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Month: August 2022

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Comprehensive Coverage With AIG Malaysia

Aug 25, 2022 by admin

Navigate Life Uncertainties with AIG Insurance

We face many uncertainties as we go through our daily lives. Dangerous incidents could happen unpredictably, and it’s best to be prepared by spending money on a good protection plan. With commercial insurance, you can get a financial safety net if something wrong happens. This is where AIG comes in to get you covered in many ways.

Protection Plans from AIG Malaysia

As individuals living in modern times, we have plenty to take care of — be it the new property we purchase, the car we are driving or our health. Unfortunate events might happen out of the blue, but we might not have the energy and time to deal with them. AIG Malaysia is here to help with various plans for different needs, from home insurance to personal accident insurance,

AIG’s Travel Insurance

Travelling overseas or domestically is an excellent opportunity to refresh and relax, but accidents can disrupt an enjoyable experience. AIG Travel Insurance provides up to RM1 million coverage on medical bills if you suffer from complications requiring medical treatment during your trip. In addition, the plan also covers any COVID-19-related incidents of up to RM700,000.

AIG Malaysia

Home Insurance

Protect your home and your belongings with an insurance plan from AIG Malaysia. With AIG, you can have comprehensive coverage for your home that includes your valuables inside or outside of your house. With this plan, you can also get accommodation expenses following any damage to your home from theft, flash flood, or fire.

Car Insurance From AIG

You face many risks as you travel by car, whether going to work or on a short trip. With AIG Car Insurance, you can get coverage against damage to your vehicle due to accident, fire and theft. AIG also covers your liabilities to another party, such as damage, injury or death to the other party and their vehicle.

Personal Accident Insurance That Progresses With You

With AIG Personal Accident Insurance, your protection plan grows with you as you move on to your next stage in life. Get coverage that includes medical expenses and bills for you as individuals and later for your family members as you grow. Prioritising your convenience, you can talk in person with AIG’s agents or sign up for this plan online.

Do We Need Insurance Plans?

What will happen to you or your loved ones in the face of life uncertainties such as accidents, health problems or natural disasters? It might be challenging to think about, but getting prepared is the best way to alleviate the impact of these unfortunate events. Give you and your loved one peace of mind with insurance coverage from AIG.

Get Comprehensive Protection With AIG Now

Are you already considering a good insurance plan? Don’t worry because AIG insurance has a wide range of protection plans that you need for extensive coverage. Choose a plan for your extended travels, vehicle, home, and even yourself. Find out more about commercial insurance at https://www.aig.my/personal and sign up now.

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Transforming Business Landscape with Facultative Reinsurance

Aug 3, 2022 by admin

Remembering twenty-five years of CAB

The Central Administration Bureau (CAB) was founded in 1995 to facilitate the centralised computerised and internet-based processes by CABFAC and CABCO in making the facultative reinsurance and coinsurance process more efficient for people. Managed with the Malaysian Reinsurance Berhad, CAB Malaysia’s office is positioned in Damansara Altitudes and recognized its 25th wedding anniversary in 2020.

CAB’s Company Construction

The Table and the Procedure Group are the major components of CAB’s organisation structure, overseeing over 70 insurance plan industry stakeholders. The Board consists of a Chairman, a permanent Malaysian Re associate, a PIAM consultant and four supervisory board people. The Assistant (Bureau Manager) administers the Functioning Team, as the Functioning Head directs the Finance plus it Unit.

CAB’s Digitalised Website-Centered Techniques

Reconciliation payment is a substantial issue for the facultative reinsurance and coinsurance industry because it is a period-eating and sophisticated approach. As an option, CAB formed the CABFAC and CABCO, equally centralised internet-based solutions to lower reconciliation problems, enabling on-time settlements and simplifying boasts healing — mutually financed by participants.

CAB Malaysia

Precisely what is Reinsurance?

CAB’s website-structured Facultative Reinsurance Process comprises four units: the offer you element, underwriting element, assert module and revealing module. Additionally, it is the first digital program in Asia for that facultative reinsurance business’s supervision and arrangement. A primary insurance provider acquires coverage to protect their enterprise from a single or even a prohibit of threats.

The CABCO Process

In 2011, an electronic website-centred CAB Coinsurance System (CABCO) was made by Persatuan Insurans Am Malaysia (PIAM) to manage coinsurance deals. Beneath coinsurance, several insurers offer coverage for clientele intending to spread out business threats among multiple functions. The CABCO system involves the assert unit, revealing unit and underwriting unit.

Be Described As A Member to boost Your Organization.

The CABFAC simplifies resolution for facultative reinsurance and coinsurance operations through explicit rules and procedures, supplying unrestricted consumers with access to the portal. Insurance policy and takaful operators spend a 1-off in charge of MYR41,465 and an annual charge of MYR 7,195 with .2Per cent levy fees, whilst brokerages pay MYR1,500 annually MYR50 month-to-month.

Who the Advantages of CAB Professional services?

CAB’s member collection covers widely from insurers & reinsurers, takaful & retakaful operators, brokerages and overseas reinsurers to recognized table participants such as Lonpac Insurance policy and AIG Malaysia. Sign up for a CAB registration if you wish for your business to help from your online-centred system to make more straightforward settlements for facultative reinsurance & coinsurance plan.

Sign-up to become a CAB Participant

The insurance plan business faced rigorous facultative supervision and delays in reconciling monthly payments troubles. As a solution, CAB Malaysia offers a protect electronic online-dependent system to handle reinsurance and retakaful purchases much better. For 25 years, CAB’s professional services have benefitted several organisations — instilling confidence inside the facultative reinsurance and coinsurance sector.