Author: malaysiainsurance

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

Referral Risks and Declined Risks…. What are these?

Your boss gave you a list containing “Referral or Referred” risks ūüėē with specific instruction that your agents cannot accept them but to make referral to you. You would have to assess whether you have the authority to accept such…

How has the recent global financial crisis affected the Reinsurance markets?

financial crisis

If you are requested to write this assignment in no less than 3,000 words, this is actually a luxury rather than a pain in the ass! I remembered when doing my assignments for my MBA two years ago, the university…

The x% factor in Incidental Wet Risks as prescribed in the Engineering Proportional

Yesterday’s negotiation seeking the amendments of the “Wet Risks” exclusion wordings draw a flak with the lead reinsurers not giving way…. My intention was basically to get them to agree to the characteristics of wet risks which I have outlined…

Protected: The ISM-NCD enhancement like ‚ÄúKilling us softly with his song‚ÄĚ!

There is no excerpt because this is a protected post.

The Wet Risks Elements in the underwriting of Construction, Erection and Infrastructural Projects

Is the project site on or near any water filled environment? What is the percentage of the contract value that is of wet elements? Does the project has any incidental wet elements or is the whole project being a wet…

Writing the Malaysian Power Plants… The leader in One-eyed Jack?

power plant insurance losses

A¬†recent very large loss (estimated at RM95.5 million)¬†stemming from damages to a transformer over at a Independent Power Producer (IPP)¬† GB3 station at Pantai Remis, Perak¬†did raise some eyebrows…. In just about half the calender year of 2009, two major…

Protected: Ex-Top Executives of PanGlobal Insurance charged over misuse of insurance fund‚Ķ. the first Malaysian Insurance Act ‚Äď Prosecution! Creativity that brought the downfall?

There is no excerpt because this is a protected post.

New Product in the Making… Insuring your Land with Title Insurance?

land Title Insurance

Funny! Why we ought to have some form of¬†insurance protection¬†for our land…but in Malaysia this is the real fact. With the growing number of land scams and increased value of property involved, serious measures, including protection by the law, are…

AH1N1…. Did the government declare it as a disease requiring quarantine by law?

We have written an article titled “The A H1N1 pandemic‚Ķ. Is your Health Insurance covering you?” back in June 15 this year describing that AH1N1 is an excluded risk in the Health Insurance policy in any event the government having…

Seriously! Captive Insurance – A Foe or Friend?

Risk-based Capital (RBC) framework has¬†taken effect¬†since 1st Jan 2009. With all Captive insurers (‚ÄúCaptives‚ÄĚ) registered under the Offshore Insurance Act (OIA, 1990) having no approved financial strength rating (fsr), it is difficult to see how ‚ÄúCaptives‚ÄĚ can generate interest among…