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Nicholas, you mentioned that the 5 functions ' evaluate, analyse

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When we have any knowledge if BNM is currently looking into telematics and is there any strategy on controlling this segment?

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When we have any knowledge if BNM is currently looking into telematics and is there any strategy on controlling this segment?

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How do we get access to the video that was shared earlier today?

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How do we get access to the video that was shared earlier today?

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Are bad risks always a no-go? Are there enough goid risks to share around the 30+ insurers?

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Will Malaysia be another case study like India and China? What can go wrong?

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How is ratemaking going to give my company the competitive edge? Everyone will get the same info and insights if one undertake the same exercise.

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Is there still a role for insurance intermediaries

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How is this liberalization impact the agents and brokers business conduct?

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How is the liberalization affect this two intermediaries business conduct?

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It seems these actuarial modelling is a black box and not applicable in reality.

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Smaller companies would not be able to spend like the larger companies and would therefore compete with pricing. How would the other companies deal with this and would this last?

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If every company is doing the same thing (e.g predictive modelling), then how to stay ahead?

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Is competitiveness decided by how much data my company have? Does it mean we're doomed if we don't have enough data?

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What happens if my company doesn't have as good data as other competitors?

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Can you share an example of failure in a detarrifed market?

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PIAM's role in ensuring fair level playing field in detariffication market.

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PIAM's role in ensuring fair level playing field in detariffication market.

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What is PIAM's role and strategy in ensuring all insurance companies are competing fairly in the detariffication markets, especially for Auto Insurance? (some big boys would give x% extra incentive to agents/ brokers on top of stipulated commission whereas small players unable to do so as they choose to comply to guidelines).

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Is it the responsibility of the regulator or the insurance industry association or the industry to create awareness about insurance and detariffication? We are all worried about how to stay competitive in the midst of detariffication but we have forgotten about our consumers. They are just as lost as we all are and we put the blame on them when we all lose in the price war.

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How often do SM actually stop to think about what concerns and ideas on detariffication from their employees or key stakeholders? Strategy setting is a teamwork and should be a collective effort.

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Collecting data is a good idea but with so many competitors, consumers may not come to you. How do we collect adequate data in this environment?

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Dealing with a highly competitive /indiscipline operating environment  and How is BNM approaching this....

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Dealing with a highly competitive /indiscipline operating environment  and How is BNM approaching this....

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Prior to the 1/7/2016 (BNM) detariffication roadmap, we found increasing tariff breaches albeit these were camouflaged or disguised in the form of product packaging. Examples some insurers create a packaged product under the General Accident (GA) class and injecting a motor tariff extension cover like NCD relief as part of it but naming it as NCD protector or shield. The premium that they charged for the package as a whole is even much lower than the premium charged under tariff. This is just one of the many common breaches found with those so-called new products, there are alot more, like first-loss flood cover, loss of use of vehicle lump sum payment that circumvent the CART....

Not sure what the regulators are doing in this regard but such products are still very much available in the market inspite BNM's recent PD. If the regulators including PIAM, the self regulator are not truly committed to riddance such unethical practices then more and more of these insurers would push their way through.

The industry certainly needs some whistle-blowing processes available to enable complaint being filed. Besides this....as regulators push towards strengthening ERM, Compliance and emphasis on actuarial processes, the underwriters are push to the backseat or at times, sandwiched in between business ppl and management, therefore playing a lesser and lesser role moving forward.

The other matter is about the "extra" commission being paid to targeted group of agents, obviously for business support. Not sure how such commission is being paid but generally the industry sees this being distributed in the form of advertising (i.e., banner) costs, markets entertainment reimbursement, product scheme development costs, etc.
This is really a pain-in-the-arse, and before things get out of hand the regulators should put a stop to this and not to stop at "lip service" they should set up a team of CSI consisting of forensic investigators to launch investigation into the insurer's financial books if there are complaints filed against them.

While I understand this may not be too relevant today but nevertheless, it is important to have a forum to push or motivate the regulators to ensure a level playing field for this industry as we move towards detariffication and liberalisation. Otherwise, whatever today's presentations are they remained "nice to know" and "nice to think we want to do" but ineffective in reality....

