PIAM APPOINTS BOARD OF DIRECTORS FOR 2022 – 2024
Kuala Lumpur, 11 May 2022 - Persatuan Insurans Am Malaysia (PIAM) announced the appointment of a 10-member Board of Directors for 2022 – 2024, at the association’s 44th Annual General Meeting. Mr. Antony Lee, Chief Executive Officer (CEO) of AIG Malaysia Insurance Berhad was elected as Chairman of the Board for a two-year term, while Mr. Ng Kok Kheng, CEO of Great Eastern General Insurance (Malaysia) Berhad was elected [...]
Flood cover is available, affordable and accessible, says PIAM
Kuala Lumpur, 22 January 2022 – The recent flash flood that hit Malaysia has affected many people nationwide. The flood risk is likely to persist during this monsoon season and it is of huge concern as many Malaysians are still uninsured against flood. Most Malaysians are uninsured against flood Only 4% of motor (comprehensive) policies and 30% of fire (material damage) policies have flood covers for 2021 (Year-To Q3 2021), [...]
PIAM and MTA Launches 2022 Nationwide Road Safety Campaign
KUALA LUMPUR, 13 January 2022 - In an endeavour to reduce road accidents and fatalities as well as to foster greater road safety awareness amongst road users, the Persatuan Insurans Am Malaysia (PIAM) and the Malaysian Takaful Association (MTA) jointly kickstarted the year-long PIAM-MTA 2022 Nationwide Road Safety Campaign in Kuala Lumpur (“Campaign”) today. The Campaign aptly themed “#steadybrader”, hopes to educate and promote safe driving behaviour while encouraging [...]
PIAM RM2.4 MILLION CSR FLOOD RELIEF FUND
Kuala Lumpur, Friday, 7 Jan 2022 – Persatuan Insurans Am Malaysia (PIAM) and its members in response to the recent flooding affecting at least 7 states in the country have set up a CSR Flood Relief Fund (“CSR Fund”) with contribution of RM2.43 million to alleviate the hardship faced by the car owners whose vehicles were inundated under flood water. The CSR Fund in the form of subsidy for [...]
UP TO RM3 BILLION PAYOUT FOR FLOOD-RELATED INSURANCE CLAIMS AND GENERAL INSURANCE INDUSTRY PLEDGES ADDITIONAL RM2.4 MILLION CSR INITIATIVE
Kuala Lumpur, Tuesday, 28 December 2021 – Due to unusually severe floods as widely reported in various parts of the country, the general insurance industry is potentially facing upwards of RM2 Billion - RM3 Billion in total flood-related claims exposure. These estimates include actual and potential personal lines and commercial risks claims directly resulting from the recent flash floods and the upcoming monsoon season in the weeks and months ahead. [...]
INSURANCE COVERAGE AGAINST FLOOD AND EXPEDITING CLAIMS SETTLEMENT FOR POLICYHOLDERS AFFECTED BY FLOODS
Kuala Lumpur, Monday, 20 December 2021 – Persatuan Insurans Am Malaysia (PIAM) and Malaysian Takaful Association (MTA) urge the public to be extra careful during the current rainy season with flash floods reported in various parts of the country. Based on recent press reports, the Government has mobilized the Armed Forces and police to assist with flood evacuation as more than 34,000 people have been displaced following severe [...]
PROGRAM BAUCAR PERLINDUNGAN TENANG – Pelancaran Fasa 2 – Penerima Bantuan Prihatin Rakyat 2021 Bujang dan Warga Emas Boleh Menyemak Kelayakan Bermula 15 November 2021
Semua penerima BPR 2021 yang layak harus menebus baucar mereka selewat-lewatnya 31 Disember 2021 Kuala Lumpur, Selasa, 16 November 2021– Industri insurans dan takaful ingin mengumumkan pelancaran Fasa 2 Program Baucar Perlindungan Tenang (PTV) berkuatkuasa 15 November 2021 dan seterusnya. Di bawah fasa kedua, program PTV menawarkan perlindungan sosial kepada kira-kira 4.8 juta penerima Bantuan Prihatin Rakyat (BPR) 2021 daripada kategori bujang dan warga emas melalui subsidi baucar RM50 untuk [...]
PERLINDUNGAN TENANG VOUCHER PROGRAMME – Launch of Second Phase – 2021 Bantuan Prihatin Rakyat’s Single and Senior Citizen Recipients Can Now Check their Eligibility Starting from 15 November 2021
All eligible BPR 2021 recipients should redeem their vouchers by 31 December 2021 Kuala Lumpur, Tuesday, 16 November 2021– The insurance and takaful industry wishes to announce the launch of Phase 2 of the Perlindungan Tenang Voucher (PTV) programme effective 15 November 2021 onwards. Under the 2nd phase, the PTV programme offers social protection to about 4.8 million eligible recipients of the 2021 Bantuan Prihatin Rakyat (BPR) from [...]
GENERAL INSURANCE INDUSTRY LAUDS BUDGET 2022 FOR ENHANCED SUPPORT FOR MICRO/SME AND SOCIAL PROTECTION FOR B40
Kuala Lumpur, 8 November 2021 – Persatuan Insurans Am Malaysia (PIAM) lauds and supports the Government’s initiatives in enhancing social protection through incentives to assist the B40 households and micro, small and medium business segments under the Budget 2022. The government’s initiatives will assist in promoting financial resilience of the economically disadvantaged and vulnerable segments in society through the encouragement of the purchase of general insurance cover on [...]
PERLINDUNGAN TENANG VOUCHER PROGRAMME – 2021 Bantuan Prihatin Rakyat’s Household Recipients May Check Eligibility Starting from 30 September 2021
Kuala Lumpur, Wednesday, 29 September 2021 – The Perlindungan Tenang Voucher (PTV) Programme, a national initiative by the Government of Malaysia in collaboration with the Insurance and takaful providers will be officially launched on 30 September 2021, offering social protection to about 8.4 million eligible Bantuan Prihatin Rakyat (BPR) recipients. Under the first phase of the PTV Programme rollout, a RM50 voucher will firstly be allocated to 3.6 [...]
