Hong Kong insurer ‘to snap up HSBC stake’ in joint venture

FWD, owned by tycoon Richard Li, is starting with a minority stake in HSBC’s Malaysian operation, but has bigger plans 29 AUGUST 2018 – 05:49 Agency Staff Hong Kong/Kuala Lumpur — Hong Kong-based insurer FWD Group has agreed to buy…

Wrestling with managed healthcare

LETTERS Thursday, 31 May 2018 Good read, an letter written to Star I SUPPORT Dr Steven Chow’s views on the medical middlemen, “Cut out the middlemen for better GP care” (The Star, May 25). The concept of managed care originated…

Zurich Malaysia to absorb GST for new policy applications, renewals in May

Faiz Halim @edge Swiss insurer Zurich Malaysia (Zurich Life Insurance Malaysia Bhd, Zurich General Insurance Malaysia Bhd and Zurich Takaful Malaysia Bhd) said today it will absorb the 6% goods and services tax (GST) incurred for new applications and renewal…

Detariffication experience in Asia

Premium rates for motor and fire insurance are regulated or tariffied in several countries. In a tariffied regime, premium rates are controlled, usually for reasons of public policy. Conversely, on the other hand, once detariffied, insurers will be free to…

Motor re/insurers set for disruption as autonomous vehicles become the focus

Autonomous vehicles are likely to be a major disruptive force to motor re/insurers, bringing an expected reduction in the risk pool which would decrease motor premiums and downsize the motor insurance market over the long-term, according to J.P. Morgan analysts.…