Home » Articles tagged ‘insurance news Malaysia

5 Key Factors That are Taken into Account When Assessing Risk Profile

December 28, 2018 | Author: | Posted in Insurance

Risk profiling is nothing more than an assessment of the risk to be insured in the event of an accident when claims are made from the insured risk. As per the motor insurance policies in Malaysia, various factors are considered while calculating the risk profile of the individual. This helps the insurance company in determining …

4 Key Factors That Affect Two-Wheeler Insurance Premiums in Malaysia

September 16, 2018 | Author: | Posted in Insurance

Having your own two-wheeler is almost a necessity given the issues with public transportation. Your own motorcycle ensures freedom, convenience, and availability at all times. But it is important to keep your vehicle guarded by insuring it. You need a comprehensive plan which covers you against man-made and natural mishaps. When you are secured under …

Malaysian Insurance Industry Needs More Improvement for Better Growth

March 29, 2018 | Author: | Posted in Insurance

The insurance sector of Malaysia has a long way to go to achieve a 75% penetration rate by 2020. Bank Negara Malaysia (BNM) believes that the insurance industry needs to more improvement to strengthen market participation and encourage better development of the sector. Last year in July, the central bank announced the phased liberalisation of …

Motor Insurance Dominates the Insurance Industry in Malaysia

March 1, 2018 | Author: | Posted in Insurance

The insurance sector is one of the most important growth drivers of the financial services sector in Malaysia. The insurance sector contributes about 20.9 percent to Malaysia’s total gross national income (GNI) in 2016. The country’s insurance industry is now going through one of its most significant transformation, after remaining stagnant for the last few years. Motor insurance, the largest …

Buying a New Car? Your Age and Gender will Affect Car Insurance Price

December 22, 2017 | Author: | Posted in Insurance

Buying a new car is one of the most exciting things in one’s life. However, there is one more important decision that you’ll need to make after buying a new car and that is, which motor insurance should you get? You’ll need to be covered if your newly-purchased vehicle meets with an accident or is …

Enjoy this blog? Please spread the word :)