Friday, 31 October 2014

[Framework] Solvency II - Part 3 - ERM

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BACKGROUND  Solvency II requires insurers to prepare and implement assessments of the company’s own risks. Under Pillar 2’s Own Risk and S...
Wednesday, 1 October 2014

[Framework] Solvency II - Part 2 - SCR & MCR

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SCR & MCR This post is a continuation from my previous article on Solvency II  discussing capital requirement,  differences in Solven...
Saturday, 27 September 2014

[Framework] Solvency II - Part 1 - Introduction

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BACKGROUND  Solvency II is scheduled to come into effect on 1 January 2016  and will affect all insurers in the EU under the EU Directiv...
Tuesday, 2 September 2014

[Framework] SOX vs J-SOX

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This posts will discuss the key differences between Japan's J-SOX and US's SOX Framework. BACKGROUND Sarbanes Oxley Act of 2002 ...
Saturday, 30 August 2014

[Framework] J-SOX - Designing Internal Controls

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BACKGROUND J-SOX’s main objective  is to ensure the reliability of financial reporting therefore the internal controls prescribed are onl...
Friday, 1 August 2014

[Framework] Financial Instruments and Exchange Act (JAPAN)

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BACKGROUND The Financial Instruments and Exchange Act (金融商品取引法) promulgated on June 14th, 2006. It codifies securities law and regulates ...
Thursday, 31 July 2014

ObamaCare - Part 2 - End of Subsidies?

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A continuation from previous article titled  “ObamaCare Part 1” discussing Mr. Obama’s initiative to overhaul the U.S. Healthcare System. L...
Tuesday, 1 July 2014

Obamacare - Part 1- Implementation

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The Patient Protection and Afforable Care Act signed in 2010 dubbed the ObamaCare. The concept is to increase the size of insurance poo...
Saturday, 28 June 2014

Postal Code Profiling In a Motor Detariff Market

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A continuation from previous article titled “Motor Detariffed West Side Stories” highlighting how two areas in a city are charged differen...
Tuesday, 3 June 2014

Insurance Miss-Selling

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BUYING BLINDLY? Back in January 2014, The Guardian reported in the UK that “ six well-known agencies had sold personal accident policies...
Tuesday, 27 May 2014

Insurance Coverage For Your Dwelling/House

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This post will provide info on factors to consider when you purchase an insurance coverage for dwelling/house. Note: Most of the info are...
Tuesday, 6 May 2014

Data For Premium Discounts

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Would you allow insurance companies to track/monitor/gather data on your lifestyle in return for cheaper premiums? There are devices in...
Tuesday, 29 April 2014

Fraud Cases in a Motor Detariffed System

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I stumbled upon an article reporting a downward trend in car insurance premiums in England and would like to share some views on the trends...
Tuesday, 1 April 2014

Motor Detariffed Pricing

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BACKGROUND Motor insurance premiums are usually governed by a fixed rate (aka tariff) to ensure all vehicles on the road are adequately co...
Tuesday, 25 March 2014

"Swipe" Credit Cards - Part 2 - New System

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In Part 1 I covered how & what made the US credit cards so vulnerable to fraud. More info at the link below (http://levelnineatwork.b...
Tuesday, 4 March 2014

"Swipe-It" Credit Cards Part 1 - Slow Adoption in U.S.

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If you recall,Target Customers' Credit Card Info was compromised.  More info at the link below. (http://levelnineatwork.blogspot.com/...
Tuesday, 25 February 2014

Fast And Secure Transfers - F.A.S.T.

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IBG short for Inter-Bank GIRO is a platform provided by Malaysian Electronic Clearing Corporation (MyClear) which is a subsidiary of Bank N...
Tuesday, 4 February 2014

Unconventional F.I. Products Part 2 - Post Offices & Tesco

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This post discusses a few  banking products launched by a post office and a supermarket chain.
Saturday, 25 January 2014

Unconventional F.I. Products - Part 1 - Cards

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We buy movie tickets online/mobile, perform online transactions, pump gasoline with credit card. The concept is to introduce a faster &...
Saturday, 4 January 2014

40 mil Accounts of Target Shoppers Hacked

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News broke that 40 million accounts of Target shoppers were breached in a widespread hack.