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  • Emerging Regional Insurtech, Policystreet Records Exponential Growth In FY22

    Emerging Regional Insurtech, Policystreet Records Exponential Growth In FY22

    PolicyStreet, an emerging regional insurtech company, has recorded exponential growth in FY22, with its topline growing by five times compared to the previous financial year (FY21) and attaining sum insured of more than USD 6 billion.

    Despite the challenging business environment in FY22, PolicyStreet has continued to innovate and deliver tailor-made insurance products and services to its customers. Growing its topline by 500% compared to the previous financial year is a testament to its commitment to technology advancements and its ability to adapt to changing market conditions affected by the rising cost of living and threats of a global recession.

    “We pride ourselves in understanding and addressing the unique challenges faced by our customers during these uncertain times, and our success is a testament to our agility and customer-centric approach. With over six years of operational excellence, we’ve amassed a sizable customer base and established ourselves as a rising star in the insurtech industry,” says Lee Yen Ming, Co-founder and Chief Executive Officer of PolicyStreet.

    Lee Yen Ming, Co-founder and Chief Executive Officer of PolicyStreet

    The increase of PolicyStreet’s sum insured to over USD 6 billion is attributed to the company’s unwavering commitment to making insurance Purposeful and Simple for consumers and businesses.

    PolicyStreet’s strong performance has been fueled by its ability to provide tailored insurance products that meet the specific needs of its customers. The insurtech company has identified and served underserved market segments by leveraging technology and industry expertise.

    Since obtaining the Reinsurer and General Insurer license from the Labuan Financial Services Authority (LFSA) in 2021, PolicyStreet has been the reinsurer in its partnerships with onshore insurers, enabling the launch of innovative insurance solutions.

    The key insurance solutions that drove the positive financial performance include the Digital HR Solution and the Gig Worker’s Claims Platform in collaboration with p-hailing service providers. The two innovative insurtech solutions cater to the underserved and growing gig and digital economy within Southeast Asia, which is expected to reach up to USD 1 trillion by 2030.

    “Stakeholders within the digital economies are drivers of the region’s growth, yet they are the most at risk for financial instability. Gig workers are not offered employee benefits due to their freelancing status. In contrast, employees within SMEs can often fall through the cracks due to the lack of access to Group Medical Insurance for SMEs.

    “We aim to continue serving the underserved within this market segment, ensuring the gig and digital economy is sustainable in the long run through embedded insurance and the development of insurance platforms. We believe the insurance industry is ripe for disruption, and we are proud to be at the forefront of this transformation,” says Yen Ming.

    PolicyStreet is committed to providing inclusive insurance solutions and remaining competitive in its insurance offerings by continuing to leverage its capabilities as a regional full-stack insurtech company.

    “By tapping into our underwriting and tech development capabilities to expand our partnership network with leading industry brands and protect more underserved communities, we are confident that we will register strong growth this financial year (FY23) compared to FY22,” says Yen Ming.

    The insurtech company specialises in creating effective embedded insurance solutions that address the pain points of both consumers and businesses while incorporating its in-house tech capabilities and strategic partnerships with industry leaders.  PolicyStreet is poised for continued success in the years to come and is confident in its ability to deliver value to its customers and stakeholders.

    For more information about PolicyStreet and its innovative insurance solutions, please visit https://www.policystreet.com/.

    PolicyStreet Co-founders

    About PolicyStreet 

    PolicyStreet is a regional full-stack insurance technology (insurtech) group of companies providing cutting-edge digital insurance solutions to businesses and consumers in Southeast Asia and Australia.

    PolicyStreet works directly with over 40 life, general, and takaful providers globally to offer a comprehensive range of products and services, which includes but is not limited to embedded insurance, customised employee benefits, financial advisory and aggregation of insurance, as well as the development of digital solutions to make insurance purposeful and simple for businesses and consumers.

    As a licensed Reinsurer and General Insurer by the Labuan Financial Services Authority (LFSA), an approved Financial Adviser and Islamic Financial Adviser by Bank Negara Malaysia (BNM), and a licensee of the Australian Financial Services License by the Australian Securities and Investments Commission (ASIC), PolicyStreet is able to underwrite, customise policies, and provide unbiased advice to its clients and partners worldwide.

