Number of general insurance agents in M'sia to grow 26% this year

  • Business
  • Tuesday, 13 Sep 2011

KUALA LUMPUR, Sept 13 (Bernama) The number of general insurance agents in Malaysia is expected to grow by 26 per cent this year, from more than 35,000 in the industry in 2010.

The Chief Executive Officer of the Malaysian Insurance Institute (MII), Khadijah Abdullah said this is based on the average trend of about 800 candidates per month, who sat for the insurance agents exam for the first seven months of this year.

"A career as a general insurance agent is still attractive and very much sought after," she said during the General Insurance Agents Convention 2011 here today.

She added that as the industry is growing, more measures are expected to be implemented in future to strengthen it.

Khadijah said Bank Negara has come out with new measures on motor insurance, aimed at ensuring consumers are advised accordingly on the appropriate market value of motor vehicles, when purchasing a comprehensive coverage for private cars effective Aug 1, 2011.

"This requires the agents to have an indepth knowledge and ability to advise their clients," she added. - BERNAMA

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