佳礼资讯网

 找回密码
 注册

ADVERTISEMENT

楼主: Mr.Business

【REXIT 0106 交流专区】力事

[复制链接]
 楼主| 发表于 26-1-2008 05:06 PM | 显示全部楼层
一些新闻:

24-01-2008: Rexit gears up for more local and foreign deals

by Ellina Badri

PETALING JAYA: Rexit Bhd sees its deal to provide e-cover services to Sompo Japan Insurance Inc, Japan’s second largest non-life insurer, as a big step forward for the company as it gears up to expand its foreign business.

Rexit’s chief executive officer, Chung Hon Cheong, said the company expected to leverage on the Sompo Japan deal to sign up more insurance companies for its services. Sompo Japan’s markets include China and the United States.

The company, which started by selling software for the insurance market, has since become Malaysia’s only one-stop centre that rids insurance players of the need to perform physical transactions by providing an online service.

Insurance companies, which are charged on a per usage basis, are able to enter and extract data such as policies and claims via Rexit’s e-cover interface.

After focusing its efforts in Japan, via its 51:49 joint venture with Japanese conglomerate Marubeni Corp to market Rexit’s products internationally, the company has now set its sights on acquiring more businesses in China, Chung said.

He said the company was confident of securing more contracts out of Hong Kong, in which Sompo Japan also operated.

It had secured its first overseas contract there last May, having been appointed to provide its e-cover services to Hong Kong’s Asia Insurance Company Ltd.

“We have a customer in Hong Kong which we believe will give us an opportunity (to expand further). Even though we are not in China, we are at the doorstep as all financial services are executed out of Hong Kong or Shanghai,” Chung told The Edge Financial Daily.

Rexit is also considering opening a full office in Hong Kong instead of just its current representative office, Chung said.

While its agreement with Sompo Japan has caused an about-turn between its domestic and foreign contributions, with its foreign operations now contributing 99% to its business, Rexit also expects to boost domestic operations via its tie-up with the Life Insurance Association of Malaysia (LIAM).

Under the agreement, the company would offer its services to LIAM’s 16 life insurance member companies and the deal was expected to start bearing fruit very soon, Chung said.

http://www.theedgedaily.com/cms/ ... a-10ebe180-5db20686
回复

使用道具 举报


ADVERTISEMENT

 楼主| 发表于 26-1-2008 05:07 PM | 显示全部楼层
新闻。

25-01-2008: Rexit teams up with LIAM, EPF

KUALA LUMPUR: Rexit Bhd has forayed into the life insurance market following its appointment by Life Insurance Association of Malaysia (LIAM) to develop an e-Critical Illness System via Rexit’s e-Cover portal.

In a statement yesterday, Rexit said the system would enable LIAM, in collaboration with the Employees Provident Fund, to provide a critical illness insurance scheme to EPF contributors and their dependents.

Rexit chairman Datuk Ng Kam Chiu said: “This is yet another exciting milestone for us as it represents our first delivery of IT solutions and services to the local life insurance market, further underlining the strength and versatility of our e-Cover solutions.”

“This scheme will be made available to the 11.4 million EPF members in the country, and all applications and claims in respect of this scheme will be processed online via Rexit’s e-Critical Illness system on a fee per transaction basis,” he said.

Rexit subsidiary Rexit Software Sdn Bhd has entered into e-Critical illness subscription agreements with 14 out of the 16 LIAM members, while the remaining members are expected to conclude similar agreements soon.

“This appointment by LIAM will have a positive impact on our future financial performance, and it will also provide us with the platform to further explore business opportunities within the life insurance market segment,” Ng said.

On a separate matter, Rexit said its 51% owned subsidiary, Rexit International Sdn Bhd, had received a letter of confirmation from William S T Lee Insurance Company Ltd of Hong Kong to commence study, and to finalise the implementation of its e-Cover services for its insurance operation.

