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  Kuala Lumpur, 1 April 2024 – The general insurance industry recorded an increase in gross written premiums of 7.8% to RM21.4 billion for 2023 compared to the previous year. Despite the positive trajectory, the underwriting profit experienced a contraction of 26%, settling at RM1.16 billion. This decline is largely due to contraction in profitability [...]

Kuala Lumpur, 29 February 2024 – The general insurance industry in Malaysia fully supports the development of Malaysian Standard - Motor Vehicle Aftermarket Smash Repair Requirements (“JSM MS”), anticipated for release by Jabatan Standard Malaysia (“JSM”) in early 2024. Elevating standards and professionalism The JSM MS aims to uplift the quality and professionalism of motor [...]

Kuala Lumpur, 29 February 2024 - The Joint Committee on Climate Change (JC3) held its 12th meeting on 23 February 2024 to review the progress of ongoing work and discuss priorities and action plans of JC3 for the year. In 2024, JC3 will continue to work with the Government, the financial industry and its partners [...]

#JomLevelUp Consumer Education Programme, a commitment to consumer education and empowerment towards the adoption of digital solutions for smoother motor insurance/takaful claims process #ILuvMyRide contest in conjunction with the Chinese New Year celebration to share positive stories about their car or motorcycle rides   Kuala Lumpur, 14 February 2024 - Persatuan Insurans Am Malaysia (“PIAM”) [...]

Kuala Lumpur, 19 January 2024 – Persatuan Insurans Am Malaysia (“PIAM”) looks forward to the upcoming release of the Malaysian Standard - Motor Vehicle Aftermarket Smash Repair Requirements (“MS”) in the first quarter of this year. The MS is poised to establish new standards for the safe and proper repair of accident-involved motor vehicles. This [...]

Kuala Lumpur, 4 January 2024 – With persistent torrential rain affecting numerous states in Malaysia, it’s crucial for Malaysians to take immediate measures to protect their property and belongings. This proactive measure is to ensure a faster post-flood recovery. Undoubtedly, among the various disasters in Malaysia, floods are a recurring challenge, especially during monsoon season, [...]

Kuala Lumpur, 14 December 2023 - Persatuan Insurans Am Malaysia (PIAM), Malaysian Takaful Association (MTA) and Life Insurance Association of Malaysia (LIAM) in collaboration with Bank Negara Malaysia (BNM), have released the results of the Customer Satisfaction Survey 2022 (CSS 2022). The findings, particularly within the general industry, revealed notable improvement in the Customer Satisfaction [...]

Kuala Lumpur, 6 December 2023 – Persatuan Insurans Am Malaysia (“PIAM”) is in support of the Ministry of Investment, Trade and Industry’s (“MITI”) proactive initiative in development of Malaysian Standard - Motor Vehicle Aftermarket Smash Repair Requirements (“JSM MS”). Anticipated to be officially launched by Jabatan Standard Malaysia (“JSM”) in early 2024, the JSM MS [...]

Kuala Lumpur, 22 November 2023 – The general insurance industry has recorded an increase in gross direct premiums of 7.3% to RM10.5 billion for first half of 2023 compared to the corresponding period in the previous year. Despite the positive trajectory, the underwriting profit had experienced a contraction of 37.8%, settling at RM0.5 billion. This [...]

Kuala Lumpur, 15 November 2023 - The Malaysian Takaful Association (MTA), Life Insurance Association of Malaysia (LIAM), and Persatuan Insurans Am Malaysia (PIAM), in collaboration with Bank Negara Malaysia (BNM), have released the findings of the Customer Satisfaction Survey 2022 (CSS 2022). Overall, the survey has shown encouraging trends in the industry, with a notable [...]