    Through its regional group of companies, it serves over 5 million customers with over US$ 6 billion in sum insured. In 2022, it was named as one of the 100 Leading Emerging Giants in the Asia Pacific by KPMG and HSBC and was recognised at the Top in Tech Innovation Awards 2022 for Most Value Creation. It was also awarded the Young Entrepreneurs’ Award in 2020 by ASEAN Business Advisory Council (ASEAN-BAC).

  • Technical Analysis: Support, Resistance And Trendline

    Technical Analysis: Support, Resistance And Trendline

    Technical analysis is an important tool that traders use to identify potential buying and selling opportunities in the stock market. Support and resistance levels and trendlines are two key concepts in technical analysis that can help traders make informed decisions about when to buy or sell stocks.

    In this article, we will explore what support and resistance levels and trendlines are, how they are plotted on a chart, and how they can be used to identify potential trading opportunities.

    But is that true by mastering support, resistance & trendline you can make money from the stocks market? Technically yes, if you are using technical analysis to trade a stock and if you are looking to trade in short term.

    For longer term, you are advisable to use fundamental analysis as well to study on the company financial health.

    Read: 4 Different Types Of Traders: Which One Are You?

    What Is Support?

    Support is a price level where a downtrend is expected to pause due to demand or buying interest. As the price drops, demand for the shares increases and thus forming a support at that area.

    It can be seen as an area or zone that is strong enough to stop the stock from falling any further. Therefore, traders and investors use support as part of their decision-making tool.

    Buy At Support

    Some investors buy shares at support level as they expecting the share price will bounce back upward if the price does not break the support level

    Sell When Price Break The Support Level

    Investors also use support level as a cut loss point if the price keep falling and break the support

    Read: Create Your Stock Watchlist With These Simple Steps

    What Is Resistance?

    Resistance is opposite to support. Resistance is a price level an uptrend is expected to pause due to selling pressure. As the price increasing, early buyer starts to sell the shares to take profit and thus forming a resistance at that area.

    It is an area or zone that is strong enough to stop the stock from getting higher. If the resistance level is very strong, the price may reverse and drop lower.

    But what if the price breaks the resistance? When the price breaks the resistance level, this is called as breakout.

    A quality breakout is when the price breaks the resistance with high volume. This indicates high demand in the stock as more buyer attracted to the stock and willing to pay higher price.

    Sometimes breakout happens when there is positive catalyst related to the company such as increase in earnings, strong quarter / annual result, good news and etc.

    What Is Trendline?

    Sometimes trendline can be considered as trendline support and resistance levels. Trendline can be upward sloping or downward sloping. Since the stocks market move in trend, trendlines are often used to identify uptrend and downtrend.

    Trendlines connect significant highs together or significant lows together. For a trendline to form we need to see at least three touches.

    Why It Is Important To Identify Trendline?

    The answer is to help determine the current direction of market prices. Have you heard from technical analysts saying trend is your friend until it bends? Identifying uptrend stocks is the first step to perform a good trade. Look for an uptrend stocks, hold the stocks and exit when the trend starts to bend.

    Conclusion

    Support, resistance levels and trendlines are powerful tools in a trader’s arsenal that can help them identify potential buying and selling opportunities in the stock market. By understanding these concepts and how they can be used, traders can make more informed decisions about when to buy or sell stocks.

    As with any trading strategy, it is important to conduct thorough research and analysis before making any trading decisions based on support and resistance levels and trendlines. With practice and experience, traders can become more proficient in using these tools to navigate the complex and ever-changing landscape of the stock market.

    Read: Fundamental Analysis vs Technical Analysis

  • 3 Types Of Stocks That Every Investor And Trader Must Know

    3 Types Of Stocks That Every Investor And Trader Must Know

    The world of stocks may be thrilling and terrifying for an investor or trader. However, it is crucial to understand what a stock is and how it functions before diving into the 3 types of stocks.

    A unit of ownership in a firm is represented by a stock, also called a share. Purchasing a stock makes you a shareholder, giving you a stake in the company’s success or failure.

    The stock price will typically increase if the business does well, allowing you to sell your shares for a profit. If the business performs poorly, the stock price could drop, and you could lose money.

    Now you know what a stock is, let’s examine the 3 types of stocks and who they might be good for.

    Read: 4 Different Types Of Traders: Which One Are You?

    3 Types Of Stocks

    1. Speculative Stock

    Investments in speculative stocks have a high risk/high reward ratio. These stocks are typically linked to tiny or fledgling businesses with great growth potential but entail many risks.