This follows the recent signing of an agreement for Rexit International to provide e-Cover services to Sompo Japan Insurance Inc. William S T Lee is an 80% owned subsidiary of Sompo Japan.

“We had initially started with Sompo’s foreign marine cargo insurance operation. Now we will be rolling out for its Hong Kong subsidiary.

“We expect that over time, our work and subsequent contribution from the Sompo Group will grow in significance, as we advance to complete our implementation of our e-Cover services to the group’s other classes of general insurance, as well as to its related companies worldwide,” Ng said.

Ng added: “Prospects for Rexit are exciting. Rexit International will continue to spearhead our expansion outside Malaysia. And with our involvement in the e-Critical Illness insurance scheme, we are in a stronger position to broaden our reach into the life insurance market segment, both locally as well as overseas.”

http://www.theedgedaily.com/cms/ ... a-10ebe180-f006c08f
回复

使用道具 举报

 楼主| 发表于 26-1-2008 05:10 PM | 显示全部楼层
新闻。

Rexit to venture into US

By Jeeva Arulampalam        

Published: 2007/12/14

A large insurance group in the life and general business in the US is evaluating Rexit's software right now, says its chief executive officer

INSURANCE software provider Rexit Bhd is looking to expand its international footing by venturing into the US market.

Its chief executive officer Chung Hun Cheong said a composite insurer in the US had expressed interest in Rexit's insurance software and services.

"A very large insurance group in the life and general business is evaluating our software right now. We will know the outcome by middle of 2008," Chung told Business Times after Rexit's annual general meeting in Petaling Jaya yesterday.

Rexit's unit, Rexit International Sdn Bhd, undertakes sales and marketing of Rexit's products and services overseas.

Chung said its international business will focus on just two markets, Japan and the US.

He said Rexit International will leverage on its Japanese partner, Marubeni Corp, which is one of the largest conglomerates in Japan with operations in 72 countries.

Last month, Rexit International received a letter of intent from Sompo Japan Insurance Inc for the implementation of Rexit's e-Cover services, which will start with Sompo Japan's foreign marine business.

"This means an agent in Canada can now key in an insurance policy and send it to Japan via our software. We hope to deploy the marine e-Cover by March 2008," he said.

Chung expects revenue contribution from 2009 onwards. By the financial year ending June 30 2009, overseas contribution could reach 99 per cent, he said.

According to Rexit's 2007 annual report, direct general insurance premiums written in Japan for fiscal year 2006 amounted to US$81 billion (RM269 billion).

"Sampo Japan does about US$27 billion (RM90 billion), which is much bigger than premiums written in the Malaysian market," said Chung.

On the local front, he expects RM10 million to RM12 million a year from its tie-up with the Life Insurance Association of Malaysia.

Rexit has been appointed the vendor to develop and implement a Web-based system that will enable participating life insurance companies to transact policies and file new transaction details and claims on real-time.

"The agreement is to be signed in late January 2008 and will contribute to our bottom line 12 months later," said Chung.

He also said that Rexit operated more as a concession management business.

"Therefore, we only see recurring revenue contributions after 12 to 16 months of the software's implementation."

http://www.btimes.com.my/Current ... /Article/index_html
回复

使用道具 举报

 楼主| 发表于 26-1-2008 05:16 PM | 显示全部楼层
Notes:
1. Rexit is a company that focuses on delivering solutions and services to the General Insurance industry.

2. Rexit currently offers several web-based insurance solutions which cater for the front-end marketing and sales functions, as well as the back-end operations and management requirements of insurance companies.

3. The company is also a key Shared Services and Outsourcing (“SSO”) partner to insurance companies by offering its e-Cover application on an Applications Service Provider (“ASP”) model. Rexit has recognized that this ‘pay per use’ model can greatly benefit the insurers, as there is no need for upfront capital expenditure, the high cost of developing and upgrading an application or the related costs of maintaining and managing the required hardware.

