As has been made public last year, the motor insurance industry in Malaysia is heading towards the eventual removal of tariffs, with full market liberalisation to come in 2019. The move will have a huge impact on things for everyone – find out how you will be affected in this article, done in partnership with AIG.

In the automotive world, it’s a major shift, because one won’t be paying for motor insurance on a fixed price basis as is the case now. Currently, motor insurance premiums for comprehensive coverage are determined by a regulated tariff, based on fixed factors such as the sum insured, vehicle model, age and engine capacity.

As such, consumers in Malaysia have been paying a fixed price for their motor insurance, no matter which company they buy that insurance from. Purely based on the set factors mentioned above, all insurance providers will offer the same price for your vehicle comprehensive insurance.

That will soon change, with the roll out of motor insurance liberalisation starting from July 1, 2017. With a liberalised market, fixed insurance premiums based on set tariffs and price lists will be a thing of the past in Malaysia.

Instead of relying purely on the overly simplistic set factors above, your own risk profile will also be taken into account in the new liberalised market. Essentially, you could pay less – or more – to insure your ride, depending on a number of new factors (detailed below).

This also means that theoretically, no two insurers will have identical pricing for a motor comprehensive policy. With a liberalised market, consumers will have the ability to shop around and compare motor insurance products with different prices and value added items.

 

It’s going to eventually be a very open and highly competitive marketplace, and perhaps a little confusing at the start. In partnership with AIG, we ran a quick survey on paultan.org to find out how much you may know about motor insurance liberalisation.

We had over 4,400 respondents within a week – thanks again for that, very much appreciated – and the statistics are quite interesting: while only 42% of respondents are aware that motor insurance is currently a tariffed product in Malaysia, up to 83% think motor insurance liberalisation will have an impact on their next motor insurance renewal.

This is quite telling, really. While the exact details and parameters of the market liberalisation – whether at the starting stage or full-on detariffication when it comes – have not been made public just yet, motorists are pretty much aware that there is a big change coming, and that it will make a difference on how they choose insurance providers.

Why and how will it change your decision making?

 

Unsurprisingly, 89% of the survey respondents will choose the insurer that offers the most competitive pricing and value. What Malaysians deem as competitive pricing will be an interesting space to watch. Clearly, while price is a determining factor for most consumers, it is equally clear that research will be a key activity before a buy decision.

That in itself is a big change from the current system. Under a tariffed market, your insurance premium will be the same regardless of your preferred insurance provider, as explained above. For the same vehicle (identical sum insured), plus identical add-on products, you’ll pay the same amount wherever you go.

That won’t be the case once market liberalisation kicks in. Insurance providers will then have a more open market to play with – to offer more affordable packages, or to include additional product coverage to be more attractive than others. Motorists can then shop around to find the ideal provider, based on both price and product offerings.

Research is key, and good drivers will be rewarded

 


This leads nicely to the second most popular answer: 86% of respondents will research on what each insurer has to offer before making a decision. Something that was not really necessary before, this will now be more important to get exactly the plan that you want. One insurance provider may be more affordable, but others may offer better product coverage – the choice is ultimately yours.

Next, 69% said that they will choose the insurer that rewards them for their good driving. This will be more than the simple No-Claims Discount (NCD) system that is currently in effect. Insurers may offer more rewards for those with better driving records than others.

The liberalisation of motor insurance is targeted at improving safety on the road, incentivising good risk management and inculcate safer driving habits. This will reward good drivers with no history of claims or reckless driving – a good driving record improves your risk profile, so it makes sense for you to pay less.

Top factors for choosing insurance provider

 

As for the top factors that respondents would consider when purchasing motor insurance in a liberalised market, the top choice, with 89% choosing this, is again, competitive pricing. As mentioned above, proper research and good driving will get you the best prices.

Second, though, is guaranteed claims approval within three days for claims (with cost of repair below RM5,000). Speed is almost as important as pricing, it seems, and insurance providers with the best turn-around time in the approval of motor claims will be the preferred choice among motorists.

Third in the list is rewards and discounts for loyal customers. If you’ve used the same insurance provider for years and years, should you get loyalty discounts? Well, while it would not have been possible before, in a liberalised market, that will be entirely possible. Should a provider have such loyalty offers, that may even influence you to stick to the same company come the next renewal time.

