Malaysia's worker's compensation regulations for foreign workers will be tabled for amendment next year, under which worker's compensation insurance to be paid for by employers will cover occupational-related diseases and accidents,whereas medical insurance for non-occupational diseases and injuries will be paid
for by the foreign worker, reports the Bernama news agency.
Other Asian News
1. Indonesia: Insured losses estimated to be low in 25 Oct earthquake
US-headquartered catastrophe modelling firm, AIR Worldwide, has assessed that a powerful magnitude 7.7 earthquake which struck off the Mentawai islands in Indonesia on Monday night will not result in significant insured losses. The company, in a statement, cites the low earthquake insurance penetration in the area as a reason for the low insured losses.
2. Australians willing to pay less than US$300 for financial advice
The average Australian believes financial advice should cost just A$300 (US$292) upfront -almost 10 times less what planners say is the break-even cost of providing full advice, reports the Financial Standard citing research from Investment Trends' Planner Business Report.
3. East Asia: ACE buys New York Life's HK, South Korean units for US$425 mln
ACE has greed to buy New York Life Insurance's Hong Kong and South Korean life operations for about US$425 million in cash, the Swiss-incorporated property and casualty insurer says in a statement.
4. China: Ping An eyeing more investments in corporate bonds
Ping An Insurance (Group) Co, China's second largest insurer, will raise the proportion of corporate issues in its holdings, reports Bloomberg citing the insurer's Deputy Chief Investment Officer, Mr Timothy Chan.
Asia Insurance Review 28/10/2010
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