Tag: Motor Insurance Matters

Who stole my No Claim Discounts meant for my Trailer?

Whenever I met up with agents nowadays, they never failed to complain over decisions that were adopted by the industry recently. Of course, mandatory direct rebate and refusal to write third party cover were some of those but very recently, the agents, especially those writing substantial…

Direct MOTOR Rebating – How does this works?

insurance rebate

The Guidelines in respect of Direct Motor Mandatory Rebate (click on the PDF for details of the Guidelines) can be quite confusing, having confused numerous insurers when it was first implemented on 1st July 2009. Now some critical issues were also…

MyEG Services in “www.myeg.com.my” insurance venture, a path less travelled…

MyEG.com.my

In recent days, My E.G. Commerce Sdn Bhd (including MyEG Services Berhad) and their insurance principals are consistently lambasted with complaints coming from other insurers. Most cited the blatant breach or disregard the existence of General Regulation 33 of the Motor Tariff, Guideline on…

Protected: The ISM-NCD enhancement like “Killing us softly with his song”!

There is no excerpt because this is a protected post.

Insuring the Trailers – according to the tariff

It is mind boggling with the tariff section relevant to TRAILERS. It is very difficult for the Insured to ensure that the insurer insuring their prime mover (“Vehicle”) and the trailer attaching to it must be the same. What if…

The new No Claims Discount (NCD) Mantra

This may or may not be good news for all…. When ISM-NCD system was implemented in 2007, the operating framework was nothing but on a parallel run; one leg with IT platform and the other leg with the usual manual…

Thinking of reconceptualising ISM-NCD database submission?

While reviewing my previous write-up: ISM_NCD system & the future of it….felt something might have crawled into my brain cells….Yep! I think my brain cells are still functioning….after some heavy drinking session! While in the previous write-up, I may have written…

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…

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…