4. October 2006, more than 26,000 agents, seven insurance companies, four banks and telcos are participating in e-Cover (one of the largest e-commerce portals in the country).

5. 12/10/2006, Rexit has entered into an agreement with Marubeni Corporation to form a joint venture company, Rexit International Sdn Bhd, to promote, market and sell Rexit’s software products and services in markets outside of Malaysia.
Marubeni is also to purchase 18.93 million shares or 10% of the issued paid-up capital of Rexit’s quoted shares from substantial shareholder, Rexit Venture Sdn Bhd.

6. 23/05/2007, Rexit was appointed to provide its e-cover services to Hong Kong’s Asia Insurance Company Ltd.


要研究的方面:
1. Rexit如何赚钱;
2. Rexit的优势/竞争力;
3. Rexit的敌人是谁?
回复

使用道具 举报

 楼主| 发表于 26-1-2008 05:19 PM | 显示全部楼层
新闻。

Rexit to rake in RM2.7b from foray into Japan

By Rupinder Singh        

Published: 2007/07/13

Rexit International stands to earn US$160 million per annum from a contract with Marubeni Safenet, which is expected to be signed in two months

REXIT Bhd's foray into the lucrative Japanese insurance market is set bring in about RM2.76 billion for the company in five years, a source familiar with the company's plans said.

The company recently took a giant leap into Japan when its unit Rexit International Sdn Bhd received a letter of intent from Marubeni Safenet Co Ltd (Japan) (MSCN) to implement Rexit's insurance software and services there.

"The contract will be for five years and Rexit International stands to earn US$160 million (RM552 milllion) per annum," said the source, who asked not to be named.

If all goes well, the agreement will be signed in two months and Rexit International will start offering its insurance software and services not more than 16 months later.

According to the source, within 30 months about "99.9 per cent" of Rexit's revenue will come from overseas contributions.

Japan has always be a prime target for Rexit ever since its 51 per cent unit, Rexit International, was formed with Marubeni.

MSCN is a subsidiary of Marubeni Corp which in turn holds a 49 per cent equity stake in Rexit International and a 10 per cent stake in Rexit Bhd.

The Japanese insurance market is lucrative with value of US$492 billion (RM1.7 trillion) in terms of insurance premiums, which is about 76 times the size of the Malaysian insurance market, cited Aseambankers in a recent research note.

This is Rexit's second overseas venture following its entry into the Hong Kong and China markets via Asia Insurance Co Ltd.

With the entry into the Japanese insurance market, the second largest market in the world, Rexit is now poised to grow globally.

MSCN represents 25 non-life companies and 15 life insurance companies in Japan.

In fact, its top three clients are Tokio Marine & Nichido, Sompo Japan and Mitsui Sumitomo, which collectively account for more than 62 per cent of the non-life insurance market in Japan.

Each of the three are global giants in their own right and has a presence in Malaysia as well. Coincidentally, each of them are also major stockholders of Marubeni.

"The endorsement by MSCN to replace its existing system with Rexit's e-Cover portal for its insurance business transactions also gives proof of the product's capability and viability, in its ability to replicate and scale up e-Cover services," said Aseambankers.

Rexit's chief executive officer Chung Hon Cheong told Business Times the plan to venture into Japan started a year ago.

"It was not easy but we worked overtime to satisfy their requirements in order to get the letter of intent," he said.

He added that the latest deal will give Rexit the confidence and recognition to move forward.

Aseambankers even indicated that Marubeni may increase its stake in Rexit to ensure control of the invaluable intellectual property rights which is crucial to its business.

http://www.btimes.com.my/Current ... /Article/index_html
回复

使用道具 举报

发表于 26-1-2008 05:21 PM | 显示全部楼层
那么多的新闻都出来了,我看前面三种人一定是大量的购票了。
回复

使用道具 举报

Follow Us
 楼主| 发表于 26-1-2008 05:25 PM | 显示全部楼层
新闻。

11-07-2007: Marubeni may raise Rexit stake

Marubeni Corporation of Japan, which owns 10% of Rexit Bhd, may increase its stake in the latter to ensure control of the invaluable intellectual property (IP) rights, which is crucial to its insurance software and services.

