News Release 2014

SUNDAY STAR MEDIA QUERY ON TRAVEL INSURANCE

1) Why is travel insurance a necessity? What are the benefits of travel insurance (generally)? Like any other insurance products, travel insurance is purchased to provide protection against travel-related accidents, losses or interruption. The cover is usually limited to the Learn more

PERSATUAN INSURANS AM MALAYSIA STATEMENT ON MH370 INCIDENT

Kuala Lumpur, 14 March 2014:  The General Insurance Association of Malaysia (PIAM), representing all the general insurers and reinsurers in Malaysia, is shocked and deeply saddened by the MH370 incident.  Our hearts go out to the families and friends of Learn more

INTERVIEW ON INSURANCE COVER FOR MODIFIED VEHICLES

INTERVIEW ON INSURANCE COVER FOR MODIFIED VEHICLES 1)         Will ‘modified’ vehicle be covered by motor insurance? All insurance contracts require both parties to observe utmost good faith and not deliberately mislead the other party or to hide material facts.  In Learn more

INTERVIEW ON HOME/PROPERTY INSURANCE

INTERVIEW ON HOME/PROPERTY INSURANCE 1.Please share with us the type of home/property insurance coverage available for homeowners and home buyers. Buying a house is most likely the biggest investment for most people, yet, many people are not aware if they Learn more

MOTOR INSURANCE PREMIUM ADJUSTMENT

Kuala Lumpur, 6 February 2014 – The General Insurance Association of Malaysia (PIAM) wishes to clarify that the gradual premium adjustment under the new motor cover framework had been introduced in 2012. The new motor cover framework has a two Learn more

INSURERS PAID OUT RM 4.10 BILLION FOR ROAD ACCIDENT CLAIMS

Kuala Lumpur, 26 January 2014 – The net claims paid out for bodily injury and property damage due to road accidents in the first nine months of 2013 has risen to RM 4.10 billion, compared to RM 3.68 billion in Learn more

GENERAL INSURANCE INDUSTRY GROWS BY 6.6 PER CENT IN THIRD QUARTER 2013

Kuala Lumpur, 21 January, 2014 – The general insurance industry recorded a growth of 6.6 percent in gross premiums to RM 12,423 billion for the third quarter of 2013 compared to RM11,658 billion in the corresponding period last year. General Insurance Learn more

ENSURE YOUR HOME INVESTMENT IS ADEQUATELY PROTECTED

Kuala Lumpur, 10 January 2014– Five years ago, James had invested most of his savings to purchase a RM250,000 home and sank another RM60,000 to furnish his home. To facilitate the purchase, he has taken an 80 per cent housing Learn more

PIAM YOUNG MANAGERS GET INSPIRED

PIAM YOUNG MANAGERS GET INSPIRED PIAM Promoting Talent Development In the General Insurance Industry Kuala Lumpur, 13 December 2013 – The General Insurance Association of Malaysia (PIAM) through its Young Manager’s Think Tank (YMTT), recently organised its annual breakfast talk. Learn more

MEMBERS OF PIAM AND MTA TO PROACTIVELY ASSIST FLOOD VICTIMS

MEMBERS OF PIAM AND MTA TO PROACTIVELY ASSIST FLOOD VICTIMS Measures Undertaken To Relieve Flood Victims’ Financial Burden Kuala Lumpur, 10 December 2013 – The members of the General Insurance Association of Malaysia (PIAM) and the Malaysian Takaful Association (MTA) have Learn more