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
The 44-page report highlights the systematic failure by the government agencies for not assuming full responsibility and exercising the jurisdiction and power accorded to them, details that have been speculated by the public all this while. It was further cemented in strong words by the panel as per item 3.5 of the report entitled ‘Lackadaisical Attitude on Road Safety’: The Panel is deeply….
A German insurance company decided to reward the success of its sales staff in a rather unusual way – with a prostitute-filled orgy. ‘The women wore red and yellow wrist bands. One lot were hostesses, the others would fulfil your every wish. ‘There were also women with white wrist bands. They were reserved for board members and the very best sales reps….
The Mid Autumn Festival, which falls on Sept. 19 this year, is one of Greater China’s biggest holidays and features a lantern festival, the exchange of mooncakes and dining with family and friends while gazing at the harvest moon.
To ensure the holiday is an auspicious one this year, residents of three cities—Shanghai, Guangzhou and Shenzhen — can buy insurance online for 20 yuan (about US$3) and be compensated for up to 50 yuan if clouds obscure moon-viewing between 8 p.m. and 12 a.m. on Sept. 19.
The recent RM150 million claim on machinery breakdown and machinery breakdown loss of profit was another eye opener, especially for the underwriting fraternity and those that involved with reinsurance. The following are some snapshots that may be of interest to…