Share Over the past months, I had quite a number of people calling (including emailing) me for information as to how and where to buy insurance for their motor insurance online. Many were complaining of the very expensive premiums that they have had to pay at Malaysia Motor Insurance Pool, MMIP, as well as having been forced by agents to buy extra insurance policies that had nothing to do with the purchasing of the...
Share CEO in Vietnam… on internet insurance millionaire agents Just landed in Hanoi International Airport….. I just woke up to my senses when the airplane finally glided down on the runway with a loud thud, realising that I am now the CEO of VietB Insurance Co Pte Ltd. About two hours later I was seated in front of two senior officers – Vietnamese….., the male officer being the Marketing Manager and the female officer,...
Share STRETCHING THE BUSINESS-REACH GEOGRAPHICALLY – Building on BRICK-AND-MORTAR or Mobile-eCOMMERCE setup, which is more effective? Expanding business reach nationwide is not exactly easy nowadays. With underwriting agents and multi-tier agency models gone since the 1990s, widening the business network has become rather difficult. In the mid 1990s, most insurers worked tactically along simple analogy of opening more branches nationwide in order to extend its reach. In fact, this remained the most important strategy...
Share Last week the Malaysian dailies reported that all online (eCommerce) businesses must be registered with the Companies Commission of Malaysia (or SSM in Bahasa Malaysia)? The dailies further reported that more than 400 online businessmen are being charged in court for not registering their online business. …they were charged under Section 12 (1) (a) of the Registration of Businesses Act 1956 (Amendment 2001) which carries a fine of up to RM50,000...
Share Open Web Asia, 13 & 14 July was some eye-opener for those who are not a techie or a geek… anyway there are not that many non-techies or geekies around either. In summary, the topics discussed were divided into three main tracks: The 2010 OpenWeb Asia schedule Forum on growing Digital in Asia – Overview of Asia Web Industry Forum on the state of Venture Funds in Asia TRACKS Venture Capital & Funding...
Share In 2009, the Malaysian non-life insurance industry had resolved to provide MANDATORY discount on all motor insurance purchased directly from the insurers – the scheme of discounting was such that it would be 5% for the first year of implementation and thereafter at 10%. Thus, come 1st July 2010 and onwards all Malaysian non-life insurance companies would have to allow 10% discount to all INDIVIDUAL customers BUYING MOTOR INSURANCE DIRECT with them. This...
Getting traffic to a brand new blog is a lot easier than you think. This blogging article will explain how to drive traffic to a brand new blog in its first 24 hours.
Share A PROJECT INTO INSURANCE e-COMMERCE FOR AGENTS I attended a function recently, a function where bloggers gather in a drinking place to make a fuss about all sort of things – from slow internet speed, poor paying advertisers, useless software to falling out with girlfriends and so on. Sometimes not too sure what is this OLD GEEK trying to achieve around them! While in the function I met a lady journalist (at least...
Share Just can’t help taking a swipe at MSIG’s recent launch of their RM500,000 GenPage website portal. OMG! Is this some exorbitant show or what! In the days of open source, cloud computing and free templates for website building, why is there a need to create website portal to cage up a group of agency websites? Did I said, “cage” or was it “house”? Ummm… not sure now, looks like cage to me if...
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