GENERAL INSURANCE AND TAKAFUL INDUSTRY PROMOTES ACCIDENT ASSIST CALL CENTRE (AACC) SERVICES DURING CHINESE NEW YEAR RM 15.5 Million Paid Out Daily For Motor Insurance Claims 4 March 2015 – The motor insurance industry in Malaysia carries a heavy burden in paying out claims cost arising from road traffic accidents. In 2014, the [...]
Kuala Lumpur, 17 February 2015 – The General Insurance Association of Malaysia (PIAM) wishes to clarify that the latest revision to Motor Insurance Premium is a continuation of Motor Tariff premium rate adjustments under the New Motor Cover Framework introduced in 2012. The New Motor Cover Framework was introduced by Bank Negara Malaysia to [...]
Kuala Lumpur, 9 February 2015 – PIAM: GENERAL INSURANCE INDUSTRY SHOWS RESILIENCE IN 2014, RECORDS 5.9% GROWTH Strong Performance and Growth Achieved For Non-Motor Business Lines The General Insurance Association of Malaysia (PIAM) reported that the general insurance industry grew at a steady rate in 2014 with gross written premiums increasing by 5.9% [...]
RM 15.5 Million Paid Out Daily For Motor Insurance Claims 4 March 2015 – The motor insurance industry in Malaysia carries a heavy burden in paying out claims cost arising from road traffic accidents. In 2014, the total payout in motor claims incurred by both general insurers and takaful operators was RM 5.64 [...]
Kuala Lumpur, 14 January 2015 – The General Insurance Association of Malaysia (PIAM), through its Young Manager Think Tank (YMTT), recently held its annual breakfast talk to motivate young industry talents. This year, the YMTT invited Yasmin Rasyid, Founder and President of EcoKnights, a local non-profit environmental organisation, as guest speaker. PIAM ORGANIZES BREAKFAST [...]
Kuala Lumpur, 30 December 2014 – The General Insurance Association of Malaysia (PIAM) wishes to assure flood victims, who have purchased a flood cover as part of their general insurance policy that its members are ready to pay out claims against losses caused by the current flood situation. PIAM member companies will process [...]
Kuala Lumpur, 30 October 2014 – Bank Negara Malaysia introduced the New Motor Cover Framework in 2012 and the Framework paves the way for the detariffing of motor insurance premiums by 2016. The General Insurance Association of Malaysia (PIAM) supports the Government’s move to liberalize the insurance sector as it is expected to [...]
Measures Undertaken To Relieve Flood Victims’ Financial Burden Kuala Lumpur, December 26, 2014 – The members of the General Insurance Association of Malaysia (PIAM) and the Malaysian Takaful Association (MTA) have again joined forces to proactively assist flood victims around the country. This is to address the needs of flood victims in Kelantan, [...]
Kuala Lumpur, 24 October 2014 – The General Insurance Association of Malaysia (PIAM) has recently appointed Mark Lim Kian Wei as the Association’s new Chief Executive Officer. “PIAM’s top priority remains improving and advancing the general insurance industry to contribute further to the nation’s sustainable economy. Mark will be responsible for driving and [...]
Letter to the Editor The Editor The Star Menara Star No 15 Jalan 16/11 46350 Petaling Jaya Selangor Dear Editor, We refer to the article headlined “Motor insurance indemnity concern” published in the VIEWS section of The Star on 30 September 2014. The Persatuan Insurans Am Malaysia (PIAM) and the Malaysian Motor Insurance [...]