Aseambankers Research said since it started covering the company in January 2007, the stock had gained strong institutional following, with big investment funds, both locally and abroad, emerging among the major shareholders of the company.

On Monday, Rexit's unit, Rexit International Sdn Bhd received a letter of intent from Marubeni's unit — Marubeni Safenet Co, Ltd (Japan) — to implement Rexit's insurance software and services. Marubeni Safenet holds a 49% equity stake in Rexit International.

The insurance software and services will ultimately encompass all aspects of Marubeni Safenet's insurance operations in Japan.

Aseambankers Research said Marubeni Safenet's endorsement of Rexit's e-Cover was a clear sign of the product's potential, making this stock a less conceptual play now.

"Maintain buy and target price of RM3.35, pegged to eight times CY09 EPS. There is further upside to earnings and target price, should its venture in Japan be well executed," it said.

The research house said it came to understand that the letter of intent would soon be replaced by the execution of an agreement, adding that this was a significant event for Rexit. The deal also reduced the time needed for Rexit to break into Japan.

It said the endorsement by Marubeni Safenet to replace its existing system with Rexit's e-Cover portal for its insurance business transactions also proved the product's capability and viability, and its ability to replicate and scale-up e-Cover services.

This event would catalyse Rexit's entry into the lucrative Japanese insurance market , which is valued at US$492 billion (RM1.7 trillion) in terms of insurance premium, 76 times the size of the insurance market in Malaysia and make this stock less of a "conceptual" counter.

Aseambankers Research said it expected Rexit's e-Cover services to encompass Marubeni Safenet's marine insurance operations in Japan (i.e. marine hull, marine cargo and inland transit), which had insurance premiums of US$2 billion, before being used for all other insurance categories.

These categories include fire, voluntary automobile, personal accident, miscellaneous casualty and compulsory automobile liability.

The research house said that ,going forward, Marubeni would most likely fund Rexit's overseas plan at a nominal interest charge.

Marubeni Safenet was set up in 1968 and is an insurance agency that deals with insurance products from 24 non-life insurance companies and 12 insurance companies.

Its top three clients are Tokio Marine & Nichido, Sompo Japan and Mitsui Sumitomo, which collectively account for more than 62% of the non-life insurance market in Japan.

The research house said Marubeni Safenet had considerable expertise in risk solutions, providing corporate customers with insurance products such as trade credit insurance that covered the company's bad debt risks.

http://203.115.192.58/cms/conten ... a-d647d800-84ffe89e
回复

使用道具 举报

 楼主| 发表于 26-1-2008 05:28 PM | 显示全部楼层
Marubeni的文告。


Marubeni agreed to establish joint venture company with a Malaysian insurance-related system company

Oct 13, 2006

Marubeni Corporation has concluded the agreement with the Malaysian “REXIT BERHAD” (hereinafter called REXIT) to establish a joint venture company for the development and administration of an insurance related system in the whole world except Malaysia, on October 12, 2006.

REXIT, listed on MESDAQ in Malaysia, is a company for development and administration of the systems for insurance companies and agencies, and it has more than 50% of the market share in Malaysia, having such as Kurnia, Malaysia’s largest insurance company, Malaysian subsidiaries of Allianz (Gemany) and Tokio Marine, and others, as customers.

Marubeni is planning to invest 1billion and several hundred million Japanese yen in total, for the participation in the management through an acquisition of some portion of the shares of REXIT, as well as for within this year’s establishment of the joint venture company which will control the worldwide development and administration of the insurance related system. It is also planned that this joint venture company will establish local subsidiary for the sales of the products in each country.

