(Business Times) The executive director of General Insurance Association of Malaysia says the Internet is the ‘new frontier’ in insurance distribution IN A business where having the human touch has worked wonders, insurance agents will soon wake up to the fact that technology will become their biggest rival. The traditional agency force now faces competition ...
Business Times By Rupinder Singh Malaysia’s general insurers have suffered losses from underwriting motor insurance last year, its fifth straight year, a reflection of the high rate of accidents and theft in the country. The losses have also been rising every year for the last five years, said the General Insurance Association of Malaysia (PIAM). ...
(Business Times) ISLAMIC insurer Takaful Ikhlas Sdn Bhd will be banking on demand for its family policies to grow its gross contributions to RM600 million for 2010 and 2011. At the same time, it wants to re-jig its general takaful business to reduce its dependence on motor insurance. The company, a wholly-owned subsidiary of MNRB ...
(Bernama) HONG Leong Bank has launched its first standalone medical plan, Hong Leong Medi Saver, a comprehensive medical and surgical plan. Moey Tan, chief operating officer (personal financial services), said the plan offers guaranteed renewal until the age of 99 and comes with an annual limit of up to RM240,000 and a high lifetime limit ...
(The Star) PUTRAJAYA: Overweight staff of the Health Ministry have been told to shape up. Minister Datuk Seri Liow Tiong Lai said he was concerned with the rise in obesity, a disease described as the “entry point to all sickness”. “I have given instructions for staff with weight problems to lose weight. They must measure ...