PETALING JAYA: Persatuan Insurans Am Malaysia (PIAM) has re-elected Antony Lee, the CEO of AIG Malaysia Insurance Bhd, as its chairman for a two-year term at the association’s 41st annual general meeting on April 24.
“It is a challenging time for the general insurance industry. The digitalisation and the internet of things (IoT) are already changing the way businesses are being conducted with significant impact on the industry landscape.
“We eagerly anticipate further liberalisation of the motor insurance market, which will allow for motor insurance premiums to be priced more fairly in line with individual driver’s risk profile,” he said in a statement.
Meanwhile, Ng Kok Kheng, CEO of Great Eastern General Insurance (M Bhd, has been appointed deputy chairman of PIAM while seven other CEOs of member companies have been elected to the management committee for 2019/2020.