(via The Malaysian Reserve) by Habhajan Singh The central bank’s recommendation back in 2001 to establish prudential risk management standards has contributed to a significant strengthening of the life insurance sector, says the nation’s life insurance body. “Insurance companies are now very adequately capitalised based on the risks undertaken by the companies. “Risk management practices ...
(THE EDGE) KUALA LUMPUR: Rob Ryan, AIG General Insurance (Malaysia) Bhd’s new chief executive officer, has assumed the crucial task of an effective communicator and salesman at a crucial time of the insurance giant’s history. This comes at a time when it is not unusual for market chatter to swirl around the fate of its ...
Via PIAM A DECADE ago, Malaysian car theft syndicates sold stolen vehicles to local workshops, criminals and unsuspecting buyers. Now, they are busy filling the orders of foreign buyers from as far away as Sierra Leone and South Africa. Also involved are people who are not syndicate members, but brokers who match the suppliers to ...
via PIAM CAR theft syndicates are investing in their members by sending them on courses. A source revealed that some syndicate members, especially those on the ground, are sent to Japan for a three-month course to learn about alarm systems and how to disable them. “Japan is the country of choice because it is the ...
By ELAINE ANG (The Star) JOSEPH Lee heaved a sigh of relief in between grimaces. His insurance company will cover all the medical expenses he will rack up due to a spinal slipped disc. For the past two weeks, he has been in a private hospital, suffering excruciating pain after various treatments have failed. Now ...