Author: malaysiainsurance

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

Your Car was knocked by a commercial vehicle for hire and reward

Assuming your car is insured on a comprehensive insurance cover…. What if you were knocked by a vehicle that is licensed for commercial purposes, and specifically for hire or reward? Examples of such vehicle is taxis, buses and “A” permit….…

Web Aggregator and Direct Purchase – The Singapore Experience

The following article was written by Irene Ng, Life/Health Branch Manager of Gen Re’s Singapore office. Although the article was inclined towards life products, nevertheless was very relevant for applying them across the GI industry vis-a-vis selling on a B2C channel…

Munich Re to change its regional set-up in Asia | Malaysian Branch Closing

The following report is a shocker to the Malaysian insurance industry…. you mean Munich Re, KL branch is closing down? Can’t see the rationale behind! The following is the writeup…. In order to keep pace with the dynamic expansion in…

Putting the D in Direct: Singapore’s New Direct Insurer, FWD SINGAPORE 

I find this article written by Singapore Life Blog (Posted on 9 September, 2016 in Insurance Galore by clearlysurly.com) on this new Direct Insurer, FWD SINGAPORE interesting and worthwhile to read ….I am sure we can learn a thing or two about selling online as Malaysia…

Death of the Agency Supporting Marketers Operating in an Insurance B2B Ecosystem 

What exactly is insurance B2B or business-to-business? Simply says, it is about intermediaries (including customer servicing personnel) using a point-of-sales (PoS) online platform to transact insurance requirements for or on behalf of their customers with the insurer(s) (i.e., principal). The…

Woman Who Predicted The Fall of The Twin Towers Has Bad News For 2016 And Perhaps More To Come!

One of the most shocking prediction was made in 1980. The visually impaired old lady said: “when the new century rolled over, in August of 1999 or 2000, Kursk will be secured with water, and the entire world will be sobbing over it.”
The forecast did not bode well in those days. A quarter century, it appeared well and good. A Russian atomic submarine died in a mischance in August of 2000. The sub was named after the city of Kursk , which in no way, shape or form could have been secured with water.






Compulsory Liability Insurance from Government P&I Entity Spells Fresh Competition for Hull Insurers 

P&I’s goal is to provide marine liability for coverage up to a combined single limit of US$400,000 (RM1.6 million) for ships of less than 300 gross tonnes. The setting up of P&I will further spur the sector’s competitive-ness within the region as well as internationally. Malaysia is ranked among the top 30 trading nations globally. It is also among the top 30 in terms of shipping, with a gross tonnage of 7.3 million, excluding ships of less than 100 gross tonnage and purely domestic ships….






A Public Apology To GetCover 

​We apologise to GetCover for a blog posting that was written and published on the 30th July 2016 alleging that GetCover was engaging in an MLM scheme in the selling of insurance. “It was not fair to GetCover if we…

Is your car insured against damages of the crowd in your UBER or GRAB adventure?

The couple, along with the Uber driver, were pulled out of the car before the suspects used rocks to break the car window. The injured female tourist was then taken to the Kuala Lumpur Hospital for treatment.






Unusual features of yacht insurance policies | Yacht Insurance Coverage

(An article extracted from http://www.iumi.com/ Yacht to be careful: Unusual features of yacht insurance policies By Edward Waite, Associate, with assistance from Richard Alam, Trainee, Holman Fenwick Willan LLP, IUMI Professional Partner, www.hfw.com Speed read As the shipping downturn continues,…