Topik: Takaful am, The Star on Jan 14th, 2011 Comments Off
Sumber: The Star, 14th January 2011
So serious is the problem that two motor insurance firms closed shop under the weight of fraudulent claims involving millions of ringgit.
Fraudsters are getting smarter and better informed on the inner workings of insurance companies, said National Association of Malaysia Life Insurance and Financial Advisors (Namlifa) board director Ban Hoan Keong.
“Most have contacts in the insurance business network, thus they are able to find ways to take advantage of the weaknesses and loopholes,” he said.
Ban, who has over 20 years’ experience in the insurance field, said there had been cases where the culprits even went to the extent of chopping their fingers as well as faking deaths and exaggerating illnesses.
He added fire and accident claims accounted for some of the common fraud cases.
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Topik: Takaful am, Takaful keluarga, The Star on Dec 20th, 2010 Comments Off
Source: The Star, 20th December 2010
The insurance sector is expected to continue its growth momentum, albeit at a slower pace, with the life insurance business projected to grow by at least 12% next year.
Life Insurance Association of Malaysia (LIAM) president Md Adnan Md Zain said: “With the economic growth projected to be around 5% next year coupled with the recent Economic Transformation Programme initiatives such as the Employee Insurance Scheme, Private Pension Scheme and the Foreign Workers Health Insurance Scheme, we should see the industry topping at a pace of at least 12% in new business sales next year.”
New business sales rose by 19% on a weighted premium basis in the first three quarters of 2010 attributed by a strong performance in regular premium sales which went up by 21% compared with the same period last year. Single premium business, however, registered a small decline of 1%.
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Topik: Takaful am, The Star on Nov 29th, 2010 Comments Off
Source: The Star, 29th November 2010
The Government will speed up the process to come up with a mechanism to provide third party insurance coverage, especially for motor vehicles aged 10 years and above.
Deputy Finance Minister Datuk Donald Lim said the Government realised the difficulties faced by some vehicle owners in obtaining motor insurance.
“Bank Negara Malaysia (BNM) together with the ministry is forming a suitable mechanism to ensure the rakyat has access to motor insurance coverage at an affordable price.
“Discussions have been held with government agencies and the insurance industry from August to September to obtain their support in carrying out initiatives to improve effectiveness and transparency in the motor insurance claim process,” he said.
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