News Release

Kuala Lumpur, 29 April 2025 – Malaysia’s General Insurance (GI) industry recorded a resilient performance in 2024, with Gross Written Premium (GWP) growing by 6.9% Year-on-Year (YoY) to RM23.1 billion, driven primarily by the recovery in vehicle sales and continued momentum in infrastructure and liability-related insurance. The GI industry remained robust despite global economic headwinds [...]

Kuala Lumpur, 21 March 2025 – With an estimated 2.5million vehicles expected to be on major highways this Raya, road safety is paramount. Despite a 1.4% decrease in reported accidents in 2024 compared to 2023, vigilance remains crucial. The Malaysian government, along with regulatory bodies and road safety advocates, including the general insurance industry are [...]

KUALA LUMPUR, 7 March 2025 – The Life Insurance Association of Malaysia (LIAM), the Malaysian Takaful Association (MTA) and Persatuan Insurans Am Malaysia (PIAM) held a productive session with the Public Accounts Committee (PAC) in a bid to address the escalating costs of healthcare and insurance premiums. The engagement session held in Parliament on 26 [...]

Kuala Lumpur, 27 January 2025 – Persatuan Insurans Am Malaysia (PIAM) welcomes the recent statement by Road Transport Department (RTD) Director-General Datuk Aedy Fadly Ramli, regarding the need for stricter compliance with auction standards for vehicles categorised as Beyond Economic Repair (BER) and Approved Automotive Treatment Facility (AATF) on 19 January 2025. General insurance and [...]

Kuala Lumpur, 17 January 2025 – As Chinese New Year approaches, the skies are soon to be painted with vibrant bursts of lights. However, these dazzling displays pose real risks, including accidental fires and property or vehicle damage, which could lead to significant financial losses. Therefore, it’s important to ensure adequate insurance protection against potential [...]

Bank Negara Malaysia (BNM) has issued the Insurers and Takaful Operators-Repairers Code of Conduct (the Code) today, effective from 2 January 2025. The Code is a cross-sector industry-driven initiative consisting of the general insurers and takaful operators (ITOs), repairers and industry associations such as Persatuan Insurans Am Malaysia (PIAM), Malaysian Takaful Association (MTA) and the [...]

Langkah-langkah termasuk menaikkan premium/sumbangan secara berperingkat, peruntukan khas untuk pemegang polisi/peserta takaful berusia 60 tahun ke atas yang dilindungi oleh pelan yang minima, memberi pilihan untuk mengaktifkan semula polisi/sijil yang telah diserahkan atau luput, perkhidmatan sokongan khusus dan memberi pilihan untuk produk alternatif kepada mereka yang tidak ingin terus dilindungi oleh pelan yang telah melalui [...]

Measures include spreading out premium/contribution increases affected by repricing, special provisions for 60 years old and above policyholders/participants who are covered under minimum plan, options to reinstate surrendered/lapsed policies and dedicated support services, and offering of alternative products for those who do not wish to continue due to repricing KUALA LUMPUR 20 December 2024 – The Life Insurance Association [...]