Category: Grapevine

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

The x% factor in Incidental Wet Risks as prescribed in the Engineering Proportional

Yesterday’s negotiation seeking the amendments of the “Wet Risks” exclusion wordings draw a flak with the lead reinsurers not giving way…. My intention was basically to get them to agree to the characteristics of wet risks which I have outlined…

Protected: The ISM-NCD enhancement like “Killing us softly with his song”!

There is no excerpt because this is a protected post.

Insuring 1Malaysia, from an Underwriting Perspective

Happy Merdeka or Independence Day (52nd) for Malaysia. This year’s slogan is about living the 1Malaysia concept but can we? Or have we not been doing this for more than 52 years? Since independence we went through much commotions from…

Writing the Malaysian Power Plants… The leader in One-eyed Jack?

power plant insurance losses

A recent very large loss (estimated at RM95.5 million) stemming from damages to a transformer over at a Independent Power Producer (IPP)  GB3 station at Pantai Remis, Perak did raise some eyebrows…. In just about half the calender year of 2009, two major…

Protected: Ex-Top Executives of PanGlobal Insurance charged over misuse of insurance fund…. the first Malaysian Insurance Act – Prosecution! Creativity that brought the downfall?

There is no excerpt because this is a protected post.

Continuous Professional Development (CPD) Guidelines for General Insurance Agents & Staff of Bancassurance Partners – Keeping it simple

lim bee yan

It has been more than 4 years since the guidelines were introduced on 1/1/2005 but it has hardly changed…… 🙄 It has been more than 4 years since the guidelines were introduced on 1/1/2005 but it has hardly changed discounting…

The Pos M’sia factor… Political or Insurers’ own doing?

All insurers writing non-life insurance business in Malaysia are required to take up share in the Malaysia High Risks (unplaced) Motor Pool, now named as Malaysia Motor Insurance Pool (MMIP) during its formative stages; back in 1992. The shares are…

Management Corporation – of insurances and service tax waiver

Over the last one year, there have been pressure from the marketing teams (obviously driven by broking distribution sectors) to push for the waiver of service tax supposedly apply for all insurance policies issued to Joint Management Body (JMB) and Management…

Berjaya Times Square – Summer Street Fest 2009

  Today is the start of Berjaya Times Square’s Summer Street Fest 2009 and will last until Sunday, 26 July. They said is STREET CARNIVAL time, and adding flavour to the three days street festival are strolling buskers and Latin percussionists…

Communication is very important… it is really NOT about language

Over the weekend while having some discussion on the subject of english with my Korean friend, YB Lee from Korean Re, he stressed to me, while having a strong grasp of English Language is important but it is still not…