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Category: News

INSURANCE AND TAKAFUL INDUSTRY ADDRESS CONCERNS ON MEDICAL PREMIUM INCREASES AMIDST RISING HEALTHCARE COSTS
News

INSURANCE AND TAKAFUL INDUSTRY ADDRESS CONCERNS ON MEDICAL PREMIUM INCREASES AMIDST RISING HEALTHCARE COSTS

admin30 November 2024
The Life Insurance Association of Malaysia (LIAM), the Malaysian Takaful Association (MTA) and Persatuan Insurans Am Malaysia (PIAM) acknowledge the concerns raised by policyholders regarding the recent increase in medical...
Vehicle insurers liable to passengers injured on work travel, says Federal Court
News

Vehicle insurers liable to passengers injured on work travel, says Federal Court

admin15 November 2024
The Federal Court has in a landmark decision ruled that a passenger travelling in a vehicle on work matters can recover compensation from the vehicle’s insurers for injuries suffered in...
Jail and RM10,000 fine for drink-driving
News

Jail and RM10,000 fine for drink-driving

admin14 November 202414 November 2024
A children's accessories shop owner and a production company employee were each fined RM10,000 and sentenced to a day in jail after pleading guilty to drink-driving charges at the Magistrate's...
New business for life, general insurance saw double-digit growth in 1H 2024
News

New business for life, general insurance saw double-digit growth in 1H 2024

admin23 September 2024
New business premiums in life and general insurance industry recorded double-digit growth in the first half (1H) of 2024, exceeding RM20 billion, said Bank Negara Malaysia (BNM) governor Datuk Seri...
Get insurance coverage tailored to your needs, say experts
News

Get insurance coverage tailored to your needs, say experts

admin23 September 2024
“Steep hike in insurance premium.” “Shocked by steep hike in premium.” These were the two headlines seen in The Star over the past two weeks, which came from readers voicing...
Berjaya Sompo partners up with iMotorbike to launch the good riders: Motocheck Campaign
News

Berjaya Sompo partners up with iMotorbike to launch the good riders: Motocheck Campaign

admin15 July 202415 July 2024
In a concerted effort to promote the importance of motorcycle maintenance and road safety among Malaysian riders, Berjaya Sompo Insurance Berhad ("Berjaya Sompo") has launched The Good Riders: MotoCheck campaign...
Bank Negara to open licences to digital insurers that meet its requirements
News

Bank Negara to open licences to digital insurers that meet its requirements

admin9 July 2024
Bank Negara Malaysia will issue licences to any digital insurer and takaful operator that meets its requirements and will not limit the number of licences to just five. In a...
Co-payment requirements for medical and health insurance and takaful products to promote sustainability, affordability — BNM
News

Co-payment requirements for medical and health insurance and takaful products to promote sustainability, affordability — BNM

admin6 July 2024
Bank Negara Malaysia (BNM) clarified on Saturday recent commentaries related to the implementation of co-payment requirements for medical and health insurance and takaful (MHIT) products, saying it aims to promote...
BNM mandates cost-sharing in medical and health insurance, takaful products
News

BNM mandates cost-sharing in medical and health insurance, takaful products

admin2 July 2024
Bank Negara Malaysia (BNM) has required insurers and takaful operators (ITO) to introduce cost-sharing features in their new medical and health insurance and takaful (MHIT) products starting in the third...
Berjaya Sompo And FINCO Collaborate For Nationwide Book Drive, Advancing Quality Education And Sustainability
News

Berjaya Sompo And FINCO Collaborate For Nationwide Book Drive, Advancing Quality Education And Sustainability

admin21 June 202421 June 2024
Berjaya Sompo Insurance Berhad (Berjaya Sompo), in partnership with the Financial Industry Collective Outreach (FINCO), has successfully concluded the BSIB-FINCO Nationwide Book Drive, collecting a total of close to 1,600...

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PIAM Reminds on The Importance of Fire Insurance Following Pantai Dalam Fire Incident

Mercedes-Benz and a Toyota Vellfire seized for driving without Insurance

Allianz and p-hailing platforms unite for rider safety

Ms. Ang Yien Chia as MSIG new CEO

Malaysia’s General Insurance Sector Sees RM23.1 Billion in Premiums for 2024, Despite Profit Pressures

Motor Insurance Claims in Malaysia Surge to RM15.1 Million Daily in 2023

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PIAM: Crash victims can sue party at fault if vehicle is uninsured

BAM’s partnership with Allianz offers better protection for players and coaches

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