Kidnap and Ransom (K&R) Insurance, an unexpected protection against ransomware attacks

The original article was taken from IndiaTimes…. but something that most underwriters are surprised that ransomware threats are claimable under Kidnap and Ransom policy.  The kidnap policies are typically used by MNCs looking to protect their staff in areas where violence…

Insurers Liable for Late Payment of Claims

From today, 4th May 2017, the Enterprise Act 2016 (“the Act”) comes into force in the UK. All insurance policies that are issued, or renewed, from today and that are subject to English law and practice will be subject to the…

Proposed changes affecting the transfer of personal data outside Malaysia

The Malaysian Personal Data Protection Act 2010 (“the Act”) places restrictions on the transfer of personal data outside Malaysia unless it is: to a jurisdiction which has been approved under Section 129(1); or one of the conditions set out in…

20 Things the Most Respected Bosses Do Everyday

Think about the best boss you’ve ever known. Here are 20 things I’ll bet he or she never stopped doing.  By Bill Murphy Jr.  @BillMurphyJr  CREDIT: Getty Images Think about the best boss you’ve ever had. Maybe you’re fortunate, and we’re…

General insurance premium set to go up from April 1

By PTI | Updated: Mar 26, 2017, 07.55 PM IST This is an India thing but it makes good reading considering Malaysia is also implementing the detariffication of our Motor and Fire insurance tariff. India regulators imposed  +/-5% and Malaysia is on a…

Ng Keng Hooi makes Malaysian corporate history

BY DALJIT DHESI   Ng Keng Hooi (pic) made headlines when he became the first Malaysian to helm an international financial services group. He was recently picked to succeed Mark Tucker, another global insurance vateran, as group chief executive and president…