PIAM YOUNG MANAGERS GET INSPIRED
PIAM YOUNG MANAGERS GET INSPIRED PIAM Promoting Talent Development In the General Insurance Industry Kuala Lumpur, 13 December 2013 – The General Insurance Association of Malaysia (PIAM) through its Young Manager’s Think Tank (YMTT), recently organised its annual breakfast talk. Themed, “Passion For Success”, the talk was attended by 60 young managers from the general insurance industry. This year, the YMTT invited Teach For Malaysia Co-founder and Managing [...]
MEMBERS OF PIAM AND MTA TO PROACTIVELY ASSIST FLOOD VICTIMS
MEMBERS OF PIAM AND MTA TO PROACTIVELY ASSIST FLOOD VICTIMS Measures Undertaken To Relieve Flood Victims’ Financial Burden Kuala Lumpur, 10 December 2013 – The members of the General Insurance Association of Malaysia (PIAM) and the Malaysian Takaful Association (MTA) have joined forces to proactively assist flood victims around the country. This is to address the needs of flood victims particularly in the East Coast, Johor and Malacca as [...]
2014 Outlook For The General Insurance Sector
2014 Outlook for the general insurance sector Feature article by The Star 2 December 2013 Kuala Lumpur Questions: 1) What is the outlook and prospect of the insurance sector for 2014? Will it be better than 2013? Explain. The insurance industry continues to perform an increasingly important socio-economic function in Malaysia. Progressively, the industry expects market conditions to evolve to reflect broader-based competition and a principle-based regulatory regime [...]
FAQ on insurance coverage on Influenza A (H1N1)
FAQ on insurance coverage on Influenza A (H1N1) The World Health Organisation (WHO) declared the worldwide spread of Influenza A (H1N1) had reached pandemic level 6 on 11th June 2009. The Ministry of Health Malaysia has since declared that the country has entered a mitigation phase where there is sustained community spread and new cases have no defined epidemiological links with existing cases. In view of the serious [...]
ONE NATION WE CARE
An Evening with the Honorable Prime Minister of Malaysia, YAB Dato Seri Dr. Mahathir Mohamad For the first time in Malaysia on 27th July 2002, Malaysians will get together for a celebration to pay tribute to the Prime Minister of Malaysia YAB Dato Seri Dr. Mahathir bin Mohamad, as well as the nation as one united family. The "One Nation We Care" event sponsored by Life Insurance Association [...]
FIRE INSURANCE FOR STATA-TITLED PROPERTIES
FREQUENTLY ASKED QUESTIONS (FAQs) [Q1] I have been informed that the fire insurance taken by the Management Corporation is compulsory. At the same time, the bank where I took a housing loan for the unit of condominium I have purchased also requested me to pay for the fire insurance policy which has been arranged by the bank. Do I need two insurance policies? [A1] Under the Strata Titles [...]
GENERAL INSURANCE INDUSTRY RECORDS 5.7% GROWTH IN GROSS PREMIUMS FOR 1H 2013
GENERAL INSURANCE INDUSTRY RECORDS 5.7% GROWTH IN GROSS PREMIUMS FOR 1H 2013 Motor Insurance Remains The Largest Contributor Of Gross Premiums Kuala Lumpur, October 29, 2013 – The general insurance industry received a total of RM 8.334 billion in gross premiums for the period January to June 2013 compared to RM7.881 billion over the same period in 2012. This represents a 5.7 per cent growth from the same period last [...]
CONSUMERS URGED TO BE CAUTIOUS WHEN SELECTING MANAGED CARE FIRMS
Kuala Lumpur, September 18 - The insurance industry advised consumers to be cautious when considering joining any medical card schemes. As a precaution, consumers are advised to thoroughly understand, verify and satisfy themselves on the benefits offered by any particular card scheme. Consumers should be clearly informed as to the identity of the insurance company providing the insurance cover , the benefits offered as well as the terms, conditions [...]
ROAD ACCIDENT ASSIST HOTLINE LAUNCHED
Public Involved In Road Accidents Can Now Call 1-300-22-11-88 For Assistance On Claim Inquiries And Towing Of Their Accident Cars Kuala Lumpur, 18 September 2013 - Persatuan Insurans Am Malaysia (PIAM) and the Malaysian Takaful Association (MTA) are pleased to announce the establishment of a nationwide call centre i.e. the Accident Assist Call Centre (Accident Assist) which is aimed at providing immediate assistance to the public involved in [...]
INSURANCE INDUSTRY RM100,000 DONATION OFFERS NEW HOPE FOR CHARITIES
Insurance and Takaful Day Celebrations Benefits Four Worthy Causes Insurance and Takaful Day Celebrations Benefits Four Worthy Causes Kuala Lumpur, September 10, 2013 – The insurance and takaful fraternity of Malaysia, through the 26th East Asian Insurance Congress (EAIC) organising committee, joined forces to mark the 2013 Insurance and Takaful Day today. The organising committee comprising The General Insurance Association of Malaysia (PIAM), Life Insurance Association of Malaysia [...]
