Latest Insurance News in Malaysia

GENERAL INSURANCE INDUSTRY DIPPED 1.4% IN THE FIRST HALF OF 2019

Kuala Lumpur, 27 Aug 2019 – The General Insurance Industry recorded a drop of 1.4% with gross direct premiums of RM 8.92 billion for the first six months of 2019 compared to the same period last year. Motor insurance the Learn more

CUSTOMER SERVICE CHARTER; SERVICE QUALITY AND BUILDING TRUST AMONGST THE KEY PILLARS FOR THE INSURANCE AND TAKAFUL INDUSTRY

Kuala Lumpur, Monday, 5 August 2019 – The insurance/takaful industry players believes that establishing long term trust, improved customer satisfaction and better customer engagement can potentially drive insurance and takaful in Malaysia to greater heights. Thus, in 2017, the insurance Learn more

PIAM’S STATEMENT ON ERRONEOUS REPORTING OF STATUS OF MYCC’S PROPOSED DECISION AGAINST PIAM AND THE 22 INSURERS

Kuala Lumpur, 3 June 2019 – It has recently come to PIAM’s attention that several press statements have erroneously reported and/or suggested that an adverse final decision has been made against the Association and the 22 General Insurers or that Learn more

PIAM ANNOUNCES 2019/2020 MANAGEMENT COMMITTEE MEMBERS

Kuala Lumpur, 25 April 2019 – Persatuan Insurans Am Malaysia (PIAM) has re-elected Mr. Antony Lee, CEO of AIG Malaysia Insurance Bhd as its Chairman for a two-year term at its 41st Annual General Meeting held on 24 April 2019. Learn more

PIAM MEMBER COMPANIES READY TO ASSIST AND SERVE THE VICTIMS OF THE TOXIC DUMPING INCIDENT IN PASIR GUDANG

Kuala Lumpur, 15 March 2019 – The General Insurance Association of Malaysia (PIAM) wishes to assure the victims affected by the toxic dumping incident in Pasir Gudang, Johor that our member companies are ready to assist and serve them, where Learn more

GENERAL INSURANCE INDUSTRY GREW 1.5% IN 2018

Kuala Lumpur, 28 February 2019 – The General Insurance Industry registered a growth of 1.5% in 2018 on the back of higher premiums from its two largest classes of insurance, Motor and Fire. Gross written premiums amounted to RM 17.92 Learn more

MALAYSIAN MOTORISTS URGED TO BE RESPONSIBLE VEHICLE OWNERS – Liberalisation of Motor Insurance/Takaful Encourages Motorists to maintain their vehicles to reduce the risk of accidents.

Kuala Lumpur, 2 October 2018 – Persatuan Insurans Am Malaysia (PIAM) and Malaysian Takaful Association (MTA) are encouraging vehicle owners to ensure their vehicles are in good running condition to reduce accident and fatality rates. Although common causes of accidents Learn more

GENERAL INSURANCE INDUSTRY RECORDS A MARGINAL GROWTH OF 0.7% IN THE FIRST HALF OF 2018

Kuala Lumpur, 30 Aug 2018 – The General Insurance Industry registered a marginal growth of 0.7% with gross written premiums totaling RM 9.23 billion in the first six months of 2018 compared to the same period in 2017. Motor remained Learn more

Press Release SST General Insurance

Kuala Lumpur, 27 Aug 18 – The recent announcement on Service Tax made by the Government with the passing of the Bill in Parliament confirms that general insurance products are a taxable supply. This tax is applicable to individuals who Learn more

MALAYSIAN MOTORISTS URGED TO BE SMART CONSUMERS – Liberalisation of Motor Insurance/Takaful Paves the Way for New and Innovative Motor Insurance Products

Kuala Lumpur, 19 July 2018 – Persatuan Insurans Am Malaysia (PIAM) and Malaysian Takaful Association (MTA) are encouraging vehicle owners to look at the purchase of their motor insurance/takaful policies in a new light. The liberalisation of the Motor Insurance Learn more