Category: Insurance Coverage

Insurance covers concerning Property and Pecuniary classes

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…

Telematics Insurance | Learning from Singapore?

Insurers take advantage of technology to offer motor policies based on usage, driving habits Lorna Tan Invest Editor/Senior Correspondent With technological advances shaping the insurance industry, more insurers and their customers are adopting the so-called usage-based options which set premiums…

Professional Indemnity Insurance for Medical Practitioners will be Mandatory in 2019

Malaysia’s Medical practitioners applying for the Annual Practicing Certificate (APC) must provide proof of cover for Professional Indemnity. Recent regulations pose that effective January 1, 2019, all medical professionals will require this as a mandatory cover in order to practice.…

Government Tables Employment Insurance Scheme (EIS)

The government tabled the Employment Insurance Scheme (EIS) bill to aid retrenched workers with bridging benefits and allowances. It seeks to provide an insurance system for workers who have lost their employments by providing certain benefits and re-employment placement programme.…

What and How do we tackle application fraud?

The following is an opinion article, written by Neil Clutterbuck, chief underwriting officer at Allianz, UK. With fraud adding an estimated £50 to every UK policyholder’s insurance bill, preventing it is a key responsibility for insurers. But while the industry…