Category: Insurance Coverage

Insurance covers concerning Property and Pecuniary classes

Wrestling with managed healthcare

LETTERS Thursday, 31 May 2018 Good read, an letter written to Star I SUPPORT Dr Steven Chow’s views on the medical middlemen, “Cut out the middlemen for better GP care” (The Star, May 25). The concept of managed care originated…

Zurich Malaysia to absorb GST for new policy applications, renewals in May

Faiz Halim @edge Swiss insurer Zurich Malaysia (Zurich Life Insurance Malaysia Bhd, Zurich General Insurance Malaysia Bhd and Zurich Takaful Malaysia Bhd) said today it will absorb the 6% goods and services tax (GST) incurred for new applications and renewal…

Detariffication experience in Asia

Premium rates for motor and fire insurance are regulated or tariffied in several countries. In a tariffied regime, premium rates are controlled, usually for reasons of public policy. Conversely, on the other hand, once detariffied, insurers will be free to…

The Aokam and Golden Plus Man, Who Rocked The Market In The 90s

This is not about insurance but about a man who gave his all for better or for the worst. BTW, he was then called the man with that Midas touch….on our share market. I believe he should also be given…

Why Do Liquid-Carrying Trucks Have Cylindrical Shaped Tankers?

You would have often seen oil or water tankers in your city & surroundings and wondered why they are in such cylindrical shape? Why these tankers only have a cylindrical shape but not cubical or some ideal box based shape?…

Marsh executives face criminal complaint in fresh aviation scandal

By Dan Ascher Some of Marsh’s top executives in Asia as well as members of its aviation team are the subject of a criminal complaint in the Philippines after allegedly sharing confidential client information. The men, including Marsh Asia CEO…

Top Ten 2017 Claims Trend Likely To Impact 2018

2017 will be remembered as the landmark year for digital transformation of claims processing within the property and casualty insurance industry. After all, it was the year we saw the use of drones for home roof inspections, auto appraisals via…

Genetic testing threatens the insurance industry – The gene is out of the bottle

If A genetic test could tell whether you are at increased risk of getting cancer or Alzheimer’s, would you take it? As such tests become more accessible, more and more people are saying “yes”. The insurance industry faces a few…

MyEG loses appeal at the Competition Appeal Tribunal

This case is particularly interesting if we look at it from the aspect of MyEG having imposed different conditions to equivalent transactions in the processing of mandatory insurances…., reinforcing the fact that if a service provider having a dominant position…

How Gas Stations Work And The Technology Behind It!

This writeup is a good read for underwriters….  How Gas Stations Work We all use them at least a couple of times a week, but do you really know how gas stations work? A typical gasoline station has a storage capacity of…