History of insurance
Basically the concept of insurance was developed to deal with perils faced by merchants and traders at sea. This varied from protection of the cargo and goods carried by ships to the protection against the loss of lives of sailors and officers.
The introduction of insurance in Malaysia dates back to the 18th and 19th centuries where trading firms and agency houses acted as agents for insurance companies from the United Kingdom.
Upon the achievement of independence, there was an effort to establish domestic insurance companies. The early 1960's saw the growth of many life and general insurance companies. Yet, many people unable to accept because insurance was developed to those dealing in high-risk environment.
Many companies operated on an unsound basis with improper underwriting guidelines. Subsequently, Government intervened and the Insurance Act, 1963 was introduced.
Until now, business of insurance has experienced tremendously culture changed and approximately 70% Malaysians have been insured, compared with American which is 180%. ( source : 2010)
Potential of Funeral Service Business in Malaysia
People enter the funeral service profession from a wide variety of backgrounds and possess a variety of motivations. The desire to be of assistance and to work in a human service profession motivates many individuals.
Funeral service is a need for everyone, one will face the bereavement journey unexceptionally. According to a study by NV Multi Asia SDN BHD, a mere 1% of Chinese in Malaysia has prepared pre-planning program for themselves. Just imagine 99% out of 7,000,000 Chinese are awaiting to be served. ( source : 2010 )
It is a huge market awaiting for you to tap the market share.
...... a multi-million business to explore......
Contact :
Basically the concept of insurance was developed to deal with perils faced by merchants and traders at sea. This varied from protection of the cargo and goods carried by ships to the protection against the loss of lives of sailors and officers.
The introduction of insurance in Malaysia dates back to the 18th and 19th centuries where trading firms and agency houses acted as agents for insurance companies from the United Kingdom.
Upon the achievement of independence, there was an effort to establish domestic insurance companies. The early 1960's saw the growth of many life and general insurance companies. Yet, many people unable to accept because insurance was developed to those dealing in high-risk environment.
Many companies operated on an unsound basis with improper underwriting guidelines. Subsequently, Government intervened and the Insurance Act, 1963 was introduced.
Until now, business of insurance has experienced tremendously culture changed and approximately 70% Malaysians have been insured, compared with American which is 180%. ( source : 2010)
Potential of Funeral Service Business in Malaysia
People enter the funeral service profession from a wide variety of backgrounds and possess a variety of motivations. The desire to be of assistance and to work in a human service profession motivates many individuals.
Funeral service is a need for everyone, one will face the bereavement journey unexceptionally. According to a study by NV Multi Asia SDN BHD, a mere 1% of Chinese in Malaysia has prepared pre-planning program for themselves. Just imagine 99% out of 7,000,000 Chinese are awaiting to be served. ( source : 2010 )
It is a huge market awaiting for you to tap the market share.
...... a multi-million business to explore......
Contact :