Motor insurance purchase/renewal – now available across multiple platforms

 

Speaking of researching, a liberalised market should bring about a big shift in how motorists purchase their motor insurance policies. As expected, 41% of our survey respondents still rely on insurance agents for insurance premium renewals, while 25% visit insurance provider branches. A significant amount do it online: 18% through the insurer’s website, and just six percent through third-party websites.

With research being such a vital step in choosing the right insurance policy, it will be doubly important for providers to have an efficient customer service (be it a call centre or the front counter) as well as having all the necessary information readily available through various platforms (physical outlets, website or via agents).

Motor insurance purchase and/or renewal will become easier than ever, with multiple platforms available to the consumers: online, walk-in service and agents. Insurance providers with experienced agents will surely have an advantage here, in being able to explain and offer a customised insurance policy that is ideal for you. Ease and convenience is another important factor, of course, such as being able to do an instant renewal online, complete with road tax renewal and delivery.

In short – how this will affect you and how you can benefit from it

With insurance providers offering different pricing, products, offers and customisability, savvy motorists wanting to get the best deals and the ideal coverage package will have to shop around between insurance providers, before choosing their preferred company. As always, the end-user will benefit the most from an open and highly competitive marketplace.

Motor insurance prices will no longer be fixed – other than the sum insured, engine capacity and the age of vehicle, premiums will soon be driven by other factors, including your own driving behaviour and record, the safety and security features in the vehicle and even where it is parked (avoid areas with higher incidents of theft).

In essence, you’ll have a more direct control over your motor insurance premium – lower your risk profile and you’ll pay less, and you can purchase insurance policies that suit your lifestyle and risk exposures better (with new and differentiated products tailored to your needs). Put simply, you’ll have more control over what you pay for.

On the whole, you can expect insurance providers to offer more innovative products, smoother and more efficient services and fairer (taking into account broader risk factors and driving experience), more competitive pricing with the liberalisation of the motor insurance market.

So dear readers, do let us know your thoughts and wishes for the upcoming liberalised motor insurance market in Malaysia. This article was done in partnership with AIG.

Source :- https://paultan.org/2017/05/09/motor-insurance-liberalisation-how-will-it-affect-you/

IN the report “Of values and water” (Sunday Star, June 11), Datuk Roger Tan, who recently retired as a National Water Services Commission (SPAN) commissioner, said the Water Industry Fund (WIF) and Sewerage Capital Contribution Fund (SCCF) should be free to manage their resources.

 

He also said the role of the WIF is to protect and preserve watercourses and water catchment areas, ensuring sustainability of water supply, and to improve water quality as well as provide water and sewerage services in rural developments.

 

The SCCF is a similar fund for the sewerage sector and currently stands at about RM1.5bil. These entities are controlled and operated by SPAN.

 

But managing these substantial funds will only distract SPAN from its original function as a regulator, implementing and enforcing the water supply and sewerage services laws in Peninsular Malaysia and the Federal Territories of Putrajaya and Labuan.

 

I fully agree that the WIF and SCCF should not be under SPAN.

 

They should instead be placed under the Energy, Green Technology and Water Ministry, which should have better understanding of the needs of the funds.

 

PROF DATUK DR MARIMUTHU NADASON

 

President

 

FOMCA

 

Source : 23 June 2017 The Star

http://www.thestar.com.my/opinion/letters/2017/06/23/funds-for-water-industry-should-be-managed-by-ministry/#euSkhgpmF29QECiM.99

MERUJUK data kemalangan Institut Penyelidikan Keselamatan Jalan Raya Malaysia (MIROS), kemalangan jalan raya semakin meningkat dari tahun ke tahun selari dengan pertambahan populasi negara.

Sebagai contoh, pada 2014, dengan populasi negara 30.3 juta, jumlah kemalangan jalan raya ialah 476,196.

Pada 2015 pula, dengan populasi 31.2 juta, jumlah kemalangan ialah 489,606. Pada tahun lalu pula, jumlah kemalangan ialah 521,466 dengan populasi 31.7 juta. Jadi, apakah cara untuk mengurangkan jumlah kemalangan ini?

Kita sedia maklum bahawa pihak kerajaan menguatkuasakan Sistem Keselamatan Kesedaran Automatik (AWAS) dan Sistem Pemberian Mata Demerit Kesalahan Jalan Raya (KEJARA) pada 1 April. Namun begitu mengapa kemalangan yang berpunca daripada kecuaian pemandu semakin menjadi-jadi tahun ini?