Marubeni, which conducts insurance business in many foreign countries and aims an expansion of insurance related business, and REXIT, which aims active development of the business to outside Malaysia, will manage the joint venture business together. Marubeni will offer the worldwide sales network including Japan and REXIT will be in charge of overall development of the system products.

The feature of the REXIT system is as follows :
1. It is a WEB based ASP system for the insurance companies and the insurance agencies.

2. Development, maintenance, and operation will be managed collectively by the server of REXIT.

3. The initial investment burden of the system development for the insurance companies and insurance agencies can be mitigated, and it is possible to charge according to the use of the system.

4. Insurance companies and insurance agencies can be connected by the low-cost Internet without the private lease line.

5. All of the quotation, application, premium payment, customer management, contract management, claim management, etc for insurance can be processed on the one stop at this system.

6. Insurance agency does not have to start separate software programs for each insurance company and is able to work on the same program as well as same interface, and the contract management of plural insurance companies can be done.

In addition, the Japanese insurance business law was revised in April, and as a result, establishment of a small amount and short term insurance company (mini-insurance company) became possible. It is anticipated that there is big demand of this system from those mini-insurance companies, where a system investment is a big problem.

<<Company profile of REXIT>>
Company name : REXIT BERHAD
Location  :  Malaysia
Capital  :  RM14.2mil
Representative  :  Mr. Chung Hon Cheong
Main business :
Development and administration of a system for insurance companies and insurance agencies Development and administration of a bank loan agency system for car dealers

http://www.marubeni.com/news/2006/061013e_1.html

[ 本帖最后由 Mr.Business 于 26-1-2008 05:29 PM 编辑 ]
回复

使用道具 举报


ADVERTISEMENT

发表于 26-1-2008 05:38 PM | 显示全部楼层
原帖由 8years 于 25-1-2008 06:31 PM 发表
这是我目前在mesdaq里看到的最好的公司,可惜好东西不便宜。所以。。。。。。。。。
如果不怕pe高的朋友是可以买进来长期持有的。牛市了那么久,果然好东西都不便宜了。


8年兄和生意兄,何须苦恼呢?其实生意兄说的对,总有买入的机会。只怕有机会时,你不敢要了(公司出现危机或市场崩溃时)



它未必是Mesdaq唯一一间好公司。8年兄,不妨看看 Vitrox。 我只持有少数股权。正打算在星期一尽力用现金买更多。这两天,它跌的很凶,实在让我等了好久。希望我们可以在股东大会时见面。
回复

使用道具 举报

 楼主| 发表于 26-1-2008 05:41 PM | 显示全部楼层

回复 49# tan81 的帖子

有兴趣的话,请tan81兄开帖讨论Vitrox。我想知道她的moat在哪里,是不是适合投资的好公司。

PS:每天我去上班时都会经过Vitrox的。。。
回复

使用道具 举报

发表于 26-1-2008 05:49 PM | 显示全部楼层
Oh,实在令人太惊讶了。这世界果然神奇。我当然愿意分享。希望有一天,生意兄可以代替我们去巡视工厂。哈哈。。。

言归正传,有槟城的同学,他的朋友在Vitrox 工作,并且确认扩展很快。可惜,我还是想亲身到工厂看看。我正在考虑新年前,到工厂参观,并且拍下一些照片。

现在,我就去写一封电邮,做 Appoinment。哈哈。。。

谢谢生意兄的提醒。正好拿另一家Mesdaq公司,AIM的股息,作为交通费和过路费。哈哈。。。。  
回复

使用道具 举报

发表于 26-1-2008 05:51 PM | 显示全部楼层
正好想到,可以顺路经过Kulim,看看Keladi的房产发展情况。或许有哪位Cari的股东愿意,我们可以同行。我会在怡保出发。
回复

