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5 Factors That Impacts the Process of Insurance Risk Assessment

February 11, 2019 | Author: | Posted in Insurance

Malaysia was in the news for the introduction of phased liberalisation for fire and motor insurance. This has led to a revolution in the insurance sector. Insurance companies can now charge premiums based on the risk profile of the individual instead of the fixed tariff structure that was practiced previously wherein everyone was charged the …

Everything You Need to Know About the Detariffication in Malaysia

September 16, 2018 | Author: | Posted in Insurance

Recently, Malaysia was in news for phased liberalisation of motor and fire insurance. The phased liberalisation is also known as detariffication or simply put, the act of removing all regulations on pricing of the insurance cover which was previously created by Bank Negara Malaysia. For 30 years, the motor insurance premium in Malaysia had been …

All You Need to Know about De-tariffication of Motor Insurance in Malaysia

August 11, 2018 | Author: | Posted in Insurance

The detariffication of the motor insurance in Malaysia is also known as the liberalisation of motor insurance tariff which was introduced in the year 2016. Prior to the liberalisation, motor insurance premiums in Malaysia were regulated by a fixed tariff structure and controlled by Bank Negara Malaysia. The insurance premiums were calculated based on 2 …

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