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 [...]
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, 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 [...]
