Tag: Motor Insurance Matters

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…

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…

The ISM-NCD System and the future of it….

While it was recognised as a good attempt by ISM (or Insurance Services Malaysia in case you do not know) to introduce Information Technology innovation in shaping how the non-life insurance industry administer and managing the No Claims Discount (NCD)…