THE General Insurance Association of Malaysia (Piam) chairman Chua Seck Guan has clarified that in The Star article with the headline “High insurance premiums”, he was referring to the anticipated total growth premium income (ie growth of business) of the industry.
This growth is expected to be in tandem with a positive economic outlook, stronger domestic demand and introduction of more new and innovative insurance products by insurers.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!