Author Archives: admin

• Allianz Malaysia revamps process of selecting panel of motor repairers

  Posted on October 30, 2020 by admin in Corporate News

  Historically, the selection of panel repairers by insurers in Malaysia has been an opaque process. This led Allianz Malaysia Berhad (Allianz Malaysia) to take a more transparent and effective approach in picking its automobile repair service partners. In August, the company departed from the common practice by being the first insurer to hold an open […]

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• Road Transport (Amendment) Act 2020 in force Oct 23, 2020

  Posted on October 27, 2020 by admin in General News

  The newly amended Road Transport Act will come into effect on 23 October 2020 after it has received the commencement appointment date from the Attorney General’s Chambers, says Transport Minister Datuk Seri Dr Wee Ka Siong. “With this, I wish to inform that the Road Transport (Amendment) Act 2020 which carries heavier penalties for traffic […]

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• Allianz keeps out of e-payments as rival acquires Boost

  Posted on July 3, 2020 by admin in Corporate News

  ALLIANZ Malaysia Bhd (AMB) has no plans to enter the e-payments sector but instead will remain aggressive in securing insurtech partnerships. “The answer is no, we have no plans currently in place,” Allianz Life Insurance Malaysia Bhd chief executive officer (CEO) Joseph Gross said at a press conference today. Allianz Life Insurance Malaysia is a wholly […]

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  Allianz Malaysia operating revenue up 10.4 per cent to RM1.48 billion for Q1

  Posted on June 17, 2020 by admin in Corporate News

  Allianz Malaysia Bhd recorded an operating revenue of RM1.48 billion for the first quarter (Q1) ended March 31,2020, an increase of 10.4 per cent or RM140.4 million from last year. The earnings increase was mainly due to higher gross earned premiums and investment income by RM122.7 million and RM17.7 million respectively. However, net profit fell […]

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• Stiffer penalties for all forms of reckless driving, not just drink driving, says Dr Wee

  Posted on June 4, 2020 by admin in General News

  The proposed amendments for stiffer punishments for drink driving will also include other forms of reckless driving, says the Transport Ministry. Its Minister Datuk Seri Dr Wee Ka Siong said the proposed amendments to Sections 41-45 of the Road Transport Act 1987 are mainly related to driving under the influence of drugs or alcohol, and […]

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  Govt mulls RM100,000 fine, 20 years’ jail for drunk driving

  Posted on February 19, 2020 by admin in General News

  The government is studying the need for stiffer penalties for motorists found guilty of driving under the influence of alcohol and drugs, as well as for dangerous driving and causing death, with a fine of up to RM100,000, says Lim Guan Eng. The Finance Minister said besides the fine, the jail sentence for the offender […]

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• 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 […]

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• 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, […]

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• 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 […]

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• 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 […]

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• 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 […]

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• 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) […]

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• 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 […]

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• 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 […]

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• 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 […]

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