Share Auld Lang Syne 2011 and Happy New Year 2012! We are arriving at the doorsteps of 2012, so Malaysia Insurance Online wishes to thank you guys for faithfully arriving at our site in 2011 and hope you guys would be likewise doing so faithfully for the new year 2012. But, please do it with zest and be active commenting on the blogposting…. as we need feedbacks for further improvement. Taking this opportunity we...
Share Salary Review and Promotion for the Insurance and Takaful Industry – Predicting it for 2012 Reviewing some of my previous writeup on salary increment and promotion, did some serious checks on market salary (+pay package) comparison lately and having gone through an extensive appraisal review recently on staff performance I think I can further add on to what’s to come for the year 2012. And that’s on top of those writeups available over the web currently…. “Do you think a 4% to 7% increment...
Share Insurance Companies and Takaful Operators | In Technology Transformation Project I read K. Ram Sundaram’s article on Why It Is Important To Put Generalists Above Specialists for Your Technology Transformation Project at Insurance & Technology website with interest for I tend to think there are elements of truth to what he had opined in that article. Let me rewrite certain part of his article and perhaps with some of his quotable quotes from the perspectives of my own experience...
Share The PIDM Guidelines 2011 (for Takaful and Insurance benefits Protection System {TIPS} – submission and returns on calculation of premium)…. …..has just been introduced. Except for the issue date of this guidelines that was on 11 March 2011 nothing much was mentioned about the implementation date. Nonetheless the guide did mention about the insurers and takaful operators being obliged to pay up the prescribed premium when due – at least we know the...
Share MSWG simply means Minority Shareholder Watchdog Group I am a fan of MSWG, they are just so down to earth calling themselves WATCHDOG, and of course DOG! For the purpose of this writeup, we wish to write something on Syarikat Takaful Malaysia Berhad’s coming May 5th 2011 AGM. This AGM is scheduled to be held at Dewan Ahmad Ibrahim, Dataran Kewangan Darul Takaful, Kuala Lumpur. If you are a shareholder, do go there...
Share We are on a HEAD HUNTING spree… And you are selected to participate in our INTERNATIONAL YOUNG EXECUTIVE SEARCH programme… Toko Assurance, a non-life insurance company based in Lao is looking to recruit Malaysian to work in Lao, and in Mr. Chan Lek Wei (CEO of TOKO Assurance) own words…. “I wish to inform you that our first preference is recruiting younger executives who would like to have a career in Lao. Depending on their...
Share Energas Insurance (Labuan) Limited (Energas), the Captive Insurer of Malaysian energy giant, Petronas National or PETRONAS was granted an “A” (excellent) financial strength rating from AM Best. A.M. Best Co. has assigned a financial strength rating of A (Excellent) and an issuer credit rating of “a” to Energas (Malaysia). The outlook for both ratings is stable. The ratings reflect Energas’ adequate capitalization, strong reinsurance protection and its unique role as the primary insurance...
Share It is a norm for Warren Buffett to write personally to his shareholder including the minority… And he is pretty direct with his words. This year he released his yearly letter to Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-A) shareholders on Saturday, 26 February. Here’s what you need to know what he thinks about Insurance and how it should be operated…. Insurance float is booming In the insurance business, you collect money up...
Share The Malaysian Personal Data Protection Act (PDPA) was gazetted sometimes on the 10th June 2010 and has since been a subject of intense discussion amongst the insurance practitioners and community – something that many of us would want to talk about but difficult when getting at some viable framework before the PDPA gets implemented. Anyway the exact enforcement date of this Act has yet to be decided but the target is set somewhere...
Share Competition Act 2010 – How much do we know about this? How would its enforcement changes the way the insurance industry currently works? This should not be too difficult if we are to think in terms of DETARIFFICATION of our existing tariff, i.e. Fire and Motor. All we need is to start working towards a gradual detariff process, from now till 1st January 2012, the date of enforcement. Of course the authorities are...
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