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 related parties to enhance and update their knowledge by keeping pace with international maritime developments and [...]
NEWS : MTA AND PIAM PROMOTE AACC HOTLINE TO ENHANCE ROAD SAFETY DURING HARI RAYA
Kuala Lumpur, 13 July 2015 - According to the General Road Accident Data in Malaysia (1997 – 2014), road accidents in Malaysia have increased significantly over the past 10 years with 476,196 accidents in 2014 compared to 326,815 accidents in 2004, an increase of 46% or 149,381 cases. Since 2000, the number of registered vehicles has also increased by 6% each year with more than 25 million registered [...]
NEWS : PIAM AND LIAM COLLABORATE WITH THE ASEAN INSURANCE COUNCIL (AIC) TO RAISE AWARENESS ON THE AEC AND PROVIDE INSURERS A PLATFORM TO PREPARE FOR THE OPEN MARKET
Is Malaysia ready for the ASEAN Economic Community (AEC)? PIAM and LIAM collaborate with the ASEAN Insurance Council (AIC) to raise awareness on the AEC and provide insurers a platform to prepare for the open market KUALA LUMPUR, MALAYSIA, 22 MAY 2015 – The ASEAN Insurance Council (AIC) has taken a lead role in creating greater awareness on the ASEAN Economic Community (AEC) Blueprint for the integration of [...]
NEWS : PIAM ANNOUNCES 2015/2016 MANAGEMENT COMMITTEE MEMBERS
28 April 2015 - Persatuan Insurans Am Malaysia (PIAM) re-elected Mr. Chua Seck Guan as its Chairman at the Association’s 37th Annual General Meeting held on 21 April 2015. Mr. Chua who is the Chief Executive Officer of MSIG Insurance (Malaysia) Bhd said that he was privileged to continue serving as Chairman of PIAM. The Association has recently unveiled a new logo in line with its overall transformation. [...]
NEWS : PIAM FAQs ON GST IMPACTS ON GENERAL INSURANCE PRODUCTS
Kuala Lumpur, 26 March 2015 - The Goods and Services Tax (GST) will be implemented effective 1 April 2015. To help policyholders better understand how GST will impact their general insurance policies, the General Insurance Association of Malaysia has listed down some commonly asked questions explaining how GST implementation may affect their general insurance policies. 1 What is the Goods and Services Tax (GST)?GST enforced under the [...]
PIAM FAQs ON GST IMPACTS ON GENERAL INSURANCE PRODUCTS
Kuala Lumpur, 26 March 2015 - The Goods and Services Tax (GST) will be implemented effective 1 April 2015. To help policyholders better understand how GST will impact their general insurance policies, the General Insurance Association of Malaysia has listed down some commonly asked questions explaining how GST implementation may affect their general insurance policies. 1 What is the Goods and Services Tax (GST)?GST enforced under the Goods [...]
GENERAL INSURANCE AND TAKAFUL INDUSTRY PROMOTES ACCIDENT ASSIST CALL CENTRE (AACC) SERVICES DURING CHINESE NEW YEAR
GENERAL INSURANCE AND TAKAFUL INDUSTRY PROMOTES ACCIDENT ASSIST CALL CENTRE (AACC) SERVICES DURING CHINESE NEW YEAR RM 15.5 Million Paid Out Daily For Motor Insurance Claims 4 March 2015 – The motor insurance industry in Malaysia carries a heavy burden in paying out claims cost arising from road traffic accidents. In 2014, the total payout in motor claims incurred by both general insurers and takaful operators was RM [...]
NEWS: PIAM Statement On Motor Insurance Premium Adjustment
Kuala Lumpur, 17 February 2015 – The General Insurance Association of Malaysia (PIAM) wishes to clarify that the latest revision to Motor Insurance Premium is a continuation of Motor Tariff premium rate adjustments under the New Motor Cover Framework introduced in 2012. The New Motor Cover Framework was introduced by Bank Negara Malaysia to address the structural issues within the motor insurance sector, i.e. to enhance efficiency in the [...]
NEWS: PIAM General Insurance Industry Shows Resilience In 2014, Records 5.9% Growth
Kuala Lumpur, 9 February 2015 – PIAM: GENERAL INSURANCE INDUSTRY SHOWS RESILIENCE IN 2014, RECORDS 5.9% GROWTH Strong Performance and Growth Achieved For Non-Motor Business Lines The General Insurance Association of Malaysia (PIAM) reported that the general insurance industry grew at a steady rate in 2014 with gross written premiums increasing by 5.9% to RM17.09 billion as compared to RM16.15 billion in 2013. The Association attributed the industry’s [...]
NEWS : GENERAL INSURANCE AND TAKAFUL INDUSTRY PROMOTES ACCIDENT ASSIST CALL CENTRE (AACC) SERVICES DURING CHINESE NEW YEAR
RM 15.5 Million Paid Out Daily For Motor Insurance Claims 4 March 2015 – The motor insurance industry in Malaysia carries a heavy burden in paying out claims cost arising from road traffic accidents. In 2014, the total payout in motor claims incurred by both general insurers and takaful operators was RM 5.64 billion. This equates to a staggering RM 15.5 million paid out on a daily basis [...]
