Category: BlogTalk

Managing the insurance cycle the Lloyd’s way

I thought the February / March 2010 CII’s The Journal write-up on the topic: Insurance Pricing was interesting and some eye-opener…. in particularly those relating to the Lloyd’s seven steps to managing the insurance cycle. With fluctuating premiums, varying levels…

Can an insurance agent issue policy on behalf of the insurer?

insurance policy issuance by agents

Since the early 1990’s after the sun had dawn on the now defunct underwriting agency channel and their network of sub-agency, insurance companies had totally discontinued allowing the issuance of policy documents (other than cover notes) by agents. Moreover the Bank Negara then was…

Old Dogs must learn new tricks!

Last week I made a presentation in regards the topic on making underwriting-sense of the industry’s motor insurance portfolio… in which I mentioned this commonly used phrase, “It is difficult to teach old dogs new tricks!” with a view to…

Motor Insurance Pricing… Adopt Risk-based rating, maintain tariff or de-tariff?

Which is better…. Risk-based rating, existing tariff rating with permitted Bank Negara’s loading & excess or doing away with existing tariff?  I really do not know. If the industry was to advocate risk-based, our politicians and consumers alike would be…

TPBID Newco…. Disputing its viability at a recent Market Meeting

On the 30th April 2010, the Non-Life insurance industry held its first open-market discussion on the recent proposed national third party bodily & death (TPBID) Newco and its very sketchy operating model. This event was held by PIAM to obtain…

We always thought we got it right all the time…..

I received the “Bathtub Test” email sometimes back, which I thought was great stuff. I have since tested it during interview on some young graduates who had came looking for a job. Usually the answers given by those cocky and…

A middle finger too stiff… more decisions too self-serving!

The Malaysian newspapers reported some ROAD RAGE.… Mr. Beh, 43, a forwarding clerk nudged into the vehicle belonging to Mr. Lim, 52. He drove off with Lim chasing him close behind… both vehicles scraped one another. Lim then showed Beh…

The New Motor Insurance Cover – taking a glimpse……..

Judging from the many hits to my previous postings relevant to this topic – 408 hits to blog posting: Difficult buying your Motor Insurance? Try Malaysian Motor Insurance Pool and 271 hits to another: The National Third-Party Bodily Injury Liability…

Stupidity from the past…. A perpetual-Permanent Loss of Licence QS with an asshole lady in front!

During today’s drinking session, my reinsurer friend lamented to me as to how stupid those practitioners (the insurer perspectives) from the past could have been, for having accepted a share of the Permanent Loss of Licence (LOL), and worst…… they…

Aviation Insurance….. We pay! Please don’t bother to take off…

TRYING A HAND ON MICRO-BLOGGING… 😎 In an Aviation meeting yesterday, we drifted into a question of an emergency landing situation where the pilot of an ATR plane did a forced landing onto a nearby island runway. After the successful…