Tag: Coverage

The New Motor Insurance Cover – taking a glimpse……..

Judging from the many hits to my previous postings relevant to this topic – 408 hits to blog posting: Difficult buying your Motor Insurance? Try Malaysian Motor Insurance Pool and 271 hits to another: The National Third-Party Bodily Injury Liability…

Piracy-ransom payments not contrary to public policy and recoverable!

piracy affecting marine insurance

The subject of piracy has been the subject of much debate given the numerous hijackings off Somalia and elsewhere over the last 18 months or so.     As far as we are aware, none of these cases have resulted…

The National Third-Party Bodily Injury Liability Scheme…. jumping the gun or what?

I made a very fast, off the cuff comment to a question posted by my reader on the 6 March. After having a coffee,  chit-chat with the other industry practitioners yesterday, I may as well post the comment as a…

Is there really FREE Insurance? And who is paying for it?

Some mainstream news portals recently reported FREE Insurance available to customers….. I just can’t help thinking, “Is there such a thing called FREE Insurance?” Just navigate into the page(s) of the Bernama and Business Times news portal, you probably understand…

FM Global is now a Labuan Offshore Financial Services’ registered reinsurer!

FM Global

FM stands for Factory Mutual – basically FM is a mutual insurance company with headquarter in Johnston, R.I., US. Globally, FM is known as FM Global, to some, it’s FMG. I have came across the FM Global’s Industrial All Risks’…

Old vehicles on third party insurance are costing the insurance industry hundreds of millions annually…. but would converting them to comprehensive helps?

buy insurance for old cars

Performance of old vehicles in a nutshell. It is already common knowledge that old vehicles (≥ 15 years category) in the absence of adequate loading on the tariff gross premium are not writable risks, and especially so where more than…

Sex Insurance, the Product (P1) Concepts

A LESSON ON NEW PRODUCT DEVELOPMENT I would love to move on by starting work on the other 3 Ps – P2 for Positioning, P3 for Pricing and P4 for Promotional but alas I have a friendly reader who insisted…

What do you mean by FRONTING a risk?

fronting the insurance risks

  Having sat in numerous meetings involving discussions on subjects relating to Risk-based Capital (RBC) and Risk Management & Compliance (mainly to do with the BNM’s directive in respect of JPI/GPI 22) I noticed people having differing understanding and opinion…

SEX INSURANCE…. Don’t leave your spouse alone without one!

Sex for insurance and insurance for sex

Lesson on NEW PRODUCT DEVELOPMENT When my boss directed me to come up with a product that must eventually make it as the best selling insurance product of all times, I was bewildered…. by the way he sarcastically thought so…

New Product in the Making… Insuring your Land with Title Insurance?

land Title Insurance

Funny! Why we ought to have some form of insurance protection for our land…but in Malaysia this is the real fact. With the growing number of land scams and increased value of property involved, serious measures, including protection by the law, are…