Author: malaysiainsurance

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

The simple side of Risk-based Capital (RBC)

Rewriting the Malaysian Risk-Based Capital (RBC) for underwriters and claims handling personnel. A Weblog from the past on RBC framework as seen from the eyes of a General Insurance underwriter…… Compared to the previous solvency margin methodology, this RBC is abit…

What will insurance consumers face with the recent National Automotive Policy (NAP) review?

Ban on motor vehicle used spare parts

The recent revised National Automative Policy (NAP) has outlined the gradual phase-out of imported used vehicle parts and components. The government has raised concerns over safety and environmental issues from continuing with the practice of importing used parts and components…

Who stole my No Claim Discounts meant for my Trailer?

Whenever I met up with agents nowadays, they never failed to complain over decisions that were adopted by the industry recently. Of course, mandatory direct rebate and refusal to write third party cover were some of those but very recently, the agents, especially those writing substantial…

Project Malaysia internet-Insurance Agency Network…. New breath for agents?

I must be quite a relieved man, having spent the last 5 days single handedly (with bare hands) got the prototype site for Project – MIIA Network running. You may want to check this site out: http://malaysiainsurance.info/Project-MIIA Because of this…

Pushing the limits of our markets and improving the memory of our audience through the tentacles of advertisement banners

Are you a blogger, facebook social networker, twitter messaging tweaker, some cyber-ians trying to make ends meet in cyberspace? Join us and try out some of our advertisement banners…. The money making banners may be just what you are looking…

Sex Insurance, the Product (P1) Concepts

A LESSON ON NEW PRODUCT DEVELOPMENT I would love to move on by starting work on the other 3 Ps – P2 for Positioning, P3 for Pricing and P4 for Promotional but alas I have a friendly reader who insisted…

The 5% service tax factor in insurance policy issued in favour of Management Corporation

On 27th July 2009, we have written a post title, “Management Corporation – insurances and service tax waiver” where we have proposed that the 5% service tax on insurance premium should be waived on the grounds that the Management Corporation…

Direct MOTOR Rebating – How does this works?

insurance rebate

The Guidelines in respect of Direct Motor Mandatory Rebate (click on the PDF for details of the Guidelines) can be quite confusing, having confused numerous insurers when it was first implemented on 1st July 2009. Now some critical issues were also…

Anika Insurance Broker…. A 40-years long affair

ANIKA Insurance Broker celebrated its 40th anniversary on the 2nd October 2009. Although a home brewed broking outfit, Anika is standing neck to neck with the international boys, and this is one way of saying, “Malaysia Boleh”! The company is…

SEX INSURANCE…. Don’t leave your spouse alone without one!

Sex for insurance and insurance for sex

Lesson on NEW PRODUCT DEVELOPMENT When my boss directed me to come up with a product that must eventually make it as the best selling insurance product of all times, I was bewildered…. by the way he sarcastically thought so…