(Business Times, 7th November 2009) Insurers and takaful operators have agreed to incorporate into their motor insurance policy a reference point to determine the market value of vehicles.
Last month, both Bank Negara Malaysia and the General Insurance Association of Malaysia (Piam) endorsed Insurance Services Malaysia’s automotive business intelligence system (ISM-ABI).
The ISM-ABI is the only approved [...]
(Business Times, 6th JAN 2010) Captain K.H. Chia says he is resigning on his own accord to pursue his own aspirations and hints that his next move might be in the life insurance segment
Kurnia Insurans (Malaysia) Bhd managing director and chief executive officer (CEO) Captain K.H. Chia has resigned, after just 17 months on the [...]
(Business Times) 10 DEC 2009, CHARTIS Malaysia Insurance Bhd, formerly AIG General Insurance Malaysia, is embarking on a three-pronged strategy to grow its total gross premiums to 7.5 per cent next year, says its top executive.
Chief executive officer Rob Ryan said the company is strengthening its agency force, expanding its branch footprint nationwide and introducing [...]
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[...]
KUALA LUMPUR, Nov 20 (Bernama) — Malaysia Airlines (MAS) is making it easier for air travellers to buy travel insurance online by opening up MHinsure to Malaysians, Singaporeans and Australians.
“With the opening of MHinsure to travellers in Malaysia, Singapore and Australia, we are confident we will see more than 70 per cent growth in premium [...]
Even if you are not the director of the company, your signature on any contracts representing the Company can make you personally liable, under the provision of Section 140 & 354 of the Companies Act 1965.
Provisions indemnifying directors or officers.
140. (1) Any provision, whether contained in the articles or inany contract with a company or [...]
20 October 2009, By BERNAMA
KUALA LUMPUR — Public-private partnerships between the government and insurance players will be essential in providing suitable insurance schemes and developing risk mitigating mechanisms particularly when facing catastrophies, says Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz. With the increasing catastrophies that have been associated with global climate change and [...]
by David Masters (InsuranceDaily.co.uk)
The number of UK motorists deliberately crashing their cars to make fraudulent insurance claims is increasing, the Insurance Fraud Bureau (IFB) warned this week.
‘Induced accidents’, or ‘crash for cash’ accidents, as they are more commonly known, involve a driver deliberately causing a crash so as to profit from fraudulent insurance claims.
After the [...]
(via InsuranceDaily.co.uk) Adventurous holidaymakers have required AXA to revise some of its travel insurance terms to include activities such as Zorbing and Octopush.
With the rise in popularity of experience-based holidays showing no signs of abating, the insurer is reminding holidaymakers that it is essential to have the right level of cover in place before undertaking [...]
The following is some health tips which can be useful for travelers who want to make sure they are physically prepared for their trips:
Medical Advice
Before travel, consult your health professional to discuss:
Itinerary
Duration of Travel
Mode of Travel
Past Medical History
Vaccination Requirements
Pregnancy
Allergies
Medications
Pre-existing Conditions
Disease Prevention
Tips for long distance travellers:
Do frequent leg exercise and take deep breaths regularly while [...]
