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Not a good week for the General Insurance industry…. The following PRESS STATEMENT by MyCC said it all! The following is the extract of the Press release: PRESS STATEMENT MyCC ISSUED A PROPOSED DECISION AGAINST PIAM AND ITS 22 MEMBERS…
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What to expect in 2017…. | the General Insurance perspectives
The General Insurance landscape is changing for sure and expected to be more prominent in 2017, although we don’t see this happening much since the start of the initial detariffication phase on 1st July 2016. What would be those prominent…
3 Things Investors Should Know About Malaysian Insurer LPI Capital Berhad
By Lawrence Nga – October 27, 2016 LPI Capital Berhad (KLSE: 8621.KL) is a Malaysia-listed general insurance company that has operations in three countries, namely, Cambodia, Malaysia, and Singapore. Investors may want to learn more about LPI Capital. Here are three useful pieces…
RMS Analysis Reveals the Ten World Ports at Risk of Highest Insurance Loss Due to Catastrophe
This write-up perhaps make good reading if you are travelling and intending to lay your underwriting hands into some part of the global risk pie…. On the first anniversary of China’s Tianjin Port disaster, RMS shows six of ten ports…
Munich Re to change its regional set-up in Asia | Malaysian Branch Closing
The following report is a shocker to the Malaysian insurance industry…. you mean Munich Re, KL branch is closing down? Can’t see the rationale behind! The following is the writeup…. In order to keep pace with the dynamic expansion in…
Putting the D in Direct: Singapore’s New Direct Insurer, FWD SINGAPORE
I find this article written by Singapore Life Blog (Posted on 9 September, 2016 in Insurance Galore by clearlysurly.com) on this new Direct Insurer, FWD SINGAPORE interesting and worthwhile to read ….I am sure we can learn a thing or two about selling online as Malaysia…
Compulsory Liability Insurance from Government P&I Entity Spells Fresh Competition for Hull Insurers
P&I’s goal is to provide marine liability for coverage up to a combined single limit of US$400,000 (RM1.6 million) for ships of less than 300 gross tonnes. The setting up of P&I will further spur the sector’s competitive-ness within the region as well as internationally. Malaysia is ranked among the top 30 trading nations globally. It is also among the top 30 in terms of shipping, with a gross tonnage of 7.3 million, excluding ships of less than 100 gross tonnage and purely domestic ships….
Unusual features of yacht insurance policies | Yacht Insurance Coverage
(An article extracted from http://www.iumi.com/ Yacht to be careful: Unusual features of yacht insurance policies By Edward Waite, Associate, with assistance from Richard Alam, Trainee, Holman Fenwick Willan LLP, IUMI Professional Partner, www.hfw.com Speed read As the shipping downturn continues,…
Get tough on uninsured foreign drivers on Singapore roads
Letters from afar on the Web News & Top Stories at The Straits Times, Singapore…. Three years ago, my car was hit by a Malaysia-registered lorry along the East Coast Parkway towards Changi Airport. Luckily, the whole accident was captured…
Phased Detariffication and Leberalisation of the Non-Life or General Insurance Industry
We heard a lot about the impending detariffication recently, and as with most events that trigger the changing of processes, peoples and products cum services there tend to be instability and misunderstand (of the majority) of the actual change needed…