Author: vkliew

Small talks from Land below the wind

Top 5 things you should know |Introducing New General Insurance and Takaful Products

It took me quite awhile to finalise a review of Central Bank (BNM)’s BNM/RH/GL 010-14 “Guidelines on Introduction of New Products for Insurance Companies and Takaful Operators”. Procrastinating, perhaps! Anyway, I must say it, “Guidelines were badly written….” and the…

All Online wannabes… to register or not with Companies Commission of Malaysia (SSM)?

Last week the Malaysian dailies reported that all online (eCommerce) businesses must be registered with the Companies Commission of Malaysia (or SSM in Bahasa Malaysia)? The dailies further reported that more than 400 online businessmen are being charged in court…

No Claims Discount online – A connectivity-controls issue….

  On 1st July 2010, the nation’s No Claims Discounting (or NCD in short) system has finally gone online. Despite all the grumblings, howlings and discontentment over the forced implementation among various stakeholders, things seemed rather quiet – perhaps for…

Say NO to Motor third party bodily injury and death liability limit of RM2 million…..

The deadline for submitting your protest or suggestions or even arguments over the proposed TPBID mandatory (Newco) scheme is already over. The government has decided, and the new basic third party insurance policy will be sold nationwide come Jan next…

Working with the text files and images

It did took me awhile to figure out how to convert the MS Words and Excel related works into image version. Perhaps, I am not exactly as IT savvy as I had imagined myself to be all this while! Anyway,…

Underwriting Energy Insurance with I-G Training’s International Seminar

The experts used to say, “Watch out for the four “C’s” of insurance protection for the oil and gas explorer or operator — contracts, coverages, costs and claims” The contracts identify the indemnities and liabilities in exploration or oilfield agreements…

What do you mean by FRONTING a risk?

fronting the insurance risks

  Having sat in numerous meetings involving discussions on subjects relating to Risk-based Capital (RBC) and Risk Management & Compliance (mainly to do with the BNM’s directive in respect of JPI/GPI 22) I noticed people having differing understanding and opinion…

McDonald’s Comprehensive IP Infringement (McBlog) Insurance Policy

Move over McDonald’s, you have lost another round of court battle over the prefix of “Mac” and “Mc”. McCurry it is…. ……after a long drawn battle since the case was filed in 2001. The Federal court’s unanimous view is that McDonald’s…

Daphne Iking…. dicing with the Social Insurance aspect of section 498?

Daphne Iking (Sabahan fame – TV presenter, host and brand ambassador) was having some prolonged business discussions (??) with business man, Choy Khin Ming… perhaps a couple of hours too long… making husband, Ryan Chong unhappy. He successfully dragged Mr…

Insuring 1Malaysia, from an Underwriting Perspective

Happy Merdeka or Independence Day (52nd) for Malaysia. This year’s slogan is about living the 1Malaysia concept but can we? Or have we not been doing this for more than 52 years? Since independence we went through much commotions from…