Tag: transport & haulage

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….

2012 New Motor Insurance Premium Framework | Motor Insurance Online

New Motor Insurance Premium Framework | How are your motor insurance premium computed and How much more are you going to pay for your motor insurance in 2012? Get the answers here…. In case you do not know, starting this…

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…

The new (1/1/2009) Institute Cargo Clauses in a nutshell

marine cargo insurance

At the beginning of year 2009, the new ICC Clauses became available to the Market after a two-year consultation process.  The overall result has been to create clearer policies that are more favourable to the Assured than the previous 1/1/82…

Say NO to Motor third party bodily injury and death liability limit of RM2 million…..

The deadline for submitting your protest or suggestions or even arguments over the proposed TPBID mandatory (Newco) scheme is already over. The government has decided, and the new basic third party insurance policy will be sold nationwide come Jan next…

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…

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…

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…