Kuala Lumpur, 26 March 2015 - The Goods and Services Tax (GST) will be implemented effective 1 April 2015. To help policyholders better understand how GST will impact their general insurance policies, the General Insurance Association of Malaysia has listed down some commonly asked questions explaining how GST implementation may affect their general [...]
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, 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 [...]
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 [...]
