Category: Motor Insurance

Difficult buying your Motor Insurance? Try Malaysian Motor Insurance Pool

Express Buses are bad for insurance business

Updated 09th February 2010 We have updated this blogpost with a recently released Malaysian Motor Insurance Pool (MMIP)’s frequently asked questions. You may like to go through the questions and answers before going to “PAGE 2” for the full write…

Protected: MyEG, new kid on the e-Commerce block with REAL MUSCLES….

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Old vehicles on third party insurance are costing the insurance industry hundreds of millions annually…. but would converting them to comprehensive helps?

buy insurance for old cars

Performance of old vehicles in a nutshell. It is already common knowledge that old vehicles (≥ 15 years category) in the absence of adequate loading on the tariff gross premium are not writable risks, and especially so where more than…

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…

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…

Protected: The ISM-NCD enhancement like “Killing us softly with his song”!

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Insuring the Trailers – according to the tariff

It is mind boggling with the tariff section relevant to TRAILERS. It is very difficult for the Insured to ensure that the insurer insuring their prime mover (“Vehicle”) and the trailer attaching to it must be the same. What if…

The Pos M’sia factor… Political or Insurers’ own doing?

All insurers writing non-life insurance business in Malaysia are required to take up share in the Malaysia High Risks (unplaced) Motor Pool, now named as Malaysia Motor Insurance Pool (MMIP) during its formative stages; back in 1992. The shares are…

The new No Claims Discount (NCD) Mantra

This may or may not be good news for all…. When ISM-NCD system was implemented in 2007, the operating framework was nothing but on a parallel run; one leg with IT platform and the other leg with the usual manual…

Thinking of reconceptualising ISM-NCD database submission?

While reviewing my previous write-up: ISM_NCD system & the future of it….felt something might have crawled into my brain cells….Yep! I think my brain cells are still functioning….after some heavy drinking session! While in the previous write-up, I may have written…