Category: Grapevine

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

Need for Cyber-Securities and Cyber-Insurance

special mention: https://thehackernews.com/2019/09/simjacker-mobile-hacking.html?m=1 Cybersecurity researchers today revealed the existence of a new and previously undetected critical vulnerability in SIM cards that could allow remote attackers to compromise targeted mobile phones and spy on victims just by sending an SMS. Dubbed…

Insurtech | Malaysia first casualty

After the Regulatory Sandbox and the launch, dust finally begin to settle. GetCover may as well be that famous one in the Malaysian insurtech scene, the first to go down. Organisations and peoples who were supposedly the driving force behind…

Motor re/insurers set for disruption as autonomous vehicles become the focus

Autonomous vehicles are likely to be a major disruptive force to motor re/insurers, bringing an expected reduction in the risk pool which would decrease motor premiums and downsize the motor insurance market over the long-term, according to J.P. Morgan analysts.…

Marsh executives face criminal complaint in fresh aviation scandal

By Dan Ascher Some of Marsh’s top executives in Asia as well as members of its aviation team are the subject of a criminal complaint in the Philippines after allegedly sharing confidential client information. The men, including Marsh Asia CEO…

As robots advance, up to 5 in 10 Malaysian jobs at risk

This article is taken from the edgeweekly, thought was interesting thinking about what’s going to happen to our industry in the next couple of years…. Fukoku Mutual Life Insurance would make a good example. KUALA LUMPUR: Some 18,000 people who…

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…