Everything (except PA + Health) in respect of Non-Life cover.
Share 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 in NON-MARINE related treaty reinsurance. Treaty reinsurers are now pushing hard to have the clause inserted into all non-marine treaty. Currently most if not all MARINE related treaty programmes are imposed with Sanction...
Share 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 is this a strategic move for the industry? First of all, isn’t this some BREAKING NEWS for the industry? Or you are asking me…. “You mean the insurers are now able to provide...
Share 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 more incline to the latter. Under such circumstance, it is important to take note of the policy jurisdiction from two aspects as it is normal for underwriters to forget about section II in...
Share 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 paramount important that you have a good grasp of what is deemed violent and forcible entry into or out of the specified premises — and this condition of cover is very commonly found...
Share 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 be caught in between and guess what? Without you knowing it! In the context of this posting rather than explaining what these coverage are all about we shall focus on the “…..frolicking...
Share 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 first into the urinal? I saw him lying in this embarrassing position – sorry, Jack, need this snapshot for my blog! Anyway, he was alright, not too bad, at least his face was...
Share 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 tricky from operations perspectives so much so underwriters and claims practitioners should acquire a reasonable level of understanding in order to prevent the company from slipping trouble waters. Unfortunately this is not happening for our industry, most if not...
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