Competitive motor insurance premiums

Traffic crawling along Jalan Kuching as many make a beeline for the shopping complexes.

PETALING JAYA: General insurance companies are expected to see increased competition in the pricing of motor insurance premiums, but the insurance association does not think a price war will erupt within the industry.

“It is unlikely that the financial impact on motor insurers will be significant, as the liberalisation of the tariff is done gradually and in phases to ensure market stability,” said General Insurance Association of Malaysia chairman Anthony Lee.