    Investing in speculative stocks can include risk due to the fact that they are frequently unproven and don’t have a successful track record. However, there is a sizable chance for profit if the business succeeds.

    Generally, speculative stocks are best suited for aggressive investors who don’t mind taking on more risk. This kind of investor is prepared to take the risk of substantial gains in exchange for the possibility of sizable losses.

    Penny stock less than RM1 per unit, or even valued at just a few cents (hence the name penny), is more prone to speculation. Even though the fundamental of the company is not good, even though the company is making losses, these kinds of penny stocks can be manipulated and make huge returns in hours or days.

    Read: 5 Reasons Why We Lose Money In The Stock Market

    2. Defensive Stock

    The next stock in the list of 3 types of stocks are called defensive stock. Compared to speculative stock, defensive stocks are more stable and less risky. These kinds of stocks are frequently found in sectors of the economy that offer goods or services that consumers will continue to utilise even when circumstances are hard.

    Healthcare, utility, and consumer goods companies are a few examples of defensive stocks.

    Typically, conservative investors who want to protect their wealth and produce stable, dependable income should stick with defensive stocks. These investors tend to be less risk-tolerant and are prepared to accept lesser returns in exchange for more security.

    Read: As An Investor, Here Are 3 Things To Look For In Financial Statements

    3. Cyclical Stock

    Cyclical stocks tend to perform well during periods of economic boom but poorly during periods of economic contraction since they are correlated with the performance of the general economy.

    Construction, automobile, and travel-related businesses are a few examples of cyclical stocks.

    Investors who have a solid grasp of the general economic cycle and are able to predict when certain industries are likely to perform well or poorly are the greatest candidates for cyclical stocks. These kinds of investors are prepared to assume some risk in exchange for the chance of greater profits.

    In conclusion, a key component of becoming a good investor or trader is understanding the 3 types of stocks and who they are best suited for. You may allocate your resources wisely and create a well-diversified portfolio by understanding the risks and benefits of each type of stock.

    Whether you favour defensive, cyclical, or speculative stocks, you must do your homework and make wise choices based on your unique investment objectives and risk tolerance.

    Now that you know the 3 types of stocks, you can make a more informed decision.

    Read: Create Your Stock Watchlist With These Simple Steps

  • The Global ReSkilling Movement: Creating A Better World Where Everyone Has Easy Access To Quality Education

    The Global ReSkilling Movement: Creating A Better World Where Everyone Has Easy Access To Quality Education

    Global ReSkilling Movement (GRM), is an initiative aimed towards creating educational opportunities that help individuals around the world upskill and reskill themselves. Advances in technology and automation are constantly reshaping the world, and it’s getting increasingly difficult for employees to remain competitive in the workforce. In Malaysia alone, up to 60,000 people may lose their jobs this year, with retrenchments expected to hit multiple sectors in the country. Globally, the situation is even more dire.

    Its mission is to equip 100 million individuals worldwide with quality education, to help them unlock their full potential and transform their lives for a better future. By providing reskilling and upskilling support, the GRM will work towards creating a powerful global pathway towards sustainable economic growth and a better future, with supported individuals up to 10 times less likely to drop out of work and thrive in their careers.

    Chief Global Initiator of the Global ReSkilling Movement, Jin Tan, sharing his vision for a better future with quality education

    “The McKinsey Global Institute estimates that as many as 375 million workers will have to switch occupations or acquire new skills by 2030 due to artificial intelligence and automation. Research from the World Economic Forum also suggests that if the current pace of workforce upskilling doesn’t pick up, it could take decades for future employees to be ready for the future of work,” said GRM Chief Global Initiator Jin Tan.

    “The ability to adapt to new technologies and work environments is becoming increasingly important as the pace of change accelerates. It is a critical component of staying competitive in today’s rapidly evolving job market, and a key factor of long-term career success.”

    GRM hopes to improve the global employment landscape with the help of generous sponsors around the world. Contributions from sponsors will be converted into digital learning accounts that focus on career and technical skills education, which will be distributed to individuals in need of improving their lives.

    YBHG Datuk Azhar Muhammad D.S.S.A, J.P., Chairman of the Global ReSkilling Movement, sharing about the importance of accessible education in his speech

    “Mastering skill areas such as digital literacy, critical thinking, cross-cultural communication, adaptability, and an entrepreneurial mindset, are necessary for any individual aiming for a position of success in the global marketplace. GRM’s mission is to ensure that the process of self-development is as easy and straightforward for everyone as possible,” said GRM Chairman Datuk Azhar Muhammad.

