A matter of risk : insurance in Malaysia, 1826-1990
Author(s)
Bibliographic Information
A matter of risk : insurance in Malaysia, 1826-1990
NUS Press, c2012
- : pbk
Available at 4 libraries
  Aomori
  Iwate
  Miyagi
  Akita
  Yamagata
  Fukushima
  Ibaraki
  Tochigi
  Gunma
  Saitama
  Chiba
  Tokyo
  Kanagawa
  Niigata
  Toyama
  Ishikawa
  Fukui
  Yamanashi
  Nagano
  Gifu
  Shizuoka
  Aichi
  Mie
  Shiga
  Kyoto
  Osaka
  Hyogo
  Nara
  Wakayama
  Tottori
  Shimane
  Okayama
  Hiroshima
  Yamaguchi
  Tokushima
  Kagawa
  Ehime
  Kochi
  Fukuoka
  Saga
  Nagasaki
  Kumamoto
  Oita
  Miyazaki
  Kagoshima
  Okinawa
  Korea
  China
  Thailand
  United Kingdom
  Germany
  Switzerland
  France
  Belgium
  Netherlands
  Sweden
  Norway
  United States of America
Note
Bibliography: p. 614-627
Includes index
Description and Table of Contents
Description
The insurance industry in Malaysia is a large and important sector of the economy in terms of capitalisation, business turnover, assets, and the number of employees. It was integral to early Western economic expansion into Malaya, underwriting shipping, mining, and plantation ventures to protect entrepreneurs from excessive risk. The scope of the insurance business then broadened to cover fire risks, motor insurance, and workmen's compensation, while war risk coverage helped ensure that the economy continued to function during the 1940s and 1950s. After 1957, the social and political environment of independent Malaysia offered new directions for the insurance industry.
A Matter of Risk shows how insurance companies established themselves in an unfamiliar environment, marketed new products, responded to diverse demands, and safeguarded market share and profit against competition. Local firms faced a major challenge as overseas insurance companies moved from agency offices to setting up of branches, taking over or collaborating with existing companies, and eventually incorporating themselves as local companies. The study looks at the role of tariff associations and insurance trade organisations such as the Persatuan Insurans Am Malaysia (Malaysian General Insurance Association) in maintaining order in the industry through self-regulation.
by "Nielsen BookData"