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Increase in road accidents will drive up insurance costs, says research firm

By MARTIN CARVALHO

PETALING JAYA: More road accidents mean rising insurance costs for Malaysian motorists, who claim an average of RM15.1mil a day according to United Kingdom-based research house Global Data.

"As per (data from) the Traffic Investigation and Enforcement Department of Malaysia, traffic accident cases increased by 10% to 598,635 cases last year from 545,588 cases in 2022.

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General Insurance , Motor Insurance , Accidents , Rising Costs , Premiums , Property , Personal Accident and Health , Global Data , Research Company , Sneha Verma

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