Tag: Insurance Online for Malaysian Agency

Usage-based Insurance and Telematics

Usage-based Insurance basically utilise telematics data provided by policyholders vide some embedded gadgets in the vehicle or home surroundings to help insurers redefine how premiums are being imposed. The manner the vehicle is being driven or how homes are being monitored or even how policyholder handle their daily affairs where Health Insurance is concerned are important for insurers to better understand the risk as it progresses through time. The starting point of acceptance may still be discounting of premium but safety of love ones and health of policyholders are slowly catching on…. Check the INFOGRAPHIC by Tower Watson in one of their US consumer survey on the use of usage-based insurances….

Insurance Industry in 2014 | A Malaysian Perspectives

Detariffication (where both Motor and Fire related insurances are going down the free market path) is not exact a bad word but as the industry probe along, people seem to have differing viewpoints and at time some are wondering why are we so jittery about this…. — the industry is already operating its Marine, Miscellaneous Accident, Liability and Engineering classes without much of a problem. Of course they may had forgotten the combined Motor and Fire contributed some 67% of the overall non-life premium for the country; that’s the very reason why the authority is concerned.

Insurance Talk Show over at DurianFM.com

http://www.malaysiainsurance.info/wp-content/uploads/2011/06/tell-it-like-it-is-14th-june-11.mp3Podcast: Play in new window | Download | Embed A Podcasting Affair On DurianFM.com….. “Not For Anyone” It is not everyday you get to share your views LIVE over the radio – sharing the various tips and matters of interest…

New Motor Insurance Framework | 1st May 2011 Implementation

ROLLING OUT THE 1st MAY INITIATIVES In a recent meeting between Central Bank (aka Bank Negara) and industry (both conventional insurers and takasul operators) officials, Central Bank has directed the industry to make necessary preparation for a 1st May 2011…

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…

Frustration when buying motor insurance?

Over the past months, I had quite a number of people calling (including emailing) me for information as to how and where to buy insurance for their motor insurance online. Many were complaining of the very expensive premiums that they…

Setting up an extensive branch network to expand business?

Special thanks to - http://healthclub.info-ebazaar.com

STRETCHING THE BUSINESS-REACH GEOGRAPHICALLY – Building on BRICK-AND-MORTAR or Mobile-eCOMMERCE setup, which is more effective? 😎 Expanding business reach nationwide is not exactly easy nowadays. With underwriting agents and multi-tier agency models gone since the 1990s, widening the business network…

All Online wannabes… to register or not with Companies Commission of Malaysia (SSM)?

Last week the Malaysian dailies reported that all online (eCommerce) businesses must be registered with the Companies Commission of Malaysia (or SSM in Bahasa Malaysia)? The dailies further reported that more than 400 online businessmen are being charged in court…

Open Web Asia 2010: Bits and Bytes of Web Tech for the Insurance industry

Open Web Asia, 13 & 14 July was some eye-opener for those who are not a techie or a geek… anyway there are not that many non-techies or geekies around either. In summary, the topics discussed were divided into three…

Motor Insurance Direct Discount – time for agents to reinvent

special thanks to http://www.facebook.com/miiagroup

In 2009, the Malaysian non-life insurance industry had resolved to provide MANDATORY discount on all motor insurance purchased directly from the insurers – the scheme of discounting was such that it would be 5% for the first year of implementation…