(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 [...]
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 [...]
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 [...]
News Straits Times, 2009/09/15, KUALA LUMPUR, Tues: Thousands of cars are plying the roads without valid road tax because their owners are unable to get insurance coverage, according to the Federation of Malaysian Consumers Associations (Fomca).
Its secretary-general, Muhammad Shaaini Abdullah, said that these were owners of cars of more than 10 years old which were [...]
(Business Times, 14th Sep 2009) Singapore life insurance giant Great Eastern Holdings Ltd is putting the final touches to its plans to start takaful operations in Malaysia, with the latest move being the hiring of a top executive to lead the unit.
Sources told Business Times that the insurer had roped in former Prudential BSN Takaful [...]
PRESS RELEASE
For immediate release
Kuala Lumpur, 19 August 2009 – Great Eastern Life Assurance (Malaysia) Berhad’s Director and Chief Executive Officer Mr Koh Yaw Hui informed that as a good corporate citizen with a hundred and one years’ presence in Malaysia, Great Eastern will cover hospitalization claims made by its policyholders, who have been hospitalized due [...]
(The Edge, 21st August) KUALA LUMPUR: Etiqa will pay the claims made by its medical and health plans’ policyholders should they be hospitalised for treatment for H1N1 influenza, with immediate effect.
Etiqa said on Aug 21 the H1N1 influenza can affect everyone physically and also financially, in terms of the medication and treatment.
Its CEO and director [...]
