Tag: Motor insurance

Usage-Based Insurance Platform offered by Digi to motor insurers

Usage-Based Insurance Platform offered by Digi to motor insurers

  Following Bank Negara’s recent liberalisation of the motor insurance industry, Digi Telecommunications Sdn Bhd (Digi) follows up on its strong push into the connected vehicles IoT (Internet of Things) business with a ready-to-market Usage-Based Insurance (UBI) platform. In Malaysia, connected vehicles and insurance telematics have been identified as two […]

Syarikat Takaful Malaysia and Allianz Malaysia win awards for being best motor insurance companies

Syarikat Takaful Malaysia and Allianz Malaysia win awards for being best motor insurance companies

iBanding Services Sdn. Bhd., an independent, knowledge-based company that provides transparent insights about the local insurance industry, recently awarded Syarikat Takaful Malaysia and Allianz Malaysia for the Best Motor Takaful Company and Best Motor Insurance Company in 2016 respectively. The awards were based on the results of a study conducted […]

QNEWS: Motor insurance highest contributor to insurers in Malaysia

QNEWS: Motor insurance highest contributor to insurers in Malaysia

The general insurance industry in Malaysia recorded positive growth in 2013 with total gross written premium income increasing by 6.4% to RM16.2 billion, compared to RM15.2 billion in 2012. The biggest contributor to this was motor insurance which accounted for 46.6% of the total business underwritten for the year, almost […]

PIAM provides clarification about insurance premium revisions

PIAM provides clarification about insurance premium revisions

The General Insurance Association of Malaysia (PIAM) has provided clarification on the new motor insurance premiums (soon to be introduced) which the public has become aware of recently as the tariff chart has been circulated on the internet.  The association explained that gradual premium adjustment is undertaken under the new […]