PIAM WORKS WITH CARTOONIST REGGIE LEE ON ROAD SAFETY CAMPAIGN FOR CHILDREN – PIAM Commemorates 5th Insurance Day with Road Safety Campaign
Kuala Lumpur, July 27 - The General Insurance Association of Malaysia (PIAM) will be working with popular cartoonist Reggie Lee on a two-month road safety campaign targeted at primary school children. This campaign is organized to commemorate Insurance Day which falls on July 27. The emphasis of the two-month campaign will be on teaching primary school children to be ‘good citizens on the road’ through a series of [...]
GENERAL INSURANCE INDUSTRY REGISTERS 8.2% GROWTH IN GROSS PREMIUMS FOR 2012
PIAM Urges Members To Develop New Products For Growing Economy Kuala Lumpur, May 3, 2013 – The general insurance industry registered a growth of 8.2% in gross premiums to reach RM15.180 billion in 2012, compared to an increase of 7.85% (RM14.029 billion) in 2011. Net premiums grew at a rate of 8.3% to reach RM 10.528 billion. The figures were reported during the 35th Annual General Meeting (AGM) [...]
PIAM LAUNCHES INSURANCE HISTORY BOOK
PIAM Urges Members To Develop New Products For Growing Economy Kuala Lumpur, 22 April 2013 -The general insurance industry registered a growth of 8.2% in gross premiums to reach RM15.180 billion in 2012, compared to an increase of 7.85% (RM14.029 billion) in 2011. Net premiums grew at a rate of 8.3% to reach RM 10.528 billion. The figures were reported during the 35th Annual General Meeting (AGM) of [...]
GENERAL INSURANCE INDUSTRY FACES CHALLENGING TIMES
Kuala Lumpur, January 12 - General insurers in Malaysia expect a difficult 2009 as the global economic slowdown takes its toll on insurance premium growth, says Persatuan Insurans Am Malaysia (PIAM). According to PIAM, general insurance companies are bracing for a rough 2009 as average motor premium continues to fall while insurers suffer from higher-than-expected claims ratio. Motor insurance comprises 44.3 per cent of overall general insurance business [...]
PIAM: TERRORISM EXCLUSION CLAUSE TO APPLY FOR ALL GENERAL INSURANCES POLICIES
Kuala Lumpur, 10 January 2002 - Many of the world's leading reinsurance companies have given notice that they plan to quit providing coverage to direct insurance companies for losses from future terrorist attacks with effect from January 1, 2002. This measure by the reinsurers to exclude terrorism cover from their reinsurance treaties with direct insurers means that the direct insurance companies will also have to exclude terrorism cover from [...]
PIAM OFFERS 3Cs GUIDELINE TO PROPER MOTOR INSURANCE COVERAGE
Kuala Lumpur, 14 December 2001 - The General insurance Association of Malaysia (PIAM) offers a simple 3Cs guidelines to help consumers ensure that they are indeed properly insured. Consumers are advised to: Complete their motor insurance proposal forms honestly and accurately before signing it. Check their policies upon receipt to ensure the information stated is accurate. Contact their insurers if the information in their policies is inaccurate or they [...]
