Share While it was recognised as a good attempt by ISM (or Insurance Services Malaysia in case you do not know) to introduce Information Technology innovation in shaping how the non-life insurance industry administer and managing the No Claims Discount (NCD) affairs, it is still not working to an efficient level as envisaged by the industry operators. While the bosses are talking and congratulating ISM for a job well down (obviously based on ISM...
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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