singapore’s insurance regulator, has been a strong advocate of technological innovation as a means by which to…

Judge Dismisses U.S. Suit Against Malaysia Airlines, Insure Allianz Over Plane Disappearance

November 25, 2018 by Jonathan Stempel A U.S. judge has dismissed nationwide litigation over the disappearance of Malaysia Airlines Flight MH370 in which victims’ families sought to hold the carrier, its insurer Allianz SE and Boeing Co. liable for the…

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