Category: Insurance Coverage

Insurance covers concerning Property and Pecuniary classes

What do you mean by FRONTING a risk?

fronting the insurance risks

  Having sat in numerous meetings involving discussions on subjects relating to Risk-based Capital (RBC) and Risk Management & Compliance (mainly to do with the BNM’s directive in respect of JPI/GPI 22) I noticed people having differing understanding and opinion…

SEX INSURANCE…. Don’t leave your spouse alone without one!

Sex for insurance and insurance for sex

Lesson on NEW PRODUCT DEVELOPMENT When my boss directed me to come up with a product that must eventually make it as the best selling insurance product of all times, I was bewildered…. by the way he sarcastically thought so…

Performance Bond, Insurance Guarantee and Credit Insurance… Aren’t these also Financial Guarantees?

Over the last couple of years you get questions consistently being posted as to whether performance bond, insurance guarantee and credit insurance granted by insurers can also be categorised as financial guarantee. Conceptually, Performance Bond, Insurance guarantee and Credit Insurance…

Noordin Mohd Top, provocateur in Terrorism Insurance….

The masterful bomber and artful dodger who escaped many attempts to capture him is finally dead! Noordin Top is a Malaysian and his presence in Indonesia helped raise the splinter group of the Jemaah Islamiah (JI) which handed numerous bombings…

McDonald’s Comprehensive IP Infringement (McBlog) Insurance Policy

Move over McDonald’s, you have lost another round of court battle over the prefix of “Mac” and “Mc”. McCurry it is…. ……after a long drawn battle since the case was filed in 2001. The Federal court’s unanimous view is that McDonald’s…

The x% factor in Incidental Wet Risks as prescribed in the Engineering Proportional

Yesterday’s negotiation seeking the amendments of the “Wet Risks” exclusion wordings draw a flak with the lead reinsurers not giving way…. My intention was basically to get them to agree to the characteristics of wet risks which I have outlined…

The Wet Risks Elements in the underwriting of Construction, Erection and Infrastructural Projects

Is the project site on or near any water filled environment? What is the percentage of the contract value that is of wet elements? Does the project has any incidental wet elements or is the whole project being a wet…

New Product in the Making… Insuring your Land with Title Insurance?

land Title Insurance

Funny! Why we ought to have some form of insurance protection for our land…but in Malaysia this is the real fact. With the growing number of land scams and increased value of property involved, serious measures, including protection by the law, are…

AH1N1…. Did the government declare it as a disease requiring quarantine by law?

We have written an article titled “The A H1N1 pandemic…. Is your Health Insurance covering you?” back in June 15 this year describing that AH1N1 is an excluded risk in the Health Insurance policy in any event the government having…

A “little bit all over the place” on Aviation Insurance

I felt sort of  priviledged having experienced underwriting some aviation risks over the last couple of years. So it is a feel good thing for me to pen something about aviation risks…..(by the way, that’s not me!) hopefully getting them in the correct…