Category: Grapevine

The twists and turns of the industry…. but there is always something for everyone.

Is our economy really that promising?

By LIM SUE GOAN Malaysia’s exports rose by 32.5% in May, marking seventh consecutive month of double-digit growth and the biggest increase in seven years. This is both a good news and a bad one. Why? Well, exceptional export growth…

Motor insurance adjusters get jumpstart from Alibaba’s fintech arm

by Gabriel Olano 29 Jun 2017 Ant Financial, a fintech affiliate of e-commerce giant Alibaba, has debuted an artificial intelligence-powered image recognition system that can help motor insurance claims adjusters operate faster and more efficiently.Around 45 million vehicle insurance claims are…

Practice Notes 00002 of 2017 on Motor Insurance Detariff Do’s and Don’ts

The Practice Note dated 20th June 2017 that contains the Regulator’s latest FAQs was certainly not anything good for the Non Life industry, definitely not when Hari Raya is just around the corner. It has caused significant disruption for the…

Did Uber, Grab drivers lie to claim insurance?

June 9, 2017 Nur Khairah Alegria Suner PETALING JAYA: Syndicates have emerged among drivers of Uber and Grab ride-sharing services to claim insurance by lying about the cause of their vehicle accidents, an association for regular taxi drivers has alleged.…

The truth about job-loss or unemployment insurance

By Devansh Sharma, ECONOMICTIMES.COM | Jun 08, 2017 If you are considering to buy a job-loss cover, read the primer so that you do not end up buying something you did not want. If you are afraid you might be laid off by your…

Kidnap and Ransom (K&R) Insurance, an unexpected protection against ransomware attacks

The original article was taken from IndiaTimes…. but something that most underwriters are surprised that ransomware threats are claimable under Kidnap and Ransom policy.  The kidnap policies are typically used by MNCs looking to protect their staff in areas where violence…

20 Things the Most Respected Bosses Do Everyday

Think about the best boss you’ve ever known. Here are 20 things I’ll bet he or she never stopped doing.  By Bill Murphy Jr.  @BillMurphyJr  CREDIT: Getty Images Think about the best boss you’ve ever had. Maybe you’re fortunate, and we’re…

General insurance premium set to go up from April 1

By PTI | Updated: Mar 26, 2017, 07.55 PM IST This is an India thing but it makes good reading considering Malaysia is also implementing the detariffication of our Motor and Fire insurance tariff. India regulators imposed  +/-5% and Malaysia is on a…

Ng Keng Hooi makes Malaysian corporate history

BY DALJIT DHESI   Ng Keng Hooi (pic) made headlines when he became the first Malaysian to helm an international financial services group. He was recently picked to succeed Mark Tucker, another global insurance vateran, as group chief executive and president…

And so I kept quiet?

I find this interesting read for the morning…. No, I am not a politician just a blogger, also not one who agrees with what the writer says here. No particular race or person is the issue or they being part…