A Com­mu­nity Plat­form

Insurance - - EDITOR'S NOTE -

Iam happy to share that the fresh look of IN­SUR­ANCE mag­a­zine has been well re­ceived through­out the in­dus­try. It is hum­bling to hear such kind words on how a sleek new de­sign has breathed fresh new life into a mag­a­zine that has clearly stood the test of time. In this ‘Mar­ket­ing’ themed is­sue, we spoke to our cover story, Thomas Wong, as he shared his valu­able in­sights on ma­noeu­vring through the dis­tri­bu­tion trenches as well as tack­ling the ever grow­ing Gen Y pop­u­la­tion. Ac­cu­mu­lat­ing al­most 40% of the Malaysian pop­u­la­tion, the Gen Y’s are not to be over­looked as the in­sur­ance in­dus­try races to ful­fil its 75% na­tional pen­e­tra­tion rate by the year 2020. An­other in­ter­est­ing ar­ti­cle in this is­sue is the Big Bang Dig­i­tal Dis­rup­tion, which show­cases the vast amount of changes that will in­evitably take place over the com­ing years. Dig­i­tal­iza­tion is some­thing that has be­gun in the West and it is per­ti­nent that we pay at­ten­tion to the chal­lenges and op­por­tu­ni­ties that may arise within the in­dus­try from this ef­fect. The au­thor, Hugh Terry, an ex­pe­ri­enced busi­ness de­vel­op­ment pro­fes­sional with 20 years ex­pe­ri­ence in Asia cov­er­ing in­sur­ance com­pa­nies, delves deep and pro­vides fun­da­men­tal in­sight on the topic. The rest of the is­sue ex­plores a vast ar­ray of topics that in­clude Claims Oc­cur­rence, Peer As­sist, In­dia’s In­sur­ance Mar­ket, Gen­eral In­sur­ance and in­dus­try news among many other things. I’d also like to take this op­por­tu­nity to ex­press my sin­cer­est grat­i­tude to all our con­trib­u­tors. Your keen in­ter­est in in­dus­try knowl­edge as well as yearn­ing to share and grow as a col­lec­tive com­mu­nity is what in­spires us to put to­gether this mag­a­zine each month with care. That be­ing said, I would also like to in­vite all mem­bers of the in­sur­ance in­dus­try in Malaysia to con­trib­ute, en­gage and par­tic­i­pate in this com­mu­nity’s bi-monthly mag­a­zine. It is our plea­sure to host a space for in­tel­lec­tual dis­course and in­dus­trial ex­per­tise for the ben­e­fit of in­sur­ance ad­vance­ment.

Khadi­jah Ab­dul­lah Edi­tor in­sur­anceed­i­tor@mii.org.my

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