Pos Malaysia to dispense Motor Insurance for Malaysia Motor Pool

I am not sure whether this is going to be a reality, ie. the Malaysia Motor Insurance Pool (MMIP) has appointed POS Malaysia to help issue cover for vehicles aged > 10 years citing the public is having difficulties in renewing…

Assignment of Reinsurance securities

Assignment of Reinsurance Securities

I have came across assignment of insurance by the Insured party(ies) to the financier where insurance company is required to acknowledge and confirm certain obligations as prescribed in the assignment of the insurance. I have also had the priviledge of…

Why can’t we insure trailers on standalone basis?

According to the Malaysian Motor Tariff section 6 (Commercial tariff), trailers may not be insured separately. But no one seems to know exactly what this phrase, “…may not be insured separately.” Is this to do with trailer and prime-mover must…

Tracking Insurance eCommerce

insurance e-commerce

Blogging certainly means business as full time bloggers would most likely have to find the time to study materials and various inputs, research if necessary, analyse and put them into writings for insertion into the blogs; and despite all these…

Is Lloyds pulling out from LOFSA?

Our sources told us of an imminent pull-out by Lloyds from Labuan Offshore Financial Services Center and therefore deregistering Lloyds Labuan from the Labuan Offshore Financial and Services Act (LOFSA). Main reason sighted, Lloyds’ members were not accorded the same…

The growing pains of direct premium rebating….

Today the final blow was delivered where the word “members” of Clause 5.3 Inter-Company Agreement (ICA) was deleted after unanimously agreed upon.  This means agents and brokers cannot rebate where insurers are able to; signifying a divergence of focus between…