    GRM Organizing Chairlady Aimi Salma said the increasingly competitive nature of today’s employment landscape meant workers could not solely rely on technical knowledge to thrive in their careers.

    GRM Malaysia Organising Chairlady, Aimi Salma, delivering her speech for the launch

    “Technical competency is important, but it is not enough for individuals to thrive in their careers. The workplace is constantly changing, and individuals need to be able to learn new skills when necessary,” she said.

    The GRM is built on the foundation of three pillars:

    Quality Education: The GRM believes education should incorporate the latest learning trends, promote critical thinking and problem-solving skills, and encourage lifelong learning. Its mission is to equip individuals with the knowledge and skills they need to succeed in the modern world.

    Accessible Learning: The GRM believes that learning opportunities should be accessible to everyone, regardless of their financial or social status. It aims to provide education designed to meet the needs of underprivileged individuals who may face barriers to learning.

    Increasing Jobs and Boosting Economic Growth: The GRM aims to address the skills gap by providing education programs that align with the demands of the modern job market. By doing so, it can bridge the gap between job seekers and employers, promote career learning and innovation, and contribute to economic growth and development.

    Its mission is to equip 100 million individuals worldwide with quality education, to help them unlock their full potential and transform their lives for a better future. By providing reskilling and upskilling support, the GRM will work towards creating a powerful global pathway towards sustainable economic growth and a better future, with supported individuals up to 10 times less likely to drop out of work and thrive in their careers.

    “With just a small gift of hope, you can transform lives and invest in our future. Together, we can create a more skilled and prosperous society for all,” said Tan.

    To learn more on GRM, please visit www.grm.today today.

    Group photo of all guests who attended the official launch and press conference of the Global ReSkilling Movement at ReSkills Hub

    About Global ReSkilling Movement

    The Global Reskilling Movement (GRM) is an initiative aimed at achieving a better world by providing complimentary education to aspiring learners. For more information, visit their website at https://grm.today/

  • Guide On How To Deposit Money And Buy Stock On The Trading Platform

    Guide On How To Deposit Money And Buy Stock On The Trading Platform

    Investing in the stock market can be a great way to grow your wealth over time. However, the process of buying stocks can seem daunting to many beginners. Fortunately, trading platforms have made it easier than ever to invest in the stock market from the comfort of your own home.

    In this article, we will look at how to deposit money and buy stock on the trading platform. Whether you are a complete beginner or an experienced investor looking to switch to a new trading platform, it will provide you with the information you need to get started.

    But before that, do you have a shares trading account? If you have yet to have an account, you are invited to open an account with one of the brokers available in Malaysia.

    Click this link to open an account with CGS-CIMB: https://www.cgs-cimb.com.my/en/Account-opening-Tr.jsp

    Don’t forget to key in PR1M495 in the Remisier Reference section. A designated Dealer’s Representative will attend and assist you with your account opening.

    Now, let’s assume that your account has been created. Next of course you would like to know how to deposit money and buy stock on the trading platform.

    Read: How To Open A CDS And Share Trading Account?

    Steps To Deposit Money

    After successfully logging into your account:

    1. Select ‘Settlement’ and click ‘eDeposit(New)’.

    2. Next, select your account and click ‘Online Cash Deposit’.

    3. Select which bank you would like to transfer your money from, key in the amount and click ‘Confirm’.

    4. Key in your Trading Pin and click ‘Submit’.

    The money will be updated in your trust account on the following day. Please contact your Dealer/Remisier if you wish to buy stocks as soon as possible. Let’s move on to the next step on how to deposit money and buy stock on the trading platform.

    Steps to Buy Stock in CGS-CIMB iTrade Platform

    1. Key in the stock code or stock symbol to search for the stock.

    2. Right-click on the stock name and click ‘Buy’.

    3. Ensure the stock that you intend to buy is correct. Next, follow the steps below:

    • Insert quantity (in lot)
    • Insert price
    • Choose validity
    • Insert trading pin
    • Click buy

    4. Under ‘Order Book’, select ‘Order Status’ to check on the order made.

    5. If your order status shows ‘filled’, it means the order that you placed has been matched. The shares purchased will be showed in ‘Equities Portfolio’ under ‘Portfolio’.