Sebagai contoh, isu kereta yang dipandu secara menentang arus di lebuh raya yang merempuh kereta orang yang tidak bersalah sehingga menyebabkan kematian. Ada juga kes kereta yang berhenti untuk masuk persimpangan jalan dirempuh, menyebabkan kematian pasangan suami isteri.

 

Disebabkan kecuaian pemandu, anak mereka menjadi yatim piatu sekelip mata. Kemalangan sedemikian boleh dielak jika pemandu memandu secara berhemah.

KUALA LUMPUR: Orang ramai yang akan pulang ke kampung masing-masing sempena perayaan Aidilfitri minggu ini dinasihatkan mematuhi undang-undang jalan raya bagi mengurangkan kadar kemalangan.

Naib Pengerusi Kanan Yayasan Pencegahan Jenayah Malaysia (MCPF), Tan Sri Lee Lam Thye, berkata analisis Polis Diraja Malaysia (PDRM) menunjukkan 95 peratus daripada kemalangan berpunca akibat kecuaian pengguna jalan raya sendiri.

Katanya, setiap pengguna jalan raya yang ingin memulakan perjalanan jauh wajar merancang perjalanan mereka supaya dapat tiba ke destinasi dengan selamat.

 

"Selain mematuhi undang-undang, mereka (pengguna jalan raya) tidak sepatutnya meneruskan perjalanan jika rasa letih atau mengantuk.

Sekumpulan penyelidik Universiti Putra Malaysia (UPM) berjaya menghasilkan inovasi teknologi hijau mampan dengan mentransformasikan sisa pertanian atau biomas kepada arang hijau (bio-arang) melalui sistem microwave yang dapat dimanfaatkan oleh pelbagai industri dalam usaha mengurangkan pencemaran gas rumah hijau (GHG) serta kebergantungan kepada sumber kurang mampan.


Berbanding proses konvensional terdahulu, inovasi Biomass Microwave Carobanizer (BMC) yang diterajui oleh Prof. Dr. Azni Idris dari Jabatan Kejuruteraan Kimia dan Alam Sekitar, Fakulti Kejuruteraan menawarkan kaedah pengeluaran bio-arang berteknologi bersih menggunakan kaedah pirolisis (pembakaran tanpa oksigen) dengan bantuan teknologi microwave melalui proses pembakaran lima kali lebih cepat serta 63% penjimatan tenaga di samping kadar pengurangan 70% pelepasan karbon.

 

SEREMBAN: Ancaman serangan siber ''Ransomware Wannacry'''' yang melanda seluruh dunia termasuk England baru-baru ini, sudah pasti membuatkan ramai pihak berfikir adakah selamat simpanan data dibuat dalam talian.

Ancaman terhadap sistem komputer tersebut menyasarkan organisasi sama ada kerajaan atau syarikat perniagaan serta pengguna internet individu di mana impaknya akan mengakibatkan kehilangan sementara atau kekal sesuatu maklumat, data sensitif dan sulit sehingga menjejaskan operasi sesebuah organisasi.

Dalam dunia tanpa sempadan, revolusi teknologi yang bergerak pantas hari ini ''memaksa'' masyarakat dunia meraikan kemajuannya dalam segenap aspek kehidupan dan cara kerja termasuk pengurusan rekod peribadi atau organisasi dalam talian.

Jika dahulu, pengurusan rekod sama ada individu atau organisasi lebih kepada kaedah konvensional iaitu didokumenkan menggunakan kertas, namun kini beralih arah kepada sistem pengurusan elektronik yang lebih efisyen dan mesra alam sekitar.

Pensyarah Kanan Pusat Pengajian Pengurusan Rekod, Fakulti Pengurusan Maklumat, Universiti Teknologi Mara (UiTM) Kampus Puncak Perdana, Shah Alam, Mohd Nizam Yunus ketika mengulas mengenai ancaman ini berkata risiko paling besar dihadapi oleh pengurusan rekod pada masa kini ialah ancaman aktiviti penggodaman.

"Ini (ancaman penggodaman) sudah tentu akan menyaksikan bahawa data dan rekod berada dalam keadaan tidak selamat. Selain digodam, organisasi perlu membayar kepada penggodam untuk melepaskan data mereka dari cengkaman penggodam. Ini menunjukkan bahawa data dan rekod yang disimpan secara elektronik boleh diceroboh.

