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 [...]
Kuala Lumpur, 2 Disember 2024 – Persatuan Insurans Am Malaysia (PIAM) dengan ikhlasnya merakamkan rasa simpati kepada mereka yang terjejas akibat banjir besar baru-baru ini, terutamanya di negeri-negeri bahagian utara Semenanjung Malaysia. Dengan lebih 139,000 individu dipindahkan, kesan akibat banjir tahun ini adalah lebih teruk daripada yang berlaku pada 20141. PIAM dan syarikat ahli kami [...]
Kuala Lumpur, 2 December 2024 – Persatuan Insurans Am Malaysia (PIAM) extends its heartfelt sympathies to those affected by the recent devastating floods, particularly those in the northern states of Malaysia. With over 139,000 individuals displaced, this year's floods have surpassed the impact of the 2014 floods1. PIAM and its member companies are committed to playing [...]
KUALA LUMPUR 28 November 2024 – The Life Insurance Association of Malaysia (LIAM), the Malaysian Takaful Association (MTA) and Persatuan Insurans Am Malaysia (PIAM) acknowledge the concerns raised by policyholders regarding the recent increase in medical premiums. We understand that these adjustments may cause concern, and we are committed to providing transparency and support during [...]
