Category: Intermediary

Legalise Illegal Foreign Workers With Insurance Assists

More and more things to do for the insurance industry, but necessary to get more business

348 agents to process illegal foreign workers‘ applications for the purpose of legalising them in a biometric-system-driven programme or Program 6P And the General Insurance companies and Takaful Operators are going to be a part of these 348 agents….. But…

Setting up an extensive branch network to expand business?

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STRETCHING THE BUSINESS-REACH GEOGRAPHICALLY – Building on BRICK-AND-MORTAR or Mobile-eCOMMERCE setup, which is more effective? 😎 Expanding business reach nationwide is not exactly easy nowadays. With underwriting agents and multi-tier agency models gone since the 1990s, widening the business network…

Motor Insurance Direct Discount – time for agents to reinvent

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In 2009, the Malaysian non-life insurance industry had resolved to provide MANDATORY discount on all motor insurance purchased directly from the insurers – the scheme of discounting was such that it would be 5% for the first year of implementation…

Can an insurance agent issue policy on behalf of the insurer?

insurance policy issuance by agents

Since the early 1990’s after the sun had dawn on the now defunct underwriting agency channel and their network of sub-agency, insurance companies had totally discontinued allowing the issuance of policy documents (other than cover notes) by agents. Moreover the Bank Negara then was…

Insurance Accounting Software: How To Get The Best One

Insurance business has developed and prospered by leaps and bounds in the last few decades. This has not only made their transactions big but have also made them a little more complicated with new insurance policies being launched every day.…

Insurance Agent Websites – How to Take Your Agency Online

Key to better agency management

Smart insurance agents understand that having a well-designed insurance agent website is critical to succeeding as an insurance agent today. But how does an agent launch and manage their website? In this article, we look at the pro’s and con’s of the three main options insurance agents have available to them to launch and manage a website.

Life Insurance Agent Opportunities

Job opportunities are high for the life insurance agents with a background in computer skills and finance. Life insurance agents, these days, use “Smart System” (computer applications) to manage risks accurately. “Smart System” helps life insurance agents in avoiding undue losses and making sound decisions. Internet also influences the work of insurance agents. An internet helps life insurance agents to access information and quotes faster and reduce the time of paperwork. Job opportunity is better for college graduates with business administration course. A bachelors degree in any field and knowledge of accounts and computer provides a good opportunity for a job of life insurance agents. New life insurance agents usually start as trainees and assistant agents. They are given a job to provide information about clients status. As they gain experience, they are promoted to do policy work that is more complex. Being an agent can be a satisfying job for those who like paying attention to details and analyzing. For better opportunity a life insurance agent should have good communication skills.

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: Because of this…

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…