Top Ten 2017 Claims Trend Likely To Impact 2018

2017 will be remembered as the landmark year for digital transformation of claims processing within the property and casualty insurance industry. After all, it was the year we saw the use of drones for home roof inspections, auto appraisals via…

Genetic testing threatens the insurance industry – The gene is out of the bottle

If A genetic test could tell whether you are at increased risk of getting cancer or Alzheimer’s, would you take it? As such tests become more accessible, more and more people are saying “yes”. The insurance industry faces a few…

MyEG loses appeal at the Competition Appeal Tribunal

This case is particularly interesting if we look at it from the aspect of MyEG having imposed different conditions to equivalent transactions in the processing of mandatory insurances…., reinforcing the fact that if a service provider having a dominant position…

As robots advance, up to 5 in 10 Malaysian jobs at risk

This article is taken from the edgeweekly, thought was interesting thinking about what’s going to happen to our industry in the next couple of years…. Fukoku Mutual Life Insurance would make a good example. KUALA LUMPUR: Some 18,000 people who…

Exposure Draft on Outsourcing Arrangements for Financial Institutions

Malaysia October 9 2017 Bank Negara Malaysia (i.e. the Central Bank of Malaysia) (BNM) had on 28 September 2017, issued an exposure draft of the Outsourcing Guidelines (Exposure Draft) to obtain public and industry feedback on the proposed regulatory requirements.…

How Gas Stations Work And The Technology Behind It!

This writeup is a good read for underwriters….  How Gas Stations Work We all use them at least a couple of times a week, but do you really know how gas stations work? A typical gasoline station has a storage capacity of…