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Life policy owners can no longer be trustees | theSundaily 23 Aug 2013 | 08:44 pm
Under the new FSA, policy owner can no longer appoint himself/herself as the trustee of the policy moneys. In the event no trustee is appointed, the beneficiary (or nominee) who is competent to contra...
Malaysia-Based BEST RE Entities Downgraded 9 Aug 2013 | 05:41 am
Malaysia-based BEST RE entities downgraded and kept on watch on weakened group status and stand-alone credit profile Profile Source: Standard & Poor’s August 8, 2013 Overview | We have revised our v...
The implementation of GST in Malaysia | An inevitable part of insurance 3 Aug 2013 | 10:28 am
The implementation of GST in Malaysia: inevitable and imminent? Here the write-up by Baker & Mckenzie for reading pleasure. Baker & McKenzie Malaysia June 30 2013 From as far back as 2005, the idea of...
The Press Metal Effect | the underwriting sides of things 1 Aug 2013 | 07:10 pm
The recent RM150 million claim on machinery breakdown and machinery breakdown loss of profit was another eye opener, especially for the underwriting fraternity and those that involved with reinsurance...
New enforcement date | Personal Data Protection Act 2010 22 Jul 2013 | 12:11 pm
New enforcement date of the Personal Data Protection Act 2010 has just been announced and it is 16 August 2013. This was as reported by Baker & McKenzie | »Announcements have been made by YB Dato’ Sri...
Issue of foreign students insurance » Agents cry foul over EMGS-AXA link-up 20 Jul 2013 | 07:58 am
Cardinal rule number 1 is that consumers should be consistently provided with more buying options but yet they are put in a position of limited option or no option at all; usually on the pretext that ...
FOREIGN WORKERS COMPENSATION INSURANCE | Some Interesting Statistics 16 Jul 2013 | 05:01 pm
Surprisingly in 2008 there was reported a total of 2.06 million foreign workers registered in the country but here the statistics just show some 50% of that reported numbers. Well… this is despite the...
Insurance Premium Refund under Financial Services Act 2013 10 Jul 2013 | 08:52 am
No doubt about this, in the FSA the refund provision was worded in a manner that policy premium refund is to be paid directly to the policy owner and never under any circumstances be paid or credited ...
The simple sides of the Marketing? 6 Jul 2013 | 05:22 pm
What is marketing and how funny would that be? 1. You see a gorgeous girl at a party. You go up and say: “I am very rich. Marry me! “. – That’s Direct Marketing. 2. You are at a party… Read more →
Hong Kong Insurance Industry, A Globalised Deal 29 Jun 2013 | 07:11 am
It was an experience writing my thoughts while on the plane about to enter into the “jerebu” (aka haze) of Kuala Lumpur. I thought to myself, what did I achieve over the last couple of days running ar...
