Category: Managing

MyEG Services in “www.myeg.com.my” insurance venture, a path less travelled…

MyEG.com.my

In recent days, My E.G. Commerce Sdn Bhd (including MyEG Services Berhad) and their insurance principals are consistently lambasted with complaints coming from other insurers. Most cited the blatant breach or disregard the existence of General Regulation 33 of the Motor Tariff, Guideline on…

Referral Risks and Declined Risks…. What are these?

Your boss gave you a list containing “Referral or Referred” risks 😕 with specific instruction that your agents cannot accept them but to make referral to you. You would have to assess whether you have the authority to accept such…

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…

Insuring 1Malaysia, from an Underwriting Perspective

Happy Merdeka or Independence Day (52nd) for Malaysia. This year’s slogan is about living the 1Malaysia concept but can we? Or have we not been doing this for more than 52 years? Since independence we went through much commotions from…

Protected: Ex-Top Executives of PanGlobal Insurance charged over misuse of insurance fund…. the first Malaysian Insurance Act – Prosecution! Creativity that brought the downfall?

There is no excerpt because this is a protected post.

LSRs’ Scheme Managers? Have you screened the policy wordings today?

Since the Large and Specialised Risks (LSR) Scheme was introduced in 1994, Scheme managers have continually displayed increased flexibility in screening the insurance coverage for LSRs as adopted by the leading insurer and the broker. This is in line with…

Seriously! Captive Insurance – A Foe or Friend?

Risk-based Capital (RBC) framework has taken effect since 1st Jan 2009. With all Captive insurers (“Captives”) registered under the Offshore Insurance Act (OIA, 1990) having no approved financial strength rating (fsr), it is difficult to see how “Captives” can generate interest among…

Communication is very important… it is really NOT about language

Over the weekend while having some discussion on the subject of english with my Korean friend, YB Lee from Korean Re, he stressed to me, while having a strong grasp of English Language is important but it is still not…