Budget 2027: PIAM Calls For Tax Relief, Digital Grants To Close Insurance Protection Gaps

By K. Naveen Prabu

KUALA LUMPUR, Oct 2 (Bernama) -- The General Insurance Association of Malaysia (PIAM) has called on the government to provide tax relief for critical coverage such as business interruption insurance to improve the affordability and accessibility of insurance protection.

Double-digit Medical Claims Growth Set To Continue Near Term

KUALA LUMPUR, Aug 27 (Bernama) -- Double-digit medical claims growth is expected to persist in the near term following a 12.28 per cent rise in claims inflation in 2025, driven mainly by more insured individuals seeking treatment at private hospitals.

Standard Fire Policies Cover EV-Related Fire Damage - PIAM

KUALA LUMPUR, Aug 19 (Bernama) -- Standard house owner and fire insurance policies in Malaysia cover specified perils, including fire damage, “regardless of the ignition source.”