Author Archives: admin

• 18-month-old toddler dies after mirror falls on her at Jewel Changi Airport

  Posted on August 26, 2019 by admin in General News

  An example of the need for Public Liability Insurance for all business operators.  One know what can happen, or will happen. SINGAPORE: An 18-month-old toddler died from her injuries on Friday (Aug 23) after a full-length mirror fell on her at a fashion store in Jewel Changi Airport. The incident occurred at Urban Revivo, a Chinese fashion […]

  No Comments. Continue Reading...

• Don’t be careless if you don’t want your vehicle stolen

  Posted on July 17, 2019 by admin in General News

  Always make sure your vehicle is locked and don’t leave it unattended to avoid becoming a victim of vehicle theft, says Bukit Aman. Federal CID director Comm Datuk Huzir Mohamed said not being careless was the most important thing in keeping one’s vehicle safe. “Last year, 35,953 vehicle theft cases were reported involving 26,779 motorcycles, […]

  No Comments. Continue Reading...

• Facebook fined US$5B for privacy violations

  Posted on July 15, 2019 by admin in General News

  Facebook was fined around US$5bil for violations of the FTC’s consumer-privacy rules. This US$5bil fine the biggest privacy-related fine in the commission’s history. Facebook violated a 2011 consent decree with the commission after it was revealed last year that the company improperly shared information on millions of users with now-defunct U.K. political consulting firm Cambridge […]

  No Comments. Continue Reading...

• Cyber resilience in the digital era

  Posted on July 12, 2019 by admin in General News

  In a digitally transformed and hyperconnected business world, all industries are at grave risk of cyber attacks. But a robust risk, insurance and claims management framework could help mitigate the impact Imagine a world where criminals could add fake cancerous cells to an MRI scan to discredit a politician standing in an election or where […]

  No Comments. Continue Reading...

• Unfortunate victim of motor policy

  Posted on July 5, 2019 by admin in About Car Insurance, Insurance tip

  I MET with an accident last week and submitted a no-fault own damage claim against the other party who hit my car from behind. According to the Bank Negara Malaysia motor claim guidelines, I am required to bear the betterment cost, given that my car is slightly more than five years old. I reckon this […]

  No Comments. Continue Reading...

• E-Hailing may face driver shortage

  Posted on April 9, 2019 by admin in General News

  The e-Hailing industry may be hit with a shortage of drivers after the July deadline to comply with the new regulations as these companies foresee between 20% and 50% of their drivers quitting. The Star spoke to several e-Hailing companies who said they expect part-time drivers to quit working as the Public Service Vehicle (PSV) […]

  No Comments. Continue Reading...

• E-Hailing Insurance for E-hailing Drivers

  Posted on April 5, 2019 by admin in what is

  E-hailing drivers must apply for the Public Service Vehicle (PSV) licence from April 1, says the Road Transport Department (JPJ) and they have until July 12, 2019 to do so. Apart from apply for a PSV licence, vehicles used for e-hailing that is more than 3 years will need to undergo inspection test at Puspakom […]

  No Comments. Continue Reading...

• Turning to ombudsman to redress disputes

  Posted on October 31, 2018 by admin in General News

  (The Star) Consumers seeking redress for disputes with their financial service providers (FSP) may turn to the Ombudsman for Financial Services (OFS) instead of going to courts as the only option. The OFS is an independent body set up in 2016 under the initiative of Bank Negara for alternative dispute resolution. It is the first […]

  No Comments. Continue Reading...

• would driving with an expired licence breach your insurance?

  Posted on September 19, 2018 by admin in Insurance tip

  There has been some misunderstanding in this subject matter. Many people thinks that if your driving licence is expired, your motor insurance stop coverage too. This is mainly due to the policy wording in the insurance policy that says: “Unlicensed Drivers – There is no cover under this Policy if You or Your Authorised Driver […]

  No Comments. Continue Reading...
• 

  Would consuming alcohol affect your insurance?

  Posted on August 14, 2018 by admin in Insurance tip

  When you drink, don’t drive! This is the advise to all drivers, it protects you as well as other road users. It is common knowledge that your car insurance will not respond if you get involved in an accident under the influence of Alcohol. No only that, it is a crime and you can be […]

  No Comments. Continue Reading...

• Accident due to using Mobile phone

  Posted on August 6, 2018 by admin in Insurance tip

  Many people know that it is an offend to drive while using mobile phone, yet you will find some many irresponsible drivers talking or checking their whatsapp while driving. Not only will they get fined if caught by traffic police, but their insurance company can decline to accept liability when met with an accident. In […]

  No Comments. Continue Reading...

• What is Financial Mediation Bureau

  Posted on July 24, 2018 by admin in what is

  The Financial Mediation Bureau (FMB) is an independent body set up to help settle disputes between financial services providers such as banks or insurance companies with their customers. For insurance disputes such as claim settlement, or refusal to accept your claim etc, you may seek the service of FMB. FMB is an integrated dispute resolution […]

  No Comments. Continue Reading...

• What is KfK (Knock for Knock)

  Posted on July 18, 2018 by admin in what is

  KFK stands for Knock for Knock. The KFK agreement is signed among all Malaysia Insurance companies whereby all insurers will refrain from exercising their respective subrogation rights against each others, irregardless whose insured party is at fault. Example, an accident occur between Vehicle A and Vehicle B. Vehicle B is clearly at fault, thus, the […]

  No Comments. Continue Reading...
• 

  Allianz General remains the No.1 choice in Malaysia

  Posted on April 18, 2018 by admin in General News

  The general insurance market in Malaysia is competitive with 21 general insurance companies fighting for a RM17.65 billion market. The two largest classes of insurance is the Motor and Fire sector, each taking a market share of 47.1% and 19.3% respectively.  The Motor premiums in 2017 is RM8.32 billion despite the slight drop in total number of vehicle […]

  No Comments. Continue Reading...

• What to do if your car is stolen

  Posted on March 15, 2018 by admin in Insurance tip

  You wake up in the morning and get ready to head to work.  You walk toward your car pouch / parking bay and …… you did not see your car there!!!  The first thing that come to your mind is ” My car is stolen!!” Well, it is natural to get panic.  We would like […]

  No Comments. Continue Reading...