Category: General

Everything (except PA + Health) in respect of Non-Life cover.

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….

Persatuan GIANTS (Gabungan Insuran Agent N Takaful 1Malaysia)?

insurance agency is perhaps something like this?

  This is interesting piece of news over Harakah Daily, thought of sharing this over here. And, you do read with a SMILE…. will you? At least for the…. 1Malaysia part of “Gabungan Insuran Agent N Takaful 1Malaysia”. This piece…

Sanction Clause putting its claws into the Non-Marine Insurance segments

Talents for the country in the making Sanction Clause on an expansionary mode I have numerous discussions with my reinsurance brokers as well as my lead reinsurer lately, the main subject was on the appropriateness of sanction clause being imposed…

Legalise Illegal Foreign Workers With Insurance Assists

More and more things to do for the insurance industry, but necessary to get more business

348 agents to process illegal foreign workers‘ applications for the purpose of legalising them in a biometric-system-driven programme or Program 6P And the General Insurance companies and Takaful Operators are going to be a part of these 348 agents….. But…

Check your Insurance Policy Jurisdiction | Overseas’ Risks

At times we may be requested to issue a Contractors’ All Risks policy in Malaysia to insure an overseas’ risk, either the risk being an incidental part of the main risk or it is the main risk itself. Usually is…

Violent Forcible Entry or Exit — A Robbery Affair

Macally Air-Alarm1 SecurityMan D.I.Y. Wireless Home Alarm System Kit

Whenever we issue any theft or burglary related coverage it is a norm to have “VIOLENT AND FORCIBLE ENTRY” as a condition before any such loss is covered. Whether you are an insurance consumer or practitioner, including agents it is…

Foreign Workers’ Compensation Scheme | frolicking with the extras….

  Whenever a Malaysia-domiciled enterprise engages a foreign worker, the following types of insurance are compulsory: Foreign Workers’ Insurance Guarantee (or Bond) (FWIG) Foreign Workmen’s Compensation Scheme (FWCS) Foreign Workers’ Health Insurance (taking effect from 01.01.2011)   CEO! You may…

Covering your Pub with Liquor Liability Insurance…..

Searching for Hoegaarden

Thanks God, It’s Friday! That’s what T.G.I.F means…… My friend who had some “happy hours” drinking session, drank one mug too many, rubbed his arm against some chicks’ busts….. then whacked by some weirdos and busted with his face falling…

The simple side of Risk-based Capital (RBC)

Rewriting the Malaysian Risk-Based Capital (RBC) for underwriters and claims handling personnel. A Weblog from the past on RBC framework as seen from the eyes of a General Insurance underwriter…… Compared to the previous solvency margin methodology, this RBC is abit…