SYDNEY: Kajian mendapati kebanyakan orang mengambil lebih banyak garam dalam diet mereka, dengan peserta satu kaji selidik didapati mengambil lebih 33 peratus garam daripada yang mereka sangkakan, sekaligus meningkatkan risiko berlakunya penyakit kardiovaskular, lapor agensi berita China Xinhua.

Profesor Madya Dr. Jacqui Webster dari Institut George untuk Kesihatan Global memberitahu Xinhua, kajian dibuat di bandar Lithgow, Australia dengan 400 peserta kaji selidik diperiksa selepas mengambil makanan dalam jangka masa 24 jam.

Menurut Webster, selepas melakukan ujian air kencing terhadap peserta, pihaknya mendapati mereka mengambil sembilan gram garam setiap hari, sedangkan mereka menyangkakan hanya mengambil sebanyak 6.8 gram garam, dan data ini juga selari dengan keputusan kaji selidik yang dilakukan di tempat lain.

"Itu yang menarik tentang kajian ini, kaji selidiknya dilakukan di Lithgow namun kami juga membandingkan data yang diperolehi dengan data  Tinjauan Kesihatan Australia.
"Berdasarkan kaji selidik pemakanan yang dilakukan di Lithgow dan Tinjauan Kesihatan Australia, keputusan yang diperolehi hampir sama," katanya.

Perkara ini berlaku mungkin disebabkan garam dilabel sebagai sodium di beberapa negara, termasuk di Australia, dan menurut Yayasan Jantung Australia, bagi memperolehi jumlah sebenar garam dalam makanan ialah dengan menggandakan jumlah sodium sebanyak 2.5, yang mewakili jumlah garam yang terdapat dalam makanan.

Menurut Webster, hal itu mungkin mengelirukan pengguna namun di beberapa tempat seperti di United Kingdom, label garam turut ditandakan dalam produk makanan mereka.

"Ada hujah yang menyatakan di United Kingdom, mereka turut melabel garam kerana kebanyakan orang lebih mengenali garam berbanding sodium," kata Webster.

One of the most common questions parents ask pediatricians is how much 100% fruit juice they should give their children. A new AAP policy recommends some children should be consuming less juice than previously advised.

An AAP policy statement published in 2001 and reaffirmed in 2006 recommended no juice for children younger than 6 months of age, 4-6 ounces daily for children ages 1-6 years and 8-12 ounces for children 7 and older. Since then, however, considerable concern has been expressed about increasing obesity rates and risks for dental caries.

Lower daily intakes

The Academy’s new policy Fruit Juice in Infants, Children and Adolescents: Current Recommendations builds on the original but considers the evidence released since then. The new advice indicates that fruit juice should not be provided to children younger than 1 year of age unless there is a strong clinical basis for it in the management of constipation. For older children, maximum daily intakes of 100% juice products should be 4 ounces for children ages 1-3 years, 4-6 ounces for children ages 4-6 years and 8 ounces for those 7 and older.

The policy, from the AAP Section on Gastroenterology, Hepatology and Nutrition and the Committee on Nutrition, is available at https://doi.org/10.1542/peds.2017-0967 and will be published in the June issue of Pediatrics.

Dengan adanya pasaran daripada sektor pengangkutan tempatan yang menawarkan permintaan 59 peratus bahan api fosil, diikuti sektor industri (35 peratus), maka industri biodiesel berasaskan minyak masak terpakai (waste cooking oil atau WCO) wajar diperkasa apatah lagi dengan adanya permintaan purata diesel ketika ini tumbuh sebanyak 4.1 peratus setahun.

Kejayaan Universiti Tenaga Nasional (Uniten) itu berpotensi sebagai pengganti kepada diesel yang disulingkan bagi pengguna industri diesel seperti marin, penjana kuasa mudah alih dan penerbangan dan pada masa ini tidak ada teknologi seumpamanya atau produk sedia ada di pasaran.

Lebih menarik, biodiesel seumpama itu merupakan sumber yang sentiasa tersedia kemampuannya sebagai pengganti diesel tanpa perlu perubahan kepada enjin selaain mesra alam dan bersifat boleh diperbaharui.

Justeru pihaknya yakin projek pembangunan Program Biodiesel WCO itu akan memberi impak positif dari aspek sosal ekonomi dan alam sekitar.

Sebagai contoh , dari aspek sosial program tersebut memelihara kesihatan dengan penggunaan minyak paket daripada minyak masak kitar semula selain membantu menghadapi isu sensitif dalam agama dan isu prinsip diet (vegetarian) akibat makanan tercemar.

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