{"id":119687,"date":"2017-05-08T18:09:43","date_gmt":"2017-05-08T10:09:43","guid":{"rendered":"https:\/\/www.hoi.my\/cms\/?p=119687"},"modified":"2018-04-06T08:26:32","modified_gmt":"2018-04-06T00:26:32","slug":"detariffing-malaysias-insurance-takaful","status":"publish","type":"post","link":"https:\/\/www.hoi.my\/cms\/detariffing-malaysias-insurance-takaful\/","title":{"rendered":"&#8216;Detariffing&#8217; Malaysia&#8217;s Insurance &#038; Takaful"},"content":{"rendered":"<p>DEFINITION of &#8216;<b>Detariffing<\/b>&#8216; The act of removing the pricing regulations of an industry, set forth by tariffs created by a regulatory body. <b>Detariffing<\/b> allows an industry to price its goods or services at market value, as regulation is discontinued to promote market equilibrium.<\/p>\n<p><iframe loading=\"lazy\" width=\"1080\" height=\"608\" src=\"https:\/\/www.youtube.com\/embed\/-VHLB9IaxXI?feature=oembed\" frameborder=\"0\" allow=\"autoplay; encrypted-media\" allowfullscreen><\/iframe><\/p>\n<p>&nbsp;<\/p>\n<h2>Tariff or base &#8220;price rate&#8221; removal.<\/h2>\n<p>Simple words. Price will vary from each brand to how they see fit for each risk they absorb. Might as well decline to accept a risky proposal.<\/p>\n<h2>&#8220;Detarif&#8221; &#8211; will be imposed\u00a0for comprehensive risk proposal dated July onwards<\/h2>\n<p>Leading the market, Etiqa has further improved their billing system recently on May 6th. We&#8217;ve seen significant changes done to its business system, experiencing first-hand new learning curve &amp; actively adapting to the new era of Malaysian insurance &amp; takaful.<\/p>\n<p>Others will follow.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>DEFINITION of &#8216;Detariffing&#8216; The act of removing the pricing regulations of an industry, set forth by tariffs created by a regulatory body. Detariffing allows an industry to price its goods or services at market value, as regulation is discontinued to promote market equilibrium. &nbsp; Tariff or base &#8220;price rate&#8221; removal. Simple words. Price will vary [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":119696,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","yasr_overall_rating":-1,"yasr_post_is_review":"","yasr_auto_insert_disabled":"","yasr_review_type":"Other","footnotes":""},"categories":[52,20,981,39,42,11,40],"tags":[],"yst_prominent_words":[227,228,216,208,1283,197,1271],"yasr_visitor_votes":{"stars_attributes":{"read_only":false,"span_bottom":false},"number_of_votes":0,"sum_votes":0},"_links":{"self":[{"href":"https:\/\/www.hoi.my\/cms\/wp-json\/wp\/v2\/posts\/119687"}],"collection":[{"href":"https:\/\/www.hoi.my\/cms\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hoi.my\/cms\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hoi.my\/cms\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hoi.my\/cms\/wp-json\/wp\/v2\/comments?post=119687"}],"version-history":[{"count":0,"href":"https:\/\/www.hoi.my\/cms\/wp-json\/wp\/v2\/posts\/119687\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.hoi.my\/cms\/wp-json\/wp\/v2\/media\/119696"}],"wp:attachment":[{"href":"https:\/\/www.hoi.my\/cms\/wp-json\/wp\/v2\/media?parent=119687"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hoi.my\/cms\/wp-json\/wp\/v2\/categories?post=119687"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hoi.my\/cms\/wp-json\/wp\/v2\/tags?post=119687"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.hoi.my\/cms\/wp-json\/wp\/v2\/yst_prominent_words?post=119687"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}