Oil & Gas, Independent Power Producers (IPP), Aviation, Marine Hull, Liability Products involving Product Liability, Professional Liability, Directors & Officers Liability, Errors & Ommissions, Medical Malpractice, Project Professional Liability, …….
Share Lesson on NEW PRODUCT DEVELOPMENT When my boss directed me to come up with a product that must eventually make it as the best selling insurance product of all times, I was bewildered…. by the way he sarcastically thought so highly about me! Is there such an insurance product? Where am I to find or rather discover there is such a product? Peoples nowadays don’t give much thoughts on insurance except when they...
Picture1.emf (6 kB)
Share Yesterday’s negotiation seeking the amendments of the “Wet Risks” exclusion wordings draw a flak with the lead reinsurers not giving way…. My intention was basically to get them to agree to the characteristics of wet risks which I have outlined in my blog of date 29 August 2009 – reiterating here in the following manner: All “Wet Risks” are defined as follow and are deemed excluded from the treaty coverage: Risks attaching to...
Share Is the project site on or near any water filled environment? What is the percentage of the contract value that is of wet elements? Does the project has any incidental wet elements or is the whole project being a wet risk? Looks like this underwriter is making himself an impediment in the negotiation process. But we just can’t blame him for hassling the broker, agent or client for more information as “Wet risks and Incidental...
Major-PP-Claims-2006-2Q2009.pdf (18 kB)
Share Funny! Why we ought to have some form of insurance protection for our land…but in Malaysia this is the real fact. With the growing number of land scams and increased value of property involved, serious measures, including protection by the law, are urgently needed to overcome the problem. The direct result of the federal court’s decision in Adorna Properties Sdn Bhd vs Boonsom Booyanit is where a landowner can lose his land eventhough he holds...
Share 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 the 1994’s objectives of developing a healthy and responsive Malaysian insurance industry by enhancing the level of technical expertise and professionalism prevailing in the industry, but at the same time ensue optimum retention...
Share The corporate Governance Index (CGI) was launched on Tuesday by both the Minority Shareholder Watchdog Group (MSWG) and Bursa Malaysia. The objective is to provide some reliable gauge for investors to rate local public listed companies based on their level of adherence to globally accepted corporate governance standards. Companies will be rated based on conformance, performance and engagement in regards the various level of compliance to the exchange’s listing requirements including disclosure standards...
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