News
EV boom sparks new risk frontier for insurers
7+ hour, 17+ min ago (704+ words) KUALA LUMPUR: Electric vehicles (EVs) present a new form of risk to the local insurance industry. The risk include issues related to vehicle safety, maintenance and repairs skills that are different from conventional internal combustion engine (ICE) vehicles and cybersecurity…...
Stable outlook for insurance sector
7+ mon, 1+ week ago (663+ words) Monday, 29 Sep 2025 RAM Ratings senior vice president of financial institution ratings Sophia Lee PETALING JAYA: The insurance and takaful sector has adequate capital buffers in place to withstand market volatility amid external uncertainties and rising medical cost inflation. As such,…...
Insurance'spending takes a hit amid slowdown
8+ mon, 3+ day ago (493+ words) Thursday, 04 Sep 2025 Shrinking premiums: Motorists on a road in Jakarta. Motor vehicle insurance records a 6. 2% drop in premiums to 9. 4 trillion rupiah from 10 trillion rupiah in 1 H24, as insurance spending in general slips in Indonesia. " Bloomberg JAKARTA: Companies across the country cut…...
Motorists can claim from own insurer without losing NCD, says Bank Negara
8+ mon, 1+ week ago (388+ words) Saturday, 30 Aug 2025 KUALA LUMPUR: Motorists who are not at fault in road accidents can now claim directly from their own insurer without losing their No-Claim Discount (NCD). Bank Negara Malaysia (BNM) Consumer and Market Conduct Department deputy director Lailatul Akma…...
The fiery fallout of car debt
9+ mon, 3+ week ago (431+ words) Wednesday, 16 Jul 2025 PETALING JAYA: When you buy a luxury car for RM300, 000, it can come with a nine-year loan that locks you into RM3, 000 monthly payments. Fast forward just two years, and the car's value plummets to RM180, 000, but you still owe the…...
More people are buying premium insurance with global travel disruptions
10+ mon, 1+ week ago (690+ words) More travellers these days are taking out higher-end insurance policies to better protect themselves. " Pixabay With flight cancellations, delays and other disruptions on the rise, leisure travellers are being increasingly discerning over the level and type of insurance they buy....
Extend reinstatement application period, says MP to insurers
10+ mon, 3+ week ago (301+ words) PETALING JAYA: Major insurance companies should extend the reinstatement application period by 60 more days, says Bayan Baru MP Sim Tze Tzin. He said in a statement on Tuesday (June 10) that this interim measure should be extended so that more people…...