Category: Insurance Coverage

Insurance covers concerning Property and Pecuniary classes

Reclassification of PA and Miscellaneous Insurances Tied to or Marketed Together with Motor Insurance

The General Insurance/Takaful Industry have agreed to reclassify PA/Misc. insurances that are tagged/marketed together with Motor Insurance as Motor Product under the paragraph 2.2 of the Phased Liberalisation of Motor/Fire Tariffs. Products like Passenger PA (whether as a package with other miscellaneous coverage or otherwise) and standalone Misc. Accident package tied to Motor Insurance (like the Enhanced Road Warrior) must now be of the Motor class and financially reported as part of the Motor “Others” or Non-Act.

The Post Malaysian GST, An Insurer’s Nightmare? 

After the 1st April 2015’s GST implementation…. perhaps now is the time for the industry to reflect upon what’s next. What’s next is not difficult to guess. The Royal Custom & Excise department is certain to conduct a check if…

The LIAM’s perspective on Sell insurance online

The Life Insurance Association of Malaysia (LIAM) is urging insurance companies to sell their products via online platforms to drive the penetration rate to 75% in 2020 from the current 56%….LIAM president Toi See Jong expressed hope that the companies could establish their own platform by Jan 1, 2017.






The Horses Mouth | The Concept Paper for Detariffication and Liberalisation Roadmap

BNM is not exactly sure how to deal with those queries put forth by the audience. We were not sure if those queries confuse BNM or BNM’s replies having confused the audience; ultimately they think going back to cardinal rule#1, just submit to BNM for us to eye-ball and we shall tell you if those products that were being mentioned were indeed have no infringement of the tariff and the spirit behind this roadmap….






Your Travel Insurance Not Paying For Haze Related Claim?

Two friends were travelling home to Singapore from their holiday in Langkawi when their travel plans were disrupted by the haze. One who had taken out MSIG travel insurance got nothing, while his friend, an Aviva customer, received S$300 in compensation for the delay.






Posting Your Boarding Pass Online? | TPA Travel Insurance

The Borneo Post ran a quick check – using a boarding pass of a local airline – on an online barcode reader site. Using only image of the barcode instead of the whole boarding pass, the programme managed to note the passenger’s full name, travel itineraries including frequent flyer number, flight and seating arrangement. Decoding the barcode only required uploading an image of the boarding pass.






Challenges Ahead for Marine Insurance Underwriters

The marine insurance sector is undergoing a period of change. We need to ensure we fully understand the risks our industry is facing and offer products that match these new trends and deliver adequate cover needed.






Insurance of New Constructed Power Plant

The MAJORITY of new, international power plant and other process types of projects being constructed using unskilled and largely unsupervised construction labor suffer from sloppy workmanship which does not comply with the codes, standards and best industry practices required in the construction contract(s).






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






Malaysian Airline System (MAS) – Boeing 777-200ER Date of Loss: 17th July 2014

If it is confirmed that the aircraft was shot down then the aircraft hull will be covered by Hull War (Re)insurers. The passenger legal liability would be covered by Liability (Re)insurers….