201, 2025

Insurers and Takaful Operators-Repairers Code of Conduct

January 2nd, 2025|

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 Federation of Automobile Workshop Owners' Association of Malaysia (FAWOAM). The Code is aimed at fostering public [...]

2012, 2024

INDUSTRI INSURANS DAN TAKAFUL MEMPERKENALKAN LANGKAH-LANGKAH INTERIM UNTUK PEMEGANG POLISI/PESERTA TAKAFUL YANG TERKESAN OLEH PENETAPAN SEMULA PREMIUM/SUMBANGAN

December 20th, 2024|

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 penetapan semula harga premium/sumbangan.  KUALA LUMPUR, 20 Disember 2024 – Persatuan Insurans Hayat Malaysia (LIAM), Persatuan [...]

2012, 2024

INSURANCE AND TAKAFUL INDUSTRY INTRODUCES INTERIM MEASURES FOR POLICYHOLDERS/TAKAFUL PARTICIPANTS IMPACTED BY PREMIUM/CONTRIBUTION REPRICING

December 20th, 2024|

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 of Malaysia (LIAM), the Malaysian Takaful Association (MTA) and Persatuan Insurans Am Malaysia (PIAM) have [...]

212, 2024

PIAM MENJAMIN BANTUAN DAN PEMPROSESAN TUNTUTAN LANCAR KEPADA MANGSA BANJIR

December 2nd, 2024|

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 komited untuk memainkan peranan penting dalam usaha menyokong mangsa banjir dengan memberikan bantuan secepat mungkin [...]

212, 2024

PIAM ASSURES FLOOD VICTIMS ON SWIFT CLAIMS PROCESSING AND SUPPORT

December 2nd, 2024|

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 a crucial role in supporting flood victims by providing timely assistance and expediting the claims [...]

2811, 2024

INSURANCE AND TAKAFUL INDUSTRY ADDRESS CONCERNS ON MEDICAL PREMIUM INCREASES AMIDST RISING HEALTHCARE COSTS

November 28th, 2024|

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 this time. Rising Claims and Medical Inflation Over the period of 2021 to 2023, the [...]

810, 2024

PIAM APPOINTS CHUA KIM SOON AS CHIEF EXECUTIVE OFFICER

October 8th, 2024|

Kuala Lumpur, 8 October 2024 – Persatuan Insurans Am Malaysia (PIAM) wishes to announce the appointment of Chua Kim Soon (Kim Soon) as the Chief Executive Officer of the Association. He will succeed Julie Lean Gim Chong, effective from 7 October 2024. Mr Chua Kim Soon, PIAM Chief Executive Officer   PIAM’s Chairman, Ng Kok Kheng and its Board Directors welcome Kim Soon and look forward to working together to [...]

2507, 2024

MOTORISTS ENCOURAGED TO #JOMLEVELUP THEIR MOTOR INSURANCE AND TAKAFUL KNOWLEDGE WITH MORE EDUCATIONAL RESOURCES

July 25th, 2024|

Kuala Lumpur, 25 July 2024 – Persatuan Insurans Am Malaysia (“PIAM”) and  Malaysian Takaful Association (“MTA”), together with their respective member companies, in collaboration with Bank Negara Malaysia (BNM), announce the launch of a comprehensive educational microsite, a brand film, and an exciting contest designed to empower motorists and promote safe driving practices under the  multi-year #JomLevelUp Consumer Education Programme (“CEP”). The new microsite, titled #JomLevelUp, serves as a one-stop [...]

1707, 2024

PIAM APPLAUDS APPROVAL OF NEW MOTOR VEHICLE REPAIR STANDARDS

July 17th, 2024|

Kuala Lumpur, 17 July 2024 – PIAM, the General Insurance Association of Malaysia, enthusiastically supports the Malaysian Standard – Motor Vehicle Aftermarket Smash Repair Requirements. This significant standard was approved by YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister of Investment, Trade and Industry Malaysia (MITI), on 30 May 2024. This heralds a new era of excellence and professionalism within the motor vehicle accident repair industry and [...]

905, 2024

PIAM ANNOUNCES NEW BOARD OF DIRECTORS FOR 2024 – 2026

May 9th, 2024|

 Mr Ng Kok Kheng, Chairman of PIAM Board of Directors Kuala Lumpur, 9 May 2024 – Persatuan Insurans Am Malaysia (PIAM) announces the appointment of its Board of Directors for the 2024 to 2026 term, effective 25 April 2024. Mr Ng Kok Kheng was elected as Chairman of the Board for a two-year term. He brings over 30 years of experience in the insurance industry, including 17 years as CEO [...]

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