The marine insurance sector is undergoing a period of change. We need to ensure we fully understand the risks our industry is facing and offer products that match these new trends and deliver adequate cover needed.
Category: Large & Specialised Risks
The acronym, LSR is commonly used for large and specialised risks category in the Malaysian insurance market. LSR simply means those risks falling within the Central Bank’s (or Bank Negara Malaysia) circular – JPI/GPI 11, which was issued back in 1993.
Insurance of New Constructed Power Plant

The MAJORITY of new, international power plant and other process types of projects being constructed using unskilled and largely unsupervised construction labor suffer from sloppy workmanship which does not comply with the codes, standards and best industry practices required in the construction contract(s).
Malaysian Airline System (MAS) – Boeing 777-200ER Date of Loss: 17th July 2014
If it is confirmed that the aircraft was shot down then the aircraft hull will be covered by Hull War (Re)insurers. The passenger legal liability would be covered by Liability (Re)insurers….