使用道具 举报

 楼主| 发表于 26-1-2008 05:58 PM | 显示全部楼层

回复 51# tan81 的帖子

Vitrox好象是做defect inspection machine的,而AIM好象是做bonuslink生意的。

PS:最近读了The Undercover Economist,对企业经营又有新的学习。比较想看到公司的moat在哪里,有没有scarcity power,有没有pricing power。

PS:scarcity power的适当形容是物以稀为贵,你的产品是人家没有,不可取代的,你就能赚大钱。
回复

使用道具 举报

发表于 26-1-2008 08:05 PM | 显示全部楼层

回复 53# Mr.Business 的帖子

tim harford又出了logic of life
不过还找不到电子版

回复

使用道具 举报

 楼主| 发表于 26-1-2008 08:24 PM | 显示全部楼层
Rexit的大众持股记录:

09/06/2006
Number of Public Shareholders :        442
Percentage (%) of Public Spread :47.23%

02/07/2007
Number of Public Shareholders :        582
Percentage (%) of Public Spread :53.85%

13/11/2007
Number of Public Shareholders :        659
Percentage (%) of Public Spread :53.86%

14/12/2007
Number of Public Shareholders :        909
Percentage (%) of Public Spread :53.86%

24/12/2007
Number of Public Shareholders :        1001
Percentage (%) of Public Spread :53.41%
回复

使用道具 举报

 楼主| 发表于 26-1-2008 08:29 PM | 显示全部楼层
Rexit

IPO价钱: RM0.32
IPO日期: 16/11/2005
IPO首日开市价:RM0.43

[ 本帖最后由 Mr.Business 于 26-1-2008 08:33 PM 编辑 ]
回复

使用道具 举报


ADVERTISEMENT

 楼主| 发表于 26-1-2008 08:38 PM | 显示全部楼层
2007年2月,RHB的研究报告摘要:

Entry into Hong Kong motor insurance market. We understand that Rexit is on the verge of securing a contract from one of Japan’s largest motor insurance companies. This contract will allow its customer’s subsidiary in Hong Kong to transact through its e-Cover portal. Hong Kong motor insurance premium alone is worth RM20bn, twice the size of Malaysia’s general insurance premium. In our view, the early entry into the Hong Kong market instead of Japan is driven mainly by:
1) less stringent regulatory requirements in Hong Kong; and
2) better proxy of its effectiveness prior to roll-out in Japan. With a market share of 10%, we estimate FY08-10 revenue contribution from its international e-Cover to increase 7.1% p.a.

&#9830; Revenue boost from medical cover note and vehicle number registration. Beginning 1 July 2007, Government has mandated that medical cover note and vehicle number registration to be transacted electronically (similar to motor insurance). We understand the following:

&#9830; Medical cover notes issued by large insurance companies such as AIA and Great Eastern are to be included as part of the Government e-Insurance initiatives. This will enable the Government to enforce companies to cover their employees with medical insurance. Hence, Rexit will likely benefit from this mandatory requirement as more value-added products and services are added to its e-Cover. With Malaysia’s medical cover note premium valued at RM6bn/year; we expect Rexit’s FY08-10 revenue contribution from this premium to be 9.2%, 7.8% and 7.9% respectively.

&#9830; The process of applying for vehicle numbers by dealers will be covered in the Government e-Insurance. Assuming a total of 500,000 new vehicles a year and a transaction fee of RM15, we estimate Rexit’s FY08-10 revenue contribution from transaction fees to be 0.6%, 0.9% and 1.8% respectively.

