Tag: Insurance Agents

Death of the Agency Supporting Marketers Operating in an Insurance B2B Ecosystem 

What exactly is insurance B2B or business-to-business? Simply says, it is about intermediaries (including customer servicing personnel) using a point-of-sales (PoS) online platform to transact insurance requirements for or on behalf of their customers with the insurer(s) (i.e., principal). The…

Foreign Workers Related Insurance Schemes | Pay Extra, Gain Competitive Advantages

Foreign Workers’ Insurance – from Foreign Workers Compensation Scheme (FWCS), Foreign Workers Hospitalisation & Surgical Insurance Scheme (or SKHPPA) to Foreign Workers’ Insurance Guarantee (FWIG)  , they provide a really handsome profit for the insurance industry.  Now, that’s the reason why…

2013 Motor Insurance Premium Rates | What has increased?

The 2013 Motor Insurance Premium Rates are out and there are increases but I do not foresee the premium increase is going to be damaging to the wallet, rather a soft landing for the rakyat and yet enables both insurers…

Agents must complete tasks to earn their commissions in full

Agents must not rely on their principal’s goodwill to help them with part of their tasks (agency obligations to their customers) in delivering devices to their customers. This was highlighted in the following members’circular issued by the Persatuan Insuran Am…

Persatuan GIANTS (Gabungan Insuran Agent N Takaful 1Malaysia)?

insurance agency is perhaps something like this?

  This is interesting piece of news over Harakah Daily, thought of sharing this over here. And, you do read with a SMILE…. will you? At least for the…. 1Malaysia part of “Gabungan Insuran Agent N Takaful 1Malaysia”. This piece…

New Income Tax Rules A Pain For Insurance And Takaful Agents

What you see, you may not know about the new tax ruling

It is no great news for the Malaysian insurance agency fraternity…. More income tax coming your way! As announced in the 2012 Malaysian Budget, the proposed new Section 83A of the Income Tax Act 1967 requires every company making payments…

My Motor Insurance Cancelled Without My Knowledge

Letters to the EDITOR @ New Straits Times I read the following letter with interest, therefore I have to put in some comments…. The following are some main pointers we can zoom into: The policy was cancelled with forged authorisation…

Grab the Malaysia Motor Insurance Pool premium structure

Noticed from the traffic search for “Malaysian Motor Insurance Pool” of “MMIP” has grown substantially over the last couple of months… A total of approximately 8,000 page views over the last 8 months was observed. I thought it would be…

Entertaining the Insurance Distribution Channels

Entertaining our business channels (eg. agents and brokers) is part and puzzle of doing business – this has always been a tradition of sort for most industry and globally recognised as such. In this aspect our Malaysia insurance industry is…

ISM – ABI, a market-valuation connectivity in the waiting?

ISM - ABI

  After Kurnia and ISM announced the ISM – ABI system’s MARKET VALUATION tie-up, which involve integrating Kurnia’s front-end point-of-sales system with ISM – ABI system, my phone(s) were flooded with calls enquiring and query as to why we were…