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If my company is interested to learn more, what is available and in what form would that be offered?

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How is this liberalization market affect this two type of intermediaries business conduct?

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is it possible to direct insurance to accept high risk vehicle due to this detariffication?as we know,previously all high risk vehicle will get their insurance cover from MMIP.

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is it possible to direct insurance to accept high risk vehicle due to this detariffication?as we know,previously all high risk vehicle will get their insurance cover from MMIP.

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Can we have more scenarios where telematics can be employed in the Fire class?

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With telematics, data captured by companies may land the driver into trouble with the authorities. How do we overcome that? 

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With telematics, data captured by companies may land the driver into trouble with the authorities. How do we overcome that? 

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As you mentioned in the research that 99% underwriter job can be computerised but rank 5 what are the others read

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As you mentioned in the research that 99% underwriter job can be computerised but rank 5 what are the others read

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Actuaries provide more value than what you think.

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With telematics, data captured

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With

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Are Malaysians more price sensitive than we anticipate? How to stay competitive when customers in general value insurance based on price?

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How can a broker benefit financially from a detarrifed market? 

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How can a broker benefit financially from a detarrifed market? 

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Are Malaysian more price sensitive than we think they are?

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Under Reintermediation, with Robo Advisors coming into picture, how would MII going to prepare any courses to prepare our Intermediary to face this

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Under Reintermediation, with Robo Advisors coming into picture, how would MII going to prepare any courses to prepare our Intermediary to face this

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To Nicholas- Please explain further how loss ratio wouldnt be accurate enough in detariff environment.

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To Nicholas- Please explain further how loss ratio wouldnt be accurate enough in detariff environment.

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Dealing with a highly competitive /indiscipline operating environment 

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Dealing with a highly competitive /indiscipline operating environment 

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Prior to the 1/7/2016 (BNM) detariffication roadmap, we found increasing tariff breaches albeit these were camouflaged or disguised in the form of product packaging. Examples some insurers created a packaged product under the General Accident (GA) class and injecting a motor tariff extension cover like NCD relief as part of it but naming it as NCD protector or shield. The premium that they charged for the package is much lower than the additional premium charged under tariff. This is just one simple example, there are alot more, like first

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Assuming that the cost of adopting telematics is high..how can the company that this cost will not be transferred to the consumers?

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The insurance industry will be confronted with new business models how will MII collaborate BNM, PIAM moving forwards?

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With

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In actuarial perspective, is there any benchmark on the volume of business to be able to make such tools , e.g. telematics, cost effective, especially to those companies who mainly underwrites motor insurance?

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Will the Msian culture adapt to the use of telematics? Will Msian's be comfortable that "someone" is watching you whilst you drive? Perhaps a risk of anti selection that only the better drivers will subscribe to it. What needs to happen for a user to say "please put a box in my car"?

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Of the countries in the world who has implemented telemetics, which has the higest takeup.

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What MII do for the different phases in this Liberalisation?

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Learning & Development will be the key success in the competitive environment for liberalisation, there will new products concept or wordings which will be introduced by the insurer. How MII is going to help the insurers for this, the agent and the consumers?

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How to get consumers ' buy in " to purchase plus install telematics devices?

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How to get consumers ' buy in " to purchase plus install telematics devices?

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Should companies invest in GLM or skip this and just focus on modelling PAYG motor coverage?

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Capital Management under detariff environment

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Capital Management under detariff environment

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What would be the impact to a company's capital and solvency post-detarif? Assuming that the detarif environment will cause a company to consume a lot of capital, what is your opinion on those companies who mainly underwrites motor insurance?

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Any examples of successful ECM implementation for insurance companies?

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How will insurer response on the

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How will insurer response on the price war after the detarrificationWill rating structure be based on technical aspects or commercial aspects

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How do you think the usage of telematics in cars (i.e. Tracking locations and driving behaviors) and pricing products using these telematics will be received by consumers in Malaysia?
How should the usage of telematics be "marketed" and introduced here?