180 Staff of the General Insurance Industry Gather To Plant Saplings At Raja Musa Peat Forest Reserve Kuala Lumpur, 21 October 2014 – The General Insurance Association of Malaysia (PIAM) celebrated this year’s General Insurance Day with a tree planting event at the Raja Musa Peat Swamp Forest Reserve near Batang Berjuntai, Selangor, [...]
Kuala Lumpur, 26 September 2014 – The General Insurance Association of Malaysia (PIAM) expects the Budget 2015 to continue to focus on measures to further liberalize and strengthen the nation’s insurance and takaful sector. In tandem with the favourable economic performance as indicated by the positive GDP growth of 6.3 per cent during [...]
Non-Motor Business Lines Performing Well with Strong Growth Potential Kuala Lumpur, 23 September 2014 – The Malaysian General Insurance industry has continued to register steady growth in the first six months of 2014 with its gross written premium growing by 6.4 per cent to RM 8.9 billion compared to RM 8.3 billion registered [...]
1.Background In Malaysia, the sum Insured for a basic fire policy is calculated based on the cost of rebuilding/reconstructing the building in the event of a total loss to its current state (excluding the cost of land). This is however subject to the terms and conditions of the Malaysian Fire Tariff. 2.Property under [...]
Kuala Lumpur, 2 August 2014 – The General Insurance Association of Malaysia (PIAM) revealed that net claims incurred by general insurers and takaful operators for bodily injury and property damages due to road accidents has increased to RM1.384 billion in the first quarter of 2014, representing a 5 per cent increase from RM1.319 [...]
Kuala Lumpur, 30 July 2014 – In a statement issued today, the General Insurance Association of Malaysia (PIAM) clarified the insurance coverage and claims options available to the next-of-kin of victims of the MH 17 tragedy. PIAM revealed that there have been many queries on the coverage that general insurance policies provide against [...]
30 July 2014 The General Insurance Association of Malaysia (PIAM), representing all general insurers and reinsurers in Malaysia, is deeply saddened by the loss of lives as a result of the MH17 tragedy which has left the nation in shock. We offer our heartfelt condolences to the families and friends of all those [...]
MH17 INCIDENT – STATEMENT BY PERSATUAN INSURANS AM MALAYSIA (PIAM) Kuala Lumpur, 18 July 2014 – The General Insurance Association of Malaysia (PIAM), representing all general insurers and reinsurers in Malaysia, is deeply saddened by the loss of lives as a result of the MH17 tragedy which has left the nation in shock. [...]
Kuala Lumpur, 27 May 2014 – The General Insurance Association of Malaysia (PIAM), representing all general insurers and reinsurers in Malaysia, has affirmed that its members have collectively agreed to simplify procedures for processing all the personal accident insurance claims for passengers and crew members on-board MH370. Due to the nature of this [...]
1) Why is travel insurance a necessity? What are the benefits of travel insurance (generally)? Like any other insurance products, travel insurance is purchased to provide protection against travel-related accidents, losses or interruption. The cover is usually limited to the period of travel, however, some insurance companies may offer various combinations of protection [...]
