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Motor insurance review, BUSINESS TIMES

By Ariff Awang; Habhajan Singh
Publication: Business Times (Malaysia)