    Conclusion

    Investing in the stock market can be a rewarding experience, but it requires knowledge, patience, and discipline. Through this article, we hope to have provided you with a comprehensive guide on how to deposit money and buy stock on the trading platform. Different trading platforms may have different layouts and user experiences.

    An interactive trading platform may give a better user experience to the users.

    Read : Create Your Stock Watchlist With These Simple Steps

    Remember to always do your research, diversify your portfolio, and stay informed about market trends and news. By following these principles, you can make informed decisions and build a successful investment strategy.

    With the right approach, investing in the stock market can help you achieve your financial goals and secure your future. But it all starts with the first step, which is how to deposit money and buy stock on the trading platform.

    Read: Using The CANSLIM Formula To Choose Good Stocks

  • How To Open A CDS And Share Trading Account?

    How To Open A CDS And Share Trading Account?

    For an investor to start investing in Bursa Malaysia, they must open a CDS and share trading account. These two accounts serve different functions. Normally, when you open an account with any broker, these two accounts will be created together.

    The whole application process can be done by completing physical offline forms or some brokers will provide online applications. With this online application process, opening a share trading account will be hassle-free.

    But before we look at how to open a CDS and share trading account, read below for a deeper understanding of what is a CDS account and a trading account.

    What Is A CDS Account?

    Central Depository System (“CDS”) is a system that is fully owned and operated by Bursa Malaysia Depository Sdn Bhd (“Bursa Depository”), which provides central bookkeeping of securities and facilitates the settlement of securities transactions in a scriptless manner.

    Putting it simply, a CDS account acts like a wallet where you keep the shares that you purchased.

    Investors who wish to trade in securities listed on Bursa Malaysia Securities Berhad must open accounts on CDS. Securities bought or sold will be credited or debited into the CDS accounts of depositors accordingly.

    There are a few ways you can open a CDS account such as walking into any investment bank/broker, registering online via a website and you can also open a CDS account via the Bursa Anywhere mobile app.

    Source: Bursa Marketplace

    Read: Guide To Registration of Bursa Anywhere Account

    What Is A Trading Account?

    A share trading account is where you deposit money and use that account to buy/sell stocks via a broker’s trading platform.

    Refer to Bursa Malaysia’s website for the list of brokers in Malaysia: List of Participating Organisations

    For those who are wondering, an individual investor is allowed to open only one CDS account with each broker. It means that you can have 1 CDS account with different brokers such as Maybank, CGS-CIMB, Malacca Securities, RHB, and many more.

    However, a corporate investor may open multiple accounts with the same broker.

    It is very easy to open a CDS and share trading account. You have to ensure you have the necessary documents, so the process can be smooth.

    Required Documents

    There are a few documents that you have to prepare in order to open a CDS and share trading account for an individual. You are required to provide:

    1. Photocopies of NRIC/Passport
    2. Latest 3 months’ bank statements
    3. A copy of the latest 3 months’ payslip

    Do you have a trading account? If not, you are invited to open an account with one of the brokers available in Malaysia.

    Click this link to open an account with CGS-CIMB: https://www.cgs-cimb.com.my/en/Account-opening-Tr.jsp

    Don’t forget to key in PR1M495 in the Remisier Reference section. A designated Dealer’s Representative will attend and assist you with your account opening. All the best in your investment journey!

    Now you know how to open a CDS and share trading account? It is very easy, let’s get started today.

    Read more:

  • Pain In The Joints: Knee And Hip

    Pain In The Joints: Knee And Hip

    Arthritis is a common condition that affects millions of people worldwide, including Malaysia. Arthritis is a general term that refers to inflammation of the joints, which can cause pain, stiffness and limited mobility. There are many types of arthritis, each caused by factors unique to the disease.

    Understanding Arthritis

    Dr John Decruz, Consultant Orthopaedic Surgeon at ParkCity Medical Centre

    “Osteoarthritis is when the cartilage that caps the bones in your joints wears away causing the bones to grate against each other. Meanwhile, rheumatoid arthritis is a disease in which the immune system attacks the joints, beginning with the lining of joints (synovium). Unfortunately, rheumatoid arthritis affects more women than men, with the ratio of 3 to 1,” says Dr John Decruz, a Consultant Orthopaedic Surgeon at ParkCity Medical Centre.