&#9830; Forecasts raised. Given the following:
1) earlier-than-expected contribution from its international e-Cover; and
2) additional contribution from medical cover note and vehicle number registration,

we have thus raised our FY08-10 EPS forecast by 17.2%, 16.9% and 17.0% respectively. We believe there may be further upside to our forecasts if the subscription fees are raised (pending approval from Bank Negara Malaysia). Based on PEG of 0.32x, our fair value is raised to RM3.82 (from RM3.08 previously) which implies 60% upside in the share price. Hence, we maintain our Outperform call on the stock.

http://www.sahamas.net/forum5/2525-1.html
回复

使用道具 举报

 楼主| 发表于 26-1-2008 08:39 PM | 显示全部楼层
新闻。

Thursday November 17, 2005

Rexit fetches 12 sen premium on debut

BY LOONG TSE MIN

SOFTWARE application and e-commerce solutions provider Rexit Bhd ended its first-day outing on the Mesdaq market yesterday with a premium of 12 sen, or 37.5%, over its offer price of 32 sen per share.  
The shares opened at 43 sen and closed at 44 sen.  
The counter, which reached a high of 53 sen and a low of 41 sen, was the most actively traded for the day, recording total volume of 9.45 million shares.
回复

使用道具 举报

 楼主| 发表于 26-1-2008 08:41 PM | 显示全部楼层
新闻。

9th Feb 2006: Rexit to provide Commerce Assurance with e-Cover portal

By Ashwin Raman

Rexit Software Sdn Bhd, a wholly-owned subsidiary of Rexit Bhd, has entered into an agreement with Commerce Assurance Bhd on Feb 7 to provide the latter with online e-Cover portal.

In a statement on Feb 8, Rexit said the agreement saw Commerce Assurance become the sixth insurance company to use the e-Cover portal.

The e-Cover portal is an agency business to business service portal that connects the public, insurance agents, telecommunication companies, banks, insurance companies and the Road Transportation Department via Reward-Link.com Sdn Bhd to perform internet-based insurance transactions.

Other insurance companies using the e-Cover portal include Kurnia Insurans Bhd, Tokio Marine Insurans Bhd, Allianz General Insurance Malaysia Bhd, Jerneh Insurance Bhd and Multi-Purpose Insurance Bhd.

It said with over 19,000 registered users, six insurers, three banks and telecommunications companies participating, the e-Cover portal was one of the largest in the country where in its first full year of operations, about 3.3 million policies covering RM1.29 billion in terms of premium value have been transacted.
回复

使用道具 举报

 楼主| 发表于 26-1-2008 08:42 PM | 显示全部楼层
新闻。

12th April 2006: Rexit to provide e-Hire purchase for AmBank

By Tamimi Omar

Rexit Bhd, a leading e-Business service provider for the financial services sector, has secured a deal to provide its proprietary e-Cover portal services to AmBank (M) Bhd, marking its expansion into the hire purchase industry.

In a statement on April 12, Rexit said under a service agreement signed with AmBank, its e-Cover portal services would facilitate electronic applications and processing of the bank's hire purchase business.

The e-Cover portal is a gateway for the flow of data among the public, agents, insurance companies, the Road Transport Department (RTD), banks and telecommunications companies for the issue of cover notes to support new and renewal of insurance for motor vehicles.

It also extends to other classes of general insurance such as fire, marine, foreign workers insurance guarantee, and drivers and passengers personal accident.

Rexit chief executive officer Chung Hon Cheong said with more than 22,000 registered users, six insurance companies, three banks and the participating telcos, the e-Cover portal was one of the largest e-Business portals in the country.
回复

使用道具 举报

您需要登录后才可以回帖 登录 | 注册

本版积分规则

 

ADVERTISEMENT



ADVERTISEMENT



ADVERTISEMENT

ADVERTISEMENT


版权所有 © 1996-2023 Cari Internet Sdn Bhd (483575-W)|IPSERVERONE 提供云主机|广告刊登|关于我们|私隐权|免控|投诉|联络|脸书|佳礼资讯网

GMT+8, 29-3-2024 04:06 AM , Processed in 0.068045 second(s), 20 queries , Gzip On.

Powered by Discuz! X3.4

Copyright © 2001-2021, Tencent Cloud.

快速回复 返回顶部 返回列表