Category: BlogTalk

The risk of “reckless prudence”

“We are so risk adverse that we are requiring levels of capital that are probably beyond what is sensible, and intrusive supervision which I think is not really sustainable,” he added. There has been a very sharp swing of the pendulum post-global financial crisis for the financial system as a whole, he said.

Insurance Companies engaging non-resident consultants must understand the Withholding Tax | Special Classes of Income

It is normal for insurers nowadays to appoint consultants from overseas to assist with various new development or projects; probably those expertise were not commonly available in the country. If this being so, then the amount that insurers is to…

The Riot Strike Malicious Damage Insurance Cover | #LowYat_Riot-2015

In the aftermath of the riot and /or malicious damage occurrence at Low Yat Plaza on the 12th July 2015, the public was wondering what could have gone wrong – there were numerous versions as to what having caused such an untoward event to happen – perhaps it was the petty theft incidence or was it about the merchant having cheated the customer by selling a cloned phone for a genuine version, or this was triggered by a group of political trolls, maybe thugs? Additional questions? Of course, we are looking at this from the insurance angle….
Was this event a riot to begin with?






Jack Ma | His Speech In Hannover 2015

If the first and the second innovation of the technology revolution liberated the human strength, the physical strength, this revolution liberate the strength of human brain —- the future world will be connected by data, instead of oil or other things. It is not about how the internet connects business to consumers but rather how the use of big data helps business customise their offerings according to the needs of the consumers. Ma said that the key for Internet companies to surviving and enjoying long and prosperous lives would depend on how well they work together with traditional brick-and-mortar companies.






ASEAN in 2015: Will Lower Oil Prices Interfere with its Economic Expansion?

Talking about ASEAN and how as a regional hub will help push the Malaysian Insurance industry to a newer height, this is one good article at KNOWLEDGE@WHARTON —- I supposed this makes great reading since contents were tastefully compiled and presented. Hope our readers will enjoy…. The 620 million people living in the Association of Southeast Asian Nations, or ASEAN, are facing some potentially big changes in coming months, given lower oil prices and the formation of a regional economic community.






Insurance Industry in 2014 | A Malaysian Perspectives

Detariffication (where both Motor and Fire related insurances are going down the free market path) is not exact a bad word but as the industry probe along, people seem to have differing viewpoints and at time some are wondering why are we so jittery about this…. — the industry is already operating its Marine, Miscellaneous Accident, Liability and Engineering classes without much of a problem. Of course they may had forgotten the combined Motor and Fire contributed some 67% of the overall non-life premium for the country; that’s the very reason why the authority is concerned.






The Foreign Grip On Our Insurance Industry

….whatever being the real reason(s), the locals and the foreign lieutenants must learn how best to work efficiently and effectively towards achieving established common goals – it is pathetic when those foreign lieutenants don’t articulate well the strategic and tactical direction for the company, and through it all, consultants after consultants are being engaged to carry out projects after projects that may at the end of the day doesn’t add up….






The risk of “reckless prudence”

“We are so risk adverse that we are requiring levels of capital that are probably beyond what is sensible, and intrusive supervision which I think is not really sustainable,” he added. There has been a very sharp swing of the pendulum post-global financial crisis for the financial system as a whole, he said.






Insurance innovation focuses on claims | a changing frontier

Many activities are stand-alone solutions, process solutions, or simply new ways of approaching a traditional task. Advancements are found in all aspects of the value chain – from location based services being provided at the point of first notice of loss, to photo recognition tools






KARPAL SINGH (1940 – 2014) died in a car accident

Why a great man like Karpal had to died in such manner….? May our great Lord bless his soul and have a place in heaven for him.
A condolence to his family and, Malaysian shall mourn his death for days and months to come.
Farewell. … Our Tiger Of Jelutong, farewell….