    “In addition to that, there are also joint paints related to gout, which is caused by uric acid build up in the form of painful crystals in the joints and more commonly seen in the younger group around 30 to 50 years of age. This is in contrast with the other types of arthritis that are more prevalent in much older groups. Joint pain may also occur due to an infection, which appears in the form of redness and reduction in range of motion around the affected joint,” he continues.

    Some patients may experience joint pain due to a genetic predisposition, which causes their joints to stiffen up and become painful as they age. This can be diagnosed with a thorough family history, inspection and physical examination. Sometimes X-rays may also be necessary. Meanwhile, blood tests will also reveal joint pain caused by autoimmune diseases such as lupus, gouty arthritis and septic arthritis.

    Diagnosing Arthritis

    If you think you may be suffering from joint-related diseases, it’s best not to delay seeking treatment. However, not all symptoms lead to arthritis.

    “Usually, patients begin suspecting of conditions are often marked by a ‘crackly’ sensation or sound that people may experience when performing physical activities, including something as simple as getting up from a chair,” explains Dr John. “However, most of the time, especially if there is only sound without any pain or swelling, it’s harmless. But of course, we can always rule out any potential of the disease with x-ray, blood tests and even MRI.”

    X-rays of patients suffering from osteoarthritis will reveal a reduction of the gap between the bones indicating that the cartilage is worn out. There may even be hairline cracks, bone spurs or even bone cysts in more severe cases.

    Treating Arthritis

    If you’re diagnosed with arthritis, there are many options that you could explore before landing on surgery.

    “Nowadays surgeries such as knee or hip replacement surgeries or joint replacement surgeries are often last resort options when the arthritis is no longer manageable. The go-to upon initial diagnosis are supplements such as Glucosamine and Chondroitin; which are often taken together and are believed to help repair and maintain the cartilage in the joints.

    “One good thing is our local food is generally rich in turmeric, which contains curcumin that has been proven through studies to have anti-inflammatory properties that could help reduce joint pain and inflammation,” details Dr John.

    In addition, an Omega-3 fatty acids-rich diet and vitamin D has also been found to help reduce inflammation of joints.

    “And of course, we have medications that are commonly used to treat arthritis, including painkillers, nonsteroidal anti-inflammatory drugs (NSAIDs), disease-modifying antirheumatic drugs (DMARDs) and biologic agents.

    “Painkillers such as acetaminophen can help to relieve pain, while NSAIDs such as ibuprofen can help to reduce pain and inflammation. DMARDs such as methotrexate can help to slow the progression of rheumatoid arthritis, while biologic agents such as adalimumab can target specific parts of the immune system to reduce inflammation in the joints,” adds Dr John.

    Physical therapy is also an option for effective treatment of arthritis, but Dr John reminds to approach it with caution.

    “Yes, physical therapy improves joint function and reduces pain but only start it upon seeing a doctor to get a proper medical diagnosis of the type of arthritis that is afflicting you. I’ve seen cases of patients’ arthritis becoming worse due to premature physical therapy.”

    Preventing Arthritis

    If you would like to keep arthritis at bay, there are certain measures that can be taken. Similar to the way in which physical therapy is used to reduce pain in joints—through exercises to strengthen the muscles around joints, as well as stretches and range-of-motion exercises to improve flexibility, keeping active will help to keep the onset of arthritis at bay.

    “Lifestyle changes is also important in treating as well as preventing arthritis. Maintaining a healthy weight to reduce the pressure on the joints while avoiding excessive inflammatory food such as sugar, fast-food and food fried with processed oil. Eating a healthy diet that is rich in fruits, vegetables and whole grains can also help to reduce inflammation in the body,” advises Dr John.

  • A Mother’s Love Is Like No Other

    A Mother’s Love Is Like No Other

    A mother’s love is like no other
    Her love is warmer than any summer

    She loves you even before you were born
    Carrying you 9 months with the tender loving care  of a mom

    Risking her life and bearing all the pain 
    Sacrificing her all just for your gain

    She would bleed for you to heal
    Fight for you to overcome any ordeal

    She would sacrifice her life
    To keep you alive

    Comfort you in difficult times
    With care and love so divine

    She believes in you when you doubted yourself
    Supported all of you; your every cell

    Encourages you to go on despite challenges
    Does everything she can even beyond her talent 

    All willing to bear your pain and agony
    So that you are safe and in harmony

    In haste and chase, many may have forgotten
    Her deeds are often taken as forgone

    Of this special lady we called “Mother”
    Let’s recognize and celebrate her love with a smother 

