(Business Times) PROTON Dealers Association Malaysia (Peda) said the direct rebate for motor insurance will “destroy” the automotive eco-system, particularly the dealers network. The association warned insurance companies that it will call for a boycott if the proposal is implemented. The proposal came from the General Insurance Association of Malaysia (Piam) and was approved by ...
The Edge KUALA LUMPUR: Hong Leong Assurance Bhd (HLA) is aiming for around RM50 million in premium collection by the end of this year from its latest insurance offering, the Perfect Series of investment-linked plans. The insurance arm of Hong Leong Financial Group Bhd is confident that its life insurance business would register at least ...
CHARLOTTE (North Carolina): Embattled insurer American International Group Inc (AIG) said yesterday it is selling its Japanese headquarters to Nippon Life Insurance Co for US$1.2 billion (US$1 = RM3.50) in cash. The transaction, which would be among the biggest divestitures New York-based AIG has made to reimburse the US government for its massive infusion of ...
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 ...