Tag: Intermediary

Preparing Agents for De-tariffication

I read your blogs with written topics concerning the readiness of our agency force with interest. We can refresh with the following blog materials: How agents are preparing for mandatory motor rebate The growing pains of direct rebating Having been…

Hello! Anyone removing Clause 5.3?

insurance rebate

We have written in our previous post on June 22nd – The growing pains of direct premium rebating…… Looks like no one seems to notice the importance of doing away with Clause 5.3 of the Inter-company agreement on General Insurance…

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…

How agents are preparing for the motor mandatory rebate…..

The last time I wrote, the main issue is on PIAM trying to either delete clause 5.3 of the Inter-company agreement on General Insurance Business or to delete off the word “member” from the said clause. After much deliberation and…

Mandatory Motor Insurance Premium Rebate

The proposed mandatory motor insurance rebating by insurance company is a reality by July this year. However, in the recent PIAM’s proposal to have the member insurers approve the deletion of Clause 5.3 of the Inter-Company Agreement of the General…