    Her love is  ever so warm and pure
    Should be treasured and cherished with great allure

    Today we salute you all mothers
    Your undying love and sacrifice of such  wonder

    We thank God for His most wonderful gift
    For He created mothers of this world

    Happy Mother’s Day

    By Dr Victor SL Tan
    CEO KL Strategic Change Consulting Group
    He can be contacted at victorsltan@klsccc.com

    Dr Victor SL Tan with his late mum who passed away when he was only 16
  • Be A-Z Ready For Tomorrow With Allianz Malaysia

    Be A-Z Ready For Tomorrow With Allianz Malaysia

    Allianz Malaysia Berhad recently launched ‘Be A-Z ready for tomorrow’, an educational  campaign to help Malaysians secure the retirement lives they dream of.

    Planning for retirement is more than just ensuring you have adequate finances. The Campaign, will look to help Malaysians understand the importance of retirement planning, with a keen focus on protection and types of insurance coverage that is vital at every stage of life for a sound retirement life.

    Allianz Malaysia believes that planning for retirement should encompass overall protection including medical, personal accidents, protection of assets, and having a good support system, in addition to having sufficient savings. Adequate protection is necessary as rising medical costs and unexpected events are likely catalysts for financial setbacks during one’s golden years.

    Allianz Malaysia Chief Executive Officer, Sean Wang said a general rule of thumb is that a retiree would need two-thirds of their last drawn salary to retire comfortably.  

    “When we were studying the market, we learned that Malaysians’ top priorities for retirement are to live debt-free, have sufficient funds for medical emergencies for themselves and family, whilst maintaining their pre-retirement lifestyles. These things will be hard to achieve if people are only leaning on passive savings to finance their golden years.“

    A study conducted by YouGov, a global public opinion and data company, showed that only 38 percent of Malaysians have taken proactive steps to plan for their retirement. In fact, when it comes to retirement planning, most are heavily dependent on passive modes such as saving accounts and EPF.

    The study which focused on understanding Malaysian retirement priorities found that those intending to plan for their retirement were receptive to protection plans like Life and Medical insurance.

    “When planning for retirement, you need to tick as many boxes as you can. Allianz Malaysia through our life and general insurance business offer the best of both worlds, and have crafted a complete suite of solutions to help Malaysians fully realised their retirement dream with no worries,“ he added.

    For a Total Retirement Plan, that ticks every box, Allianz Malaysia recommends having sufficient protection such as critical illness coverage and medical coverage to safeguard yourself from events which may deplete your retirement funds and lead to financial catastrophe.

    For example, our medical plan HealthInsured offers the most comprehensive medical coverage and comes with an option which many are not aware of. Customers can opt for a suitable deductible level to save insurance costs while being covered by an employer and remove the deductible upon retirement when there is no more employee benefit.

    Besides that, an individual that has a significant other and/or has children should also consider a robust protection plan that protects the family like Allianz PrimeCover with high death benefit coverage or leaving a legacy with certainty to the loved ones with our Allianz Legacy Plus.

    Malaysians should also consider having Personal Accident plans like Allianz Shield Plus to safeguard themselves in the event of injuries, disability or death, with Cashless Hopsital Admission and Discharge Benefit to further optimise their retirement protection.

    In addition, Allianz Malaysia will also provide additional support to its customers through the Allianz We Care Community.

    Via the We Care initiative, the Company collaborates with several partners from different sectors such as home care, pharmaceutical, and home medical devices among others, in offering our customers the complete retirement support they will need.

    For more details on our ‘Be A-Z ready for tomorrow’ campaign, or realising your retirement dream, please visit allianz.com.my

    About Allianz in Malaysia

    The investment holding company, Allianz Malaysia Berhad, a subsidiary of Allianz SE, has two insurance subsidiaries – Allianz General Insurance Company (Malaysia) Berhad (“Allianz General”) and Allianz Life Insurance Malaysia Berhad (“Allianz Life”). Allianz General is one of the leading general insurers in Malaysia and has a broad spectrum of services in personal lines, small to medium enterprise business and large industrial risks. The GWP for general insurance business for financial year 2022 reached a mark of RM2.66 billion. Allianz Life offers a comprehensive range of life and health insurance and investment-linked products and for the financial year 2022, Allianz Life recorded a GWP of RM3.37 billion and is one of the fastest growing life insurers in Malaysia. Allianz Malaysia has 32 branches nationwide. In 2021, Allianz Malaysia won The Edge Billion Ringgit Club (BRC) Financial Services (below RM10 billion market capitalisation) award for the highest growth in profit after tax (PBT) over three years. The Company also bagged the Malaysia International Business Awards 2021 (Life Insurance category) and three awards at the Global Banking & Finance Awards: Insurance Brand of the Year Malaysia 2021; Best General Insurance Product Malaysia 2021; and Best Insurance Social Media Engagement Malaysia 2021.

