Life: Greater customer protection and enhancing professionalism

Abbas, Ridwan
March 2015
Asia Insurance Review;Mar2015, p42
Trade Publication
The article focuses on the rules in Malaysia geared towards greater customer protection and enhanced professionalism in the life insurance industry. Rules and related topics discussed are the underwriting of insurance policy, adjustments made to meet standards, the financial growth of the life insurance industry in 2014, increase in the country's penetration, the role of banks in selling insurance products, and potential changes in risk management, compliance and regulations.


Related Articles

  • PROTECTION. Baigrie, Tom // Money Marketing;3/3/2005, p34 

    The article states that the ombudsman has been quoted as warning IFAs to be cautious over sales of income protection. IP is more of a problem than critical illness. IP needs to be sold and explained carefully because it is not as clear-cut as life insurance, because loss of income through...

  • The End Of The Wild West. Duff, Jim // National Underwriter / Life & Health Financial Services;9/1/2008, Vol. 112 Issue 32, p25 

    The author reflects on the regulation of the life settlements market in the U.S. He stated that the best way to ensure that stranger-originated life insurance (STOLI) is prevented and authentic life settlements are available to consumers is to have a consistent and clear regulation. He added...

  • Carriers Say Banks Are Starting To 'Get' Life Insurance. Thomas, Trevor // National Underwriter / Life & Health Financial Services;3/6/2006, Vol. 110 Issue 9, p25 

    The article focuses on the growth of life insurance sales in bank operations. It has been said that life insurance through banks is considered as a real growth opportunity. Some banks are developing an external and internal wholesaling group along with an underwriting and marketing team, which...

  • Life Insurance: Suitability vs. Simplicity. Simms, Craig D. // Best's Review;May2008, Vol. 109 Issue 1, p8 

    The author reflects on effective marketing of life insurance policies in the U.S. through banks. He stated that by offering more than just simplified term policies through the bank platform, the financial industry can offer greater service to middle and upper-middle-income customers. He added...

  • Guardian's Withdrawal Guaranty. Ackermann, Matt // American Banker;2/5/2007, Vol. 172 Issue 24, p6 

    The article discusses a newly introduced guaranteed minimum withdrawal rider with variable annuities, the Lifetime Focus rider, from Guardian Life Insurance Co. According to the company, the rider builds on the previously introduced Lifetime and Spousal AssetAccess riders. An overview of the...

  • MUST GO FASTER. Coffin, Bill // National Underwriter / Life & Health Financial Services;Jan2013, Vol. 117 Issue 1, p20 

    An interview with ING North America Insurance Corp. chief executive officer (CEO) Butch Britton is presented. When asked whether there is more opportunity or challenge in the push to market life insurance, he mentions the impact of the low interest rates to the life insurance contracts. He says...

  • Martin Werth: The protection gap we should be focusing on. Werth, Martin // Money Marketing (Online Edition);9/11/2012, p7 

    The article presents the author's views concerning the protection gap that should be the focus of life insurance companies, in Great Britain. The author states that industry should build trust to make customers believe that they are genuinely valued. According to him, the badges of independence...

  • Lifting a provider curse. Lamb, Carl // Money Marketing;8/29/2013, p25 

    The author reflects on the failure of the life insurance company Aegon NV in implementing effective provider system and control to protect their customer's interests in Great Britain.

  • Average policy size resumes growth. Noonan, Brendan // Best's Review / Life-Health Insurance Edition;Dec93, Vol. 94 Issue 8, p14 

    Reports that the average policy size for new ordinary business has increased in 1992. Differences between stock and mutual life insurance companies; Ten insurance companies which have had average policy sizes above $250,000; Size of average policy in force.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics