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Phased Liberalisation, Covid-19 And The Motor Insurance Industry

Kuala Lumpur, 23 March 2021 – As the global pandemic enters its second year with uncertainty persisting on the extent to which it will continue to affect daily life, it is opportune for Persatuan Insurans Am Malaysia (PIAM) to provide a commentary and an update of its impacts on the motor insurance industry [...]

April 13th, 2021|Uncategorized|

Announcement

Kuala Lumpur, 15 October 2020 – Persatuan Insurans Am Malaysia (PIAM) has announced the appointment of Julie Lean Gim Chong as the Chief Executive Officer Designate of the Association with effect from 15 October 2020. There will be a phased handover transition until she takes over the duties of the current CEO, Mark Lim [...]

April 13th, 2021|Uncategorized|

PIAM’s Flood Advisory

Kuala Lumpur, 8 October 2020 – The General Insurance Association of Malaysia (PIAM) urges the public to be prepared to protect their assets from possible flood damage and other natural disasters, in preparation of the monsoon transition phase which commenced on 24 September 2020 and expected to last till end November 2020. According to [...]

April 13th, 2021|Uncategorized|

PIAM Expresses Profound Disappointment At MyCC’s Decision

Kuala Lumpur, 30 September 2020 – PIAM and its members are profoundly disappointed by the Final Decision issued by MyCC on 14 September 2020 against PIAM and 22 general insurers. MyCC has found that PIAM and the insurers had infringed the Competition Act 2010 in relation to an arrangement between PIAM and the Federation [...]

April 13th, 2021|Uncategorized|

General Insurance Industry Declined 3.6% In The First Half Of 2020

Kuala Lumpur, 13 August 2020 – The General Insurance Industry registered its steepest half year drop in recent years as it bore the full brunt of the COVID-19 pandemic. Gross direct premiums declined 3.6% to RM 8.60 billion for the first six months of 2020 compared to the same period last year. Motor the [...]

April 13th, 2021|Uncategorized|

PIAM Appoints Board Of Directors For 2020-2022

Kuala Lumpur, 2 July 2020 – At its Annual General Meeting today Persatuan Insurans Am Malaysia (PIAM) appointed a 10-member Board of Directors for 2020-2022. In line with the strategic transformation of PIAM this newly established Board will take over the role of the previous Management Committee. It will position the Association to operate [...]

April 13th, 2021|Uncategorized|

Insurance and Takaful industry’s RM8 Million COVID-19 Test Fund broadens eligibility criteria to include Emergency and Semi Emergency cases

Kuala Lumpur, Wednesday, 13 May 2020 – In addressing the needs of the policyholders/certificate holders and to protect the healthcare front liners from the risk of COVID-19 infection, the Life Insurance Association of Malaysia (LIAM), Persatuan Insurans Am Malaysia (PIAM) and the Malaysian Takaful Association (MTA) have broadened the eligibility criteria of the RM8 [...]

April 13th, 2021|Uncategorized|

PIAM Member Companies Expediting Flood Claims

Kuala Lumpur, 11 Jan 2021 – Persatuan Insurans Am Malaysia (PIAM), the General Insurance Association of Malaysia wishes to assure flood victims, who have purchased a flood cover as part of their general insurance policy that its members are ready to quicken the claims process and pay out claims against losses caused by the [...]

March 31st, 2021|Uncategorized|

General Insurance Claims During Emergency Proclamation

Kuala Lumpur, 13 Jan 2021 – Persatuan Insurans Am Malaysia (PIAM), wishes to assure all general insurance policyholders that claims incurred during the Emergency Proclamation period will be paid according to their policy terms and conditions. All policyholders, both businesses and individuals are advised to obtain more information from their respective insurance companies. [...]

March 31st, 2021|Uncategorized|
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