Competitive motor insurance premiums

  • Auto
  • Friday, 30 Jun 2017

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.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Business , insurance , premium , industry , competition


Next In Business News

IATA: Asia-Pacific airlines' air cargo volumes up by 7.6% in October
Ringgit lower against US dollar on yuan's weakness
Fitch's affirmation of Malaysia's ratings reflects govt's fiscal reform commitment -- MoF
Advancecon bags RM35.6mil earthworks contract from Sime Darby Property
AirAsia X to lease aircraft from Asia Aviation Capital for RM30.54mil
Magni-Tech posts RM21.8mil net profit in 2Q, declares 2.2 sen dividend
Axiata appoints Nik Rizal Kamil as CFO effective Jan 1
Haily bags RM64mil construction contract in Johor Bahru
Kinergy Advancement wins RM31mil electrical works contract for Mah Sing project
KLCI pares losses but stays below 1,450-mark at closing

Others Also Read