Allianz Malaysia Bhd (Allianz Malaysia) will focus on value creation for its life insurance and general insurance operations this year, with key initiatives under three strategic pillars – growth, margin expansion and capital efficiency, said Allianz Life Insurance Malaysia Bhd (Allianz Life) CEO Charles Ong. “Number one is growth, we still want to expand our […]
Comments Off on Allianz Malaysia to focus on value creation for 2023 Continue Reading...The general insurance industry has recorded an increase in gross direct premiums of 10 per cent to RM19.4 billion for 2022 compared to 2021. However, underwriting profit contracted by 23 per cent to RM1.56 billion mainly due to losses in both motor as well as medical and health insurance lines of business. General Insurance Association […]
Comments Off on General Insurance Premium up 10% Continue Reading...Accidents do happen. Accident can be define as “an undesirable or unfortunate happening that occurs unintentionally and usually results in harm, injury, damage, or loss; casualty; mishap.” So, the keywords are undesirable, unintentional etc. When there is an accident, it will usually result in loss, damages etc. Common damages will be the physical damage such […]
Comments Off on What happens if you kill someone in an car accident? Continue Reading...Malaysian private vehicle owners will no longer need to display their motor vehicle licences (commonly referred to as road tax) on the windscreen or carry a physical copy of their driving licence, effective Feb 10, 2023. Transport Minister Anthony Loke said drivers can obtain digital copies of the two documents on the Road Transport Department’s […]
Comments Off on Digital road tax and licence: Here’s what you need to know Continue Reading...The take-up rate for special risks protection from disasters among Malaysian homeowners is lower than in other countries. Allianz General Insurance Company (Malaysia) Bhd deputy chief sales officer Sazali Abdul Rahman said Malaysia is geographically outside the ‘Pacific Ring of Fire’. Sazali said data from Allianz General revealed that only 11 per cent or approximately […]
No Comments. Continue Reading...We are all law abiding citizen and we know that when we are involved in an accident, we will have to make a police report within 24 hours. Irregardless of who is at fault, we would expect both parties to make a police report, so that either party can proceed with their insurance claim. For […]
No Comments. Continue Reading...Some 1,800 service centres and workshops have so far registered to participate in the Keluarga Malaysia Automotive Discount Voucher initiative aimed at helping flood victims, Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said. He said they comprise about 1,100 car service centres and 700 motorcycle workshops. “The government continues to increase the number […]
No Comments. Continue Reading...Domestic maids are now required to be covered under the Social Security Organization (Socso). Under the Employees’ Social Security Act 1969, domestic maids will be covered under the Employment Injury Scheme and Invalidity Scheme, which will help ease the burdens faced by both the employers and affected workers including in medical expenses. Employers may face […]
No Comments. Continue Reading...All road users must renew their licenses by Sept 30 and there will be no more extensions to the grace period given. The Road Transport Department (JPJ) said that these licenses include the Competent Driving Licences (CDL), Motor Vehicle Licences (LKM or road tax), Goods Driving Licence (GDL) and the Public Service Vehicle (PSV) license. […]
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