Category: Managing

Buzz around the Malaysian insurance industry

We work in the insurance industry where at times rumours and hearsay may travel faster than our pace at work; of course we get the buzz coming from our grapevine, some being rumours and hearsay, but some are definite news…

Foreign Workers Related Insurance Schemes | Pay Extra, Gain Competitive Advantages

Foreign Workers’ Insurance – from Foreign Workers Compensation Scheme (FWCS), Foreign Workers Hospitalisation & Surgical Insurance Scheme (or SKHPPA) to Foreign Workers’ Insurance Guarantee (FWIG)  , they provide a really handsome profit for the insurance industry.  Now, that’s the reason why…

Motor Insurers Bureau of Malaysia

Today I did a email posting on to the wall of this site and I must say, this was indeed a great success. Technology…. I marvel at it! Not forgetting I did blog posting using my android phone, it was…

Best Re at its lowest | Malaysian Insurance Industry affected?

Best Re rating

BEST RE’s FINANCIAL RATING PERFORMANCE POSITION — THE MILLION DOLLAR QUESTION Best Re (Labuan) Ltd. was once a darling reinsurer of the Malaysian insurance industry, especially for the non-life markets. Most difficult risks got placed simply because of the presence…

Agents must complete tasks to earn their commissions in full

Agents must not rely on their principal’s goodwill to help them with part of their tasks (agency obligations to their customers) in delivering devices to their customers. This was highlighted in the following members’circular issued by the Persatuan Insuran Am…

Keeping our data private for the insurance buyers | PDPA

While the Government gets set to enforce the Personal Data Protection Act, all involved should comply with the provisions of the Act now instead of adopting a wait and see’ attitude. Here is the latest news report from Star online:…

New Income Tax Rules A Pain For Insurance And Takaful Agents

What you see, you may not know about the new tax ruling

It is no great news for the Malaysian insurance agency fraternity…. More income tax coming your way! As announced in the 2012 Malaysian Budget, the proposed new Section 83A of the Income Tax Act 1967 requires every company making payments…

Breaching Insurance rules and regulations in the name of profits | Insurance & Takaful Online

Foreign workers insurances

Are you a supporter of insurance regulation breaches or you are already reaping some rewards from supporting those breaches? Some insurance practitioners are so ever willing to breach established regulations just to gain a slice of any premium segment deemed…

2011 Bank Negara Malaysia’s Guidelines & Circulars | Malaysia Insurance News

The importance of buying insurance

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…

Salary Increment in 2012 | The Malaysian Perspectives

Salary Review and Promotion for the Insurance and Takaful Industry – Predicting it for 2012 [ad name=”Google Adsense”] 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…