Talenz No.11
Talenz 11 (Dec 15 Issue).
NEWS: NEXT INTAKE FOR GIIFT IS OPEN (INTAKE: OCT – DEC 2015)
GIIFT-PUBLICITY-BOARD-Oct-Dec-15
EVENT: REGISTRATION IS OPEN FOR MARINE INSURANCE KNOWLEDGE SEMINAR ON 4 AUGUST
PIAM is pleased to organize the inaugural Marine Insurance Knowledge Seminar (MIKS) on 4 August 2015. Aligned to its theme, Loss Prevention & Risk Management in Marine Cargo Insurance, MIKS will discuss the current issues posing new challenges to the marine insurance fraternity and the industry at large. It aims to gather industry’s marine insurance practitioners and other [...]
SUNDAY STAR MEDIA QUERY ON TRAVEL INSURANCE
1) Why is travel insurance a necessity? What are the benefits of travel insurance (generally)? Like any other insurance products, travel insurance is purchased to provide protection against travel-related accidents, losses or interruption. The cover is usually limited to the period of travel, however, some insurance companies may offer various combinations of protection [...]
MALAYSIAN GENERAL INSURANCE INDUSTRY CONTINUES TO GROW
Kuala Lumpur, 2 April 2014 – On the back of a relatively strong domestic demand, supported by ongoing mega projects, and increased consumer awareness on business and personal risks, the general insurance industry recorded positive growth in 2013 with total gross written premium income increasing by 6.4 percent to RM16.2 billion compared to RM15.2 [...]
PERSATUAN INSURANS AM MALAYSIA STATEMENT ON MH370 INCIDENT
Kuala Lumpur, 14 March 2014: The General Insurance Association of Malaysia (PIAM), representing all the general insurers and reinsurers in Malaysia, is shocked and deeply saddened by the MH370 incident. Our hearts go out to the families and friends of the passengers and crew of MH370. The Association is keeping track of the [...]
INTERVIEW ON HOME/PROPERTY INSURANCE
1.Please share with us the type of home/property insurance coverage available for homeowners and home buyers. Buying a house is most likely the biggest investment for most people, yet, many people are not aware if they have taken up adequate home insurance to protect their property assets. Generally, there are three main types [...]
INTERVIEW ON INSURANCE COVER FOR MODIFIED VEHICLES
1) Will ‘modified’ vehicle be covered by motor insurance? All insurance contracts require both parties to observe utmost good faith and not deliberately mislead the other party or to hide material facts. In this instance, a modified car may increase the risk exposures resulting in higher premium payable or at the extreme, render [...]
MOTOR INSURANCE PREMIUM ADJUSTMENT
Kuala Lumpur, 6 February 2014 – The General Insurance Association of Malaysia (PIAM) wishes to clarify that the gradual premium adjustment under the new motor cover framework had been introduced in 2012. The new motor cover framework has a two prong strategy, i.e. to enhance efficiency in the provision of motor cover by [...]
