PIAM Urges Members To Develop New Products For Growing Economy Kuala Lumpur, 22 April 2013 -The general insurance industry registered a growth of 8.2% in gross premiums to reach RM15.180 billion in 2012, compared to an increase of 7.85% (RM14.029 billion) in 2011. Net premiums grew at a rate of 8.3% to reach [...]
Kuala Lumpur, January 12 - General insurers in Malaysia expect a difficult 2009 as the global economic slowdown takes its toll on insurance premium growth, says Persatuan Insurans Am Malaysia (PIAM). According to PIAM, general insurance companies are bracing for a rough 2009 as average motor premium continues to fall while insurers suffer [...]
Kuala Lumpur, 10 January 2002 - Many of the world's leading reinsurance companies have given notice that they plan to quit providing coverage to direct insurance companies for losses from future terrorist attacks with effect from January 1, 2002. This measure by the reinsurers to exclude terrorism cover from their reinsurance treaties with direct [...]
Kuala Lumpur, 14 December 2001 - The General insurance Association of Malaysia (PIAM) offers a simple 3Cs guidelines to help consumers ensure that they are indeed properly insured. Consumers are advised to: Complete their motor insurance proposal forms honestly and accurately before signing it. Check their policies upon receipt to ensure the information stated [...]
