Some EVs can’t be repaired after crashes, say insurers
Accidents involving electric vehicles (EVs) can be far more complex and costly to handle than those involving conventional cars and in some cases, the damage can be so severe that...
Claiming your own insurance and not losing your NCD if you are not at fault
Motorists who are not at fault in accidents can claim repairs directly from their own insurers without affecting their No Claim Discount (NCD). Bank Negara Malaysia (BNM) Consumer and Market...
PIAM Reminds on The Importance of Fire Insurance Following Pantai Dalam Fire Incident
Persatuan Insurans Am Malaysia (PIAM) extends its heartfelt sympathies to those affected by the recent fire that destroyed several homes and commercial premises in Pantai Dalam late on 7 August....
Mercedes-Benz and a Toyota Vellfire seized for driving without Insurance
The Road Transport Department (JPJ) seized four luxury vehicles—including a Mercedes-Benz and a Toyota Vellfire—for lacking valid insurance and road tax during an operation in Shah Alam on 6 August...
Allianz and p-hailing platforms unite for rider safety
ONE of Malaysia’s leading protection solutions company – Allianz Malaysia Berhad (Allianz Malaysia), has partnered with the Malaysian Institute of Road Safety Research (MIROS) and leading p-hailing platforms – foodpanda...
Malaysia’s General Insurance Sector Sees RM23.1 Billion in Premiums for 2024, Despite Profit Pressures
Malaysia’s general insurance industry recorded RM23.1 billion in gross written premiums in 2024, representing a 6.9% increase over the previous year, according to the General Insurance Association of Malaysia (PIAM)....
Motor Insurance Claims in Malaysia Surge to RM15.1 Million Daily in 2023
In 2023, motor insurance claims in Malaysia—including those for private vehicles, motorcycles, and commercial transport—reached an average of RM15.1 million per day. That’s roughly RM629,000 every hour, marking the largest...
Damaged property or vehicle in Putra Heights blaze? PIAM expedites insurance claims — here’s how to file yours
If your house or car was damaged in the Putra Heights gas pipeline fire yesterday, be sure to document the damage with photos or videos to support your insurance claims....
Banks, insurers required to promptly resolve customer complaints under new BNM policy
Bank Negara Malaysia (BNM) on Friday released the finalised policy document on complaints handling by financial services firms, including banks, insurers and payment system operators. Financial services firms must acknowledge...
Most Malaysians unprepared to secure family’s future: Sun Life survey
Eighty-five per cent of Malaysians are at risk of a looming legacy crisis due to the absence of a financial legacy plan, with only a small fraction having taken concrete...