Category: Consumer

Relates to numerous developments within the industry that may have some impact on consumerism. You need to read but need not have to understand fully… meaning read between the lines and then write us a two, three liners.

Motor Insurance | A Telematics Adventure for ASEAN?

CAR makers are taking the connected car seriously if examples at the ongoing Paris Motor Show is anything to go by..

From Peugeot to Volvo, new cars come with touch-screens, computers, telematics, sensors, and internet connectivity.

For supporters of connected cars – among them mobile operators and technology companies such as Google and Apple – the future cannot come soon enough.

However, the lifespan of automobiles, unlike mobile phones, is measured in decades, not months. No amount of fancy gadgetry will convince someone who has a new car to upgrade in a hurry.

Most cars on the road today are fitted with an on-board diagnostics, OBD II port, which can spit out a wealth of information about the car’s performance, including distance driven. Plug in a third-party device and it can harvest all that information.

GST Insurance Forum | Malaysia Insurance Forum

GST for Malaysian will be implemented on 1st April 2014; so what do you know about GST and how it will impact policyholders, agents, brokers and insurers. Or, what you know we do not know or what we know you may not know….let us just share them over a forum.

Why not we go forum over this GST matter? If there is no good and effective forum online for GST on Insurance for us to articulate matters as well as acquiring specific information, why not have it here on Malaysia Insurance Online | Forum?






Five benefits insurers could gain from the connected home

Great to explore the main benefits insurers could derive from the connected home, if they play their cards right. With analysts forecasting the connected home market will be worth billions in 2018, insurers unsurprisingly want a piece of the action. But with home telematics developing on very different lines to its vehicle counterpart, some wonder where insurance fits in….






Warning: Stocks Will Collapse by 50% in 2014

“We are in a gigantic financial asset bubble,” warns Swiss adviser and fund manager Marc Faber. “It could burst any day.” ….doesn’t hesitate to put the blame squarely on President Obama’s big government policies and the Federal Reserve’s risky low-rate policies, which, he says, “penalize the income earners, the savers who save, your parents — why should your parents be forced to speculate in stocks and in real estate






Google In Insurance Thought Leadership

Google continues to push forward, moving well beyond its platform for searches, marketing, and advertising and embedding its technology into the lives of every person, gathering new data to use in innovative ways.






What’s Next When Insurer Breaches The Central Bank’s Guidelines

The following are some excerpts from the meeting relevant to the insurance industry:
During the meeting MyCC Chairman, Tan Sri Dato’ Seri Siti Norma Yaakob requested some clarifications by Bank Negara Malaysia (BNM) in relation to banks or insurance companies breaching the Central Bank’s guidelines. BNM clarified that while no financial penalty will be imposed, in such cases, the bank or insurance company found to be in breach will be required to refund the money to the consumer or replace the product. According to BNM, it holds the bank and insurance companies responsible over the actions of their agents.






The Insurance Of Life | Inflation Kills

Today I read an article on Malaysia Kini where a health insurance policyholder lamented over why insurer has to be so divisive over various treatment options; one that requires hospital admission and one being on outpatient basis. If the policyholder…

Insurance Of Men’s Most ‘Prized Private Part’

Talking about men’s most prized private part, i.e. the penis, an underwear company in Canada has decided to provide insurance of the penis to help spur the sales of or perhaps to ignite further the interest in their underwear. I…

Time to file your taxes | Malaysian Tax system

I stumble on this infograph recently, which I think is useful for readers of Malaysia Insurance Online for this is the tax season of the year. Hope you likewise find this useful…. Courtesy: imoney.my

Malaysia top in ASEAN and Asia for road fatality | An Insurance Dilemma

Motor vehicle collision…. ever thought of underwriting third party insurance on motorcycle? What about increasing the private car comprehensive motor insurance premium – by way of more loading? Will the motor insurance premium takes a dive when the motor segment of…