Category: BlogTalk

No Claims Discount online – A connectivity-controls issue….

  On 1st July 2010, the nation’s No Claims Discounting (or NCD in short) system has finally gone online. Despite all the grumblings, howlings and discontentment over the forced implementation among various stakeholders, things seemed rather quiet – perhaps for…

An Anniversary of Web-creations and World Cups worth remembering…..

football, soccer and balls

Just got through another year of cyber-rendezvous, and if my memory could still takes me back to the days of 1997 I am sure I would be able to remember the day when I first created a website. The purpose then was…

Trading, wagering, betting, gambling…. an All-in-one-Underwriting

In essence the underwriting process is nothing more than a business game of risk-to-premium trading – where clients trade with the insurers to have their risk of a loss transferred to the latter with the latter getting a premium in…

Healthbase Prescribes Medical Tourism Ensuring Good Healthcare for Americans at All Insurance Levels

Michael Moore’s latest movie, SiCKO, makes clear the present healthcare scene in America. In such a situation, international healthcare providers help Americans by providing them the healthcare they need at affordable costs. Medical tourism, as the practice is called, benefits not only uninsured and underinsured Americans but insured Americans as well. Healthbase offers help to patients going overseas for surgery by saving them money and making accessible services not covered by their insurer.






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…