Improving through better work culture and efficient & effective operations are the main reasons

An article worthwhile for sharing …. that our General Insurance industry can learn on operational efficiency and effectiveness. Special thanks to Matthew H Tong’s article in Paul Tan’s Automotive News on Better work culture and streamlined operations are the main…

GIC Re’s downgrade adds to Srivastava’s challenges

GIC Re continues to struggle with big underwriting losses and has yet to inspire confidence that its plans for a return to profitability are working. India’s only domestic reinsurer booked underwriting losses of Rs7.2 billion (US$96.2 million) during the past…

Trust Re to leave Labuan, Malaysia and to centralise its operations in Bahrain

Trust Re has announced its strategic plans to centralise all its activities at its head office in Bahrain. The company now looks to implement its restructured operational model which focuses on profitability, cost management and maximising its core strengths. As…

How our insurance regulator responds to covid-19

Part extracted from https://www.vantageasia.com/regional-insurance-regulators-covid-19/ In the wake of the covid-19 pandemic, insurance regulators across the Asia-Pacific have taken measures to provide relief to the insurance sector – both for insurance companies and their customers. Almost all jurisdictions have urged companies…

Is Covid-19 protection gap a big concern for insurers?

The economic impact of Covid-19 (coronavirus) is clearly going to be significant, with global growth in GDP for 2020 now expected, at best, to be only half that of the 3% originally anticipated. Relative to the $86.5trn global GDP for…

E-hailing company’s liability in accidents

In Tea Chew Chin v Grabcar Sdn Bhd & Ors (Sessions Court Suit No. JA-A53KJ-610-10/2018), the Plaintiff was injured when the Grabcar driven by the 2nd Defendant and owned by the 3rd Defendant was involved in an accident. The Plaintiff claims that Grabcar was…