via New Straits Times KUALA LUMPUR: Tow truck operators are resorting to violence to get accident victims to use their services. Federal Territory and Selangor Automobile Repairers’ Association president Datuk Ho Yoon Ping said they had been receiving at least two complaints monthly from accident victims, alleging that they were forced to pay off the ...
(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). ...
Insurers seize climate change opportunity with over 600 new products. Report finds number of new climate change and low carbon related insurance offerings doubled last year. by James Murray, BusinessGreen, 03 Apr 2009 The insurance sector is responding rapidly to the opportunities presented by climate change and the emergence of low carbon technologies with a ...
(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 ...