Category: Grapevine

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

Hiring the best for the insurance industry | Learning from Google

Leadership – in particular emergent leadership as opposed to traditional leadership. Traditional leadership is, were you president of the chess club? Were you vice-president of sales? How quickly did you get there? “We don’t care. What we care about is, when faced with a problem and you’re a member of a team, do you, at the appropriate time, step in and lead. And just as critically, do you step back and stop leading, do you let someone else? “Because what’s critical to be an effective leader in this environment is you have to be willing to relinquish power.”

Insuring the lackadaisical attitudes of men in authority

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….






5 types of people who never succeed at work | Human Resources Online

They exist in every office. The people who moan, who are afraid of change and who don’t stick around long enough to complete a job. As their boss, colleague or mentor, you are probably annoyed by them every day, but here’s the thing – these people will almost never, ever succeed in their careers….






Doctrine Of Contra – Proferentem In Contracts Law

The need for interpreting a contract can arise in two situations. Firstly, if the Judge or Arbitrator is of that opinion that “a gap is needed to be filled” in order to interpret the Contract and secondly, if she/he believes that “an ambiguity is needed to be resolved” in order to find the correct intention of the contract. The Doctrine of Contra Proferentem is generally applied by the Judges in the later case where a contract appears ambiguous to them. With the passage of time, the Judges have started appreciating the significance






German insurance company held orgy to reward its agents

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….






Latest on PDPA | Malaysia’s Personal Data Protection Act 2010

PDPA insurance

Malaysia has come a long way to finally pass and implement the PDPA after a wait of more than a decade. The PDPA has commercially far-reaching implications and severe penalties in the event of non-compliance. The intent of the PDPA is not to inhibit business but to grow it by giving consumers confidence that their personal data will be protected. Errant data users should bear in mind that it is no longer “business as usual”….






Malaysia ranks 9th in the world with 882 Million Dollar Roundtable members | Life Insurance

MDRT Malaysia has over the years created various channels of improvement for the life agency force and financial advisors nationwide such as mentoring programme, development supporting programme for agents to soar for the MDRT recognition, MDRT Network Channel for MDRT members nationwide to communicate as well as share information and….






Lantern Festival Full-Moon Insurance for Holiday | Malaysia Insurance Online sells

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 implementation of GST in Malaysia | An inevitable part of insurance

The implementation of GST in Malaysia: inevitable and imminent? Here the write-up by Baker & Mckenzie for reading pleasure. Baker & McKenzie Malaysia June 30 2013 From as far back as 2005, the idea of introducing a Goods and Services…

The Press Metal Effect | the underwriting sides of things

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…