Latest Insurance News in Malaysia

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

PIAM AND MTA APPOINT ADIBAH NOOR AS BRAND AMBASSADOR ON MOTOR INSURANCE LIBERALISATION

Kuala Lumpur, 11 June 2018 – PERSATUAN INSURANS AM MALAYSIA (PIAM) and MALAYSIAN TAKAFUL ASSOCIATION (MTA) have jointly appointed Adibah Noor as Brand Ambassador for the National Consumer Education Campaign on the Liberalisation of the Motor Insurance Tariff in Malaysia.  Learn more

GOODS AND SERVICES TAX (GST) AT 0% FOR LIFE, GENERAL INSURANCE AND TAKAFUL PRODUCTS WITH EFFECT FROM 1 JUNE 2018

Kuala Lumpur, Monday, 4 June 2018 – Persatuan Insurans Am Malaysia (PIAM), Life Insurance Association of Malaysia (LIAM) and Malaysian Takaful Association (MTA) wish to advise that following the recent announcement by the Ministry of Finance and Royal Malaysian Customs Learn more

PIAM ANNOUNCES 2018/2019 MANAGEMENT COMMITTEE MEMBERS

Kuala Lumpur, 23 April 2018 – Persatuan Insurans Am Malaysia (PIAM) has re-elected Mr. Antony Lee, CEO of AIG Malaysia Insurance Bhd as its Chairman and Mr. Chua Seck Guan, CEO, MSIG Insurance (Malaysia) Bhd as the Deputy Chairman at Learn more

GENERAL INSURANCE INDUSTRY RECORDS TOTAL PREMIUM OF RM17.65 BILLION IN 2017

Kuala Lumpur, 9 Feb 2018 – The General Insurance industry recorded gross written premiums totaling RM17.65 billion in 2017 with growth remaining stagnant compared to the previous year. Overall, the industry displayed resilience with a positive swing in the second Learn more

PIAM TO ASSIST FLOOD VICTIMS IN THE NORTHERN STATES

Kuala Lumpur, 10 Nov 2017 – PIAM has reached out to the victims of the serious flood situation in the states of Penang, Kedah and Perak by collaborating with Malaysia International Search and Rescue (MISAR), a unit under the National Learn more

PIAM COMMEMORATES GENERAL INSURANCE DAY 2017 WITH A FIRE SAFETY WORKSHOP FOR CHILDREN

Kuala Lumpur, 30 October 2017 – Persatuan Insurans Am Malaysia (PIAM) kicked off its General Insurance Day 2017 with an interactive Fire Safety Workshop for Children on Sat, 28 Oct 2017 at The Weld Shopping Mall. This is in light Learn more

GENERAL INSURANCE INDUSTRY DECLINED 1.9% FOR THE FIRST HALF OF 2017

Kuala Lumpur, 23 Aug 2017 – The general insurance industry declined 1.9% for the first half of 2017 compared to the same period last year. Gross written premium income stood at RM9.17 billion a reduction from RM9.34 billion for the Learn more

PIAM ANNOUNCES 2017/2018 MANAGEMENT COMMITTEE MEMBERS

Kuala Lumpur, 2 May 2017 – Persatuan Insurans Am Malaysia (PIAM) has reelected Mr. Antony Lee, CEO of AIG Malaysia Insurance Bhd as its Chairman at the Association’s 39th Annual General Meeting held on 28 April 2017. Mr. Antony Lee Learn more

PIAM’s Statement on the Proposed Decision by MyCC

Kuala Lumpur, 1 March 2017 – PIAM and its members are disappointed with the proposed decision issued by MyCC on 22 Feb 17 against PIAM and all 22 general insurance companies, which found that PIAM and the insurance companies had Learn more