Category: Managing

As robots advance, up to 5 in 10 Malaysian jobs at risk

This article is taken from the edgeweekly, thought was interesting thinking about what’s going to happen to our industry in the next couple of years…. Fukoku Mutual Life Insurance would make a good example. KUALA LUMPUR: Some 18,000 people who…

Exposure Draft on Outsourcing Arrangements for Financial Institutions

Malaysia October 9 2017 Bank Negara Malaysia (i.e. the Central Bank of Malaysia) (BNM) had on 28 September 2017, issued an exposure draft of the Outsourcing Guidelines (Exposure Draft) to obtain public and industry feedback on the proposed regulatory requirements.…

Proposed changes affecting the transfer of personal data outside Malaysia

The Malaysian Personal Data Protection Act 2010 (“the Act”) places restrictions on the transfer of personal data outside Malaysia unless it is: to a jurisdiction which has been approved under Section 129(1); or one of the conditions set out in…

20 Things the Most Respected Bosses Do Everyday

Think about the best boss you’ve ever known. Here are 20 things I’ll bet he or she never stopped doing.  By Bill Murphy Jr.  @BillMurphyJr  CREDIT: Getty Images Think about the best boss you’ve ever had. Maybe you’re fortunate, and we’re…

Regulations to revamp Malaysia’s life sector (A Zurich viewpoint) 

By Monira Matin Malaysia’s life insurance industry, traditionally dominated by agency business, is set to see “rapid changes” once the country brings wide-ranging regulatory measures, according to Philip Smith, chief executive of Zurich Malaysia Bhd. The insurance regulator Bank Negara Malaysia…

Messy People: How Disorder Can Contribute to Success

​This has nothing to do with insurance but being a messy person that I am, this seems to be a piece of good news, the very reason why this is posted here….  MIC LISTEN TO THE PODCAST: Author Tim Harford explains…

10 Years of De-Tariffication in India

This article was written by one, Ayush Jain to mark the 10th year of detariffication of the non-life insurance in India, quite timely though if we read this from the Malaysian perspective…. Ironically, despite suffering bad underwriting results year in…

The Post Malaysian GST, An Insurer’s Nightmare? 

After the 1st April 2015’s GST implementation…. perhaps now is the time for the industry to reflect upon what’s next. What’s next is not difficult to guess. The Royal Custom & Excise department is certain to conduct a check if…

The Four Key Disciplines For Reinsurers

Berkshire is far more conservative in avoiding risk than most large insurers. For example, if the insurance industry should experience a $250 billion loss from some mega-catastrophe – a loss about triple anything it has ever experienced – Berkshire as a whole would likely record a significant profit for the year because of its many streams of earnings. We would also remain awash in cash and be looking for large opportunities to write business in an insurance market that might well be in disarray. Meanwhile, other major insurers and reinsurers would be swimming in red ink, if not facing insolvency.

Euler Hermes downgrade Malaysia: Credit Default Swaps (CDS) on the rise

After being one of the top performers in ASEAN in 2014, cost of insuring Malaysian sovereign debt has risen the most this year compared benchmarked to its ASEAN peers as state investor 1MDB’s financing woes grew and concerns deepened about the prospects for the net oil exporter’s petroleum revenues.