Latest Insurance News in Malaysia

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

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