General insurance records 5.7% growth in gross premiums


KUALA LUMPUR: The general insurance industry received RM8.33bil, up 5.7% in gross premiums for January to June 2013 from RM7.88bil over the same period in 2012, says General Insurance Association of Malaysia (PIAM).

In a statement on Tuesday, PIAM said, motor insurance accounted for the largest slice of the pie with 44.4% market share, fire recorded 17.6% while Marine, Aviation and Transit registered 10.8%.

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