    To learn more about Allianz Malaysia, visit allianz.com.my 

    Facebook: facebook.com/AllianzMalaysia/ | Instagram: instagram.com/allianzmalaysia/

    LinkedIn: linkedin.com/company/allianzmalaysia/

    About Allianz

    The Allianz Group is one of the world’s leading insurers and asset managers with more than 122 million* private and corporate customers in more than 70 countries. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life, and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing around 683 billion euros** on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage about 1.6 trillion euros of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we are among the leaders in the insurance industry in the Dow Jones Sustainability Index. In 2022, over 159,000 employees achieved total revenues of 152.7 billion euros and an operating profit of 14.2 billion euros for the group.

    *Including non-consolidated entities with Allianz customers.

    ** As of December 31, 2022

  • 4 Different Types Of Traders: Which One Are You?

    4 Different Types Of Traders: Which One Are You?

    There are different types of traders, as you are aware, if you have ever traded stocks. You could belong to one of several groups of traders, depending on your risk tolerance level and financial objectives.

    Before we begin looking at the different types of traders, let’s start by defining a trader and discussing how they differ from investors.

    Read: Investing VS Trading, Which One Is Suitable For Me?

    Difference Between A Trader And An Investor

    Someone who buys and sells stocks with the intention of making a quick profit is a trader. They achieve this by predicting how quickly stocks, currencies, and other financial assets will change in price.

    In contrast, investors purchase securities to hold them for a long time and earn returns via dividends, interest, and capital growth.

    Investors and traders are distinct in a number of ways. Their risk profiles are one of the key variations. Since they are attempting to capitalise on volatile short-term price movements, traders typically assume greater risk than investors.

    On the other hand, investors have the financial resources to adopt a longer time horizon and is more tolerant to market swings.

    Read: Fundamental Analysis vs Technical Analysis

    The time horizon is another difference. Securities are often held by traders for far less time than by investors. Investors may keep onto a stock for years or even decades, whereas traders may just hold onto it for a few minutes or hours.

    Finally, the kinds of stocks that traders and investors invest in vary. Since buying and selling quickly is simpler when a stock is highly liquid and has a high trading volume, traders frequently concentrate on these stocks.

    Conversely, investors might be more drawn to stocks with solid fundamentals and the potential for long-term growth.

    After knowing the difference between traders and investors, let’s look at the different types of traders.

    1. Scalper

    Traders that try to make tiny profits on many deals are known as scalpers. They often only keep stocks for a short period of time(a few seconds or minutes), and they frequently trade (dozens or even hundreds of times) in a single day.

    Scalpers rely on minute price changes and utilise technical analysis to spot transient patterns.

    2. BTST Trader

    A “Buy Today Sell Tomorrow” (BTST) trader purchases equities today and sells them the following day. They use this to avoid having to take ownership of the shares, which would necessitate full payment.

    BTST traders frequently focus on stocks with significant trading volume and solid momentum.

    3. Swing Trader

    Swing traders try to profit from swift market changes by holding onto securities for a few days or weeks. They employ fundamental and technical analysis to find equities that are likely to experience quick increases.

    More risk is typically assumed by swing traders, as compared to scalpers and BTST traders.

    Read: 5 Reasons Why We Lose Money In The Stock Market

    4. Position Trader

    In order to achieve long-term gains, position traders keep onto securities for weeks or even months. They frequently concentrate on stocks with solid fundamentals and prospects for long-term growth.

    Position traders are more interested in the company’s overall health than they are in short-term price fluctuations.

    4 Different Types Of Traders

    In conclusion, there are many different types of traders, each with a distinctive strategy for the market. Regardless of whether you are a scalper, swing trader, position trader, or BTST trader, it’s crucial to know your risk tolerance and investment objectives before you begin.

    By doing this, you can create a trading strategy that suits your needs and contributes to your market success.

    Read: Create Your Stock Watchlist With These Simple Steps