Many people know that it is an offend to drive while using mobile phone, yet you will find some many irresponsible drivers talking or checking their whatsapp while driving. Not only will they get fined if caught by traffic police, but their insurance company can decline to accept liability when met with an accident. In […]
No Comments. Continue Reading...The Financial Mediation Bureau (FMB) is an independent body set up to help settle disputes between financial services providers such as banks or insurance companies with their customers. For insurance disputes such as claim settlement, or refusal to accept your claim etc, you may seek the service of FMB. FMB is an integrated dispute resolution […]
No Comments. Continue Reading...KFK stands for Knock for Knock. The KFK agreement is signed among all Malaysia Insurance companies whereby all insurers will refrain from exercising their respective subrogation rights against each others, irregardless whose insured party is at fault. Example, an accident occur between Vehicle A and Vehicle B. Vehicle B is clearly at fault, thus, the […]
No Comments. Continue Reading...The general insurance market in Malaysia is competitive with 21 general insurance companies fighting for a RM17.65 billion market. The two largest classes of insurance is the Motor and Fire sector, each taking a market share of 47.1% and 19.3% respectively. The Motor premiums in 2017 is RM8.32 billion despite the slight drop in total number of vehicle […]
No Comments. Continue Reading...You wake up in the morning and get ready to head to work. You walk toward your car pouch / parking bay and …… you did not see your car there!!! The first thing that come to your mind is ” My car is stolen!!” Well, it is natural to get panic. We would like […]
No Comments. Continue Reading...When you renew your car insurance, you will most probably be asked if you wish to add a second name driver for Free. A name driver is someone who is legally included into the Motor Insurance Policy, otherwise, the policy owner is basically the vehicle owner. There are many occasions whereby parent may purchase a vehicle […]
No Comments. Continue Reading...When met with an accident, it is common to be stressful and we gladly accept any help that come forward. Tow Truck operators are usually the first to reach the accident scene. They seem to be very knowledgeable and helpful, offering all sort of advises from repair cost, to insurance claim etc. The best part […]
1 Comment. Continue Reading...Allianz General Insurance Company (Malaysia) Bhd has stopped bogus insurance claims worth RM5.6 million between 2014 and 2016. Head of Claims Jayapragash Amblavanar said insurance fraud was a growing concern in Malaysia and the company reported an average of at least six fraud cases per month between 2014 and 2016. “Single digit cases being reported […]
No Comments. Continue Reading...Are you searching for the best car insurance company to insure your vehicle? With so many general insurance companies in Malaysia, you will be overwhelm with the many choices. In this articles, we shall discuss what you should pay attention to when deciding which insurance companies would be the best choice for your motor car […]
No Comments. Continue Reading...It is now easier to purchase your car insurance compared to many years ago. In the past, you will have to purchase your car insurance through agent by walking into their office. Nowadays, you renew your car insurance online without the need to leave your home or office. Many insurance agents (like us) offer online […]
No Comments. Continue Reading...While tough economic conditions have taken their toll on businesses, insurer Allianz Malaysia Bhd is adopting unconventional ways to cultivate sales. Allianz Malaysia, part of Germany’s Allianz Group, acknowledges the challenges brought by the current slowdown. Insurance products are considered to be less of a priority. In an email reply, Allianz Malaysia chief executive officer […]
No Comments. Continue Reading...Motorists will have more choices for vehicle insurance products when the liberalisation of motor tariffs is put into place later this year. Bank Negara assistant governor Jessica Chew said that come July 1, insurers and takaful operators would no longer be bound by a set of fixed prices for insurance products. She said that they […]
No Comments. Continue Reading...Road offenders will be penalised by using demerit points under the Automated Awareness Safety System (Awas) effective April 15, said Transport Minister Datuk Seri Liow Tiong Lai today. He said the Awas and demerit points for Traffic Offences System (Kejara) had been implemented on April 1 in a bid to reduce the number of road […]
No Comments. Continue Reading...Allianz General Insurance Company (Malaysia) Berhad officially launched its’ Allianz Road Rangers today. The Allianz Road Rangers is part of the Company’s motor claims transformation journey that aims to truly put its customers first. The new journey features seven touch points including a new 24-Hours Accident Call Centre, the Allianz Road Rangers fleet and Claims […]
No Comments. Continue Reading...Malaysia is said to be ranked as one of the top 10 countries in the world with the highest number of vehicle thefts. An average of 60 vehicles get stolen everyday from all over the country, said the General Insurance Association of Malaysia’s (PIAM) chief executive officer Mark Lim. He said for the first half […]
No Comments. Continue Reading...