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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.

Renewing your policy? Review the cover!

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Share Dora (not her real name)’s cosy 2-storey terrace house in the upper-middle market residential area in PJ was burgled a couple of weekends ago. The following work day she called her insurance company and was dismayed when she was informed that her Houseowner/Householder policy did not have coverage on contents. So, what happened? She recalled listing the contents when she first purchased the policy, so how did this “dissappeared” from her policy? Her recollection took her back to the time when she had to relocate to...

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Sex Insurance, the Product (P1) Concepts

nudeSimpsons

Share 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 that I must write about the conceptual aspects of this product. This means I have to stuck myself for awhile at P1, the Product….Before we start this off, it is best we refresh...

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Mandatory Motor Insurance Premium Rebate

BOMB!

Share The proposed mandatory motor insurance rebating by insurance company is a reality by July this year. However, in the recent PIAM’s proposal to have the member insurers approve the deletion of Clause 5.3 of the Inter-Company Agreement of the General Insurance Business, 31 insurers rejected it. This leads PIAM to suggest the deletion of the word “members” from that particular clause. Such suggestion may simply means creating an uneven playing field for the...

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