Category: Grapevine

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

Google Wants to be in the lucrative Online Motor Insurance

Google already provides auto- and travel-insurance quotes in the U.K., as well as mortgage quotes, and even credit cards. The moves suggest the search giant wants to offer similar services in the U.S., potentially displacing existing middlemen, as it has done in shopping and travel. Google provides its own product-search tools on the Google Shopping website, and increasingly offers specialized flight and hotel booking tools.

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.

The missing Malaysia Airlines flight MH370 | the search continues

6 months later, the search for missing Malaysia Airlines flight 370 continues…. I thought this writeup By David Fickling, at Bloomberg | September 11, 2014 was interesting and worthy of a repeat here, which highlighted the numerous developments and the many difficulties encountered

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

Warning: Stocks Will Collapse by 50% in 2014

“We are in a gigantic financial asset bubble,” warns Swiss adviser and fund manager Marc Faber. “It could burst any day.” ….doesn’t hesitate to put the blame squarely on President Obama’s big government policies and the Federal Reserve’s risky low-rate policies, which, he says, “penalize the income earners, the savers who save, your parents — why should your parents be forced to speculate in stocks and in real estate

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….

Google In Insurance Thought Leadership

Google continues to push forward, moving well beyond its platform for searches, marketing, and advertising and embedding its technology into the lives of every person, gathering new data to use in innovative ways.