EVENT: General Insurance Day 2016 – Every Road User Has A Family Drive Safe
Every Road User Has A Family Drive Safe #DriveSafe4Family 22 October 2016, Saturday 10 AM – 10 PM Berjaya Times Square, Kuala Lumpur Persatuan Insurans Am Malaysia (PIAM) will be commemorating the General Insurance Day 2016 with a Drive Safe Campaign on Saturday, 22 Oct 2016 from 10 AM to 10 PM at LG West Concourse, Berjaya Times Square Kuala Lumpur. The aim of this campaign is [...]
GENERAL INSURANCE INDUSTRY ACHIEVES MODERATE 3% GROWTH IN FIRST HALF 2016
Kuala Lumpur, 24 Aug 2016 – The general insurance industry recorded a moderate growth rate of 3% for the first six months of 2016, amidst earlier sentiments that it will be a challenging year for its members. Industry gross written premiums increased to RM9.34 billion compared to RM9.07 billion for the same period last year. Motor insurance grew marginally by 0.7% and maintained its major share of the [...]
ABOUT GENERAL INSURANCE AGENTS CONVENTION (GIAC) 2016
ABOUT GENERAL INSURANCE AGENTS CONVENTION (GIAC) 2016 PIAM’s inaugural General Insurance Agents Convention (GIAC) 2016 is an important event for the industry and brings together top performing agents representing all member companies of PIAM. Themed “Distribution in a Liberalised Environment”, the GIAC was held on 4 Aug 2016 at Connexion@Nexus, Bangsar South City. It was timely given the recent announcement on the Phased Liberalisation Roadmap by Bank Negara [...]
NEWS: Phased Liberalisation Of The General Insurance Industry In Malaysia
Visit our YouTube Channel for videos on Phased Liberalisation Read Bahasa Malaysia version here TOP 10 THINGS THAT YOU SHOULD KNOW ABOUT THE IMPLEMENTATION OF PHASED LIBERALISATION OF MOTOR AND FIRE TARIFFS Kuala Lumpur, 15 July 2016 (updated 31 Mar 2017) Motor and Fire insurance are mandatory insurance protection and accounts for close to two-thirds, i.e. 66% of the total general insurance market in 2015. [...]
INSURANCE AND TAKAFUL INDUSTRY OPERATING AS NORMAL ON FRIDAY, 8 JULY
Kuala Lumpur, 30 June 2016 – We refer to the announcement made by the Chief Secretary to the Government, Tan Sri Dr Ali Hamsa, that the Federal civil servants have been given an additional Hari Raya holiday on Fri, 8 July 2016 should the first day of Hari Raya fall on Wed, 6 July 2016. Kindly be informed that the insurance and takaful industry will be operating as [...]
NEWS : WHAT TO DO IN THE EVENT OF A ROAD ACCIDENT
Kuala Lumpur, 30 June 2016 - Road accidents can happen to us anytime. When an unexpected car accident happen, it can leave us feeling confused which may resulted in us seeking help from unknown parties. PIAM and MTA wish to advise consumers that it is important to be fully informed on the correct procedures to be adopted in an event of an accident to ensure that the consumers’ [...]
NEWS: PIAM ANNOUNCES 2016/2017 MANAGEMENT COMMITTEE MEMBERS
Kuala Lumpur, 27 April 2016 – Persatuan Insurans Am Malaysia (PIAM) has elected Mr. Antony Lee, CEO of AIG Malaysia Insurance Bhd as its Chairman at the Association’s 38th Annual General Meeting held on 22 April 2016. Mr. Antony Lee said “It’s a great honour for me to be given this opportunity to lead the Management Committee of PIAM. Over the last 2 years the Association has embarked [...]
PIAM’S REPLIES TO THE MALAYSIAN RESERVE
Question 1 Insurance firms starting July can decide the motor insurance without using their tariff table. What sort of early issues that we can expect from the de-tarification practice? Answer 1 The liberalisation of the Motor and Fire Tariffs, will be managed through a phased approach to allow time for consumers and industry to adjust to the new operating environment. In the first phase of the Liberalisation Roadmap, [...]
PIAM: GENERAL INSURANCE INDUSTRY GROWS AT 2.3% IN 2015
Kuala Lumpur, 3 March 2016 – The General Insurance Industry achieved 2.3% growth for 2015 with gross written premiums of RM17.49 billion. This was a slower rate compared to the 5.9% growth achieved in 2014. Motor insurance the dominant line of business grew at 2.1% and garnered a market share of 46.3% with gross written premiums increasing to RM8.1 billion from RM7.9 billion in 2014. The Fire class [...]
ANNOUNCEMENT: GIIFT NEXT INTAKE: 1 JUN – 31 AUG 2016
GIIFT - PUBLICITY BOARD - Jun-Aug 16
