Share Today is Christmas Eve and I am staring blank into my notebook’s screen….. and I am on leave currently – taking leave from the hustle and bustle of everyday life only to be inspired working on a Christmas-blog! Stucked along the way… I played with some WordPress -related plugins, and discovered “snow storm” by Tribulant.com – you don’t see much of a snow storm anyway but snowflakes coming down this blogsite. Didn’t you...
Share Over the last couple of weeks, again this word, “detariffication” crops up…. and the proposed nationalisation of the Motor Insurance compulsory ACT (third party bodily injury) scheme set to be implemented before end of 2010. Yes! This blog is inclined towards the Non-Life segment again…. There were lots of discussion on issues concerning best practices leading towards the detariff process – from making efforts in trimming down existing rigid clauses, warranties, circulars and...
Share Rewriting the Malaysian Risk-Based Capital (RBC) for underwriters and claims handling personnel. A Weblog from the past on RBC framework as seen from the eyes of a General Insurance underwriter…… Compared to the previous solvency margin methodology, this RBC is abit tricky from operations perspectives so much so underwriters and claims practitioners should acquire a reasonable level of understanding in order to prevent the company from slipping trouble waters. Unfortunately this is not happening for our industry, most if not...
Share Having sat in numerous meetings involving discussions on subjects relating to Risk-based Capital (RBC) and Risk Management & Compliance (mainly to do with the BNM’s directive in respect of JPI/GPI 22) I noticed people having differing understanding and opinion when articulating the subject concerning “fronting” a risk. In this blog I am not too concern with what they think or the academic sides of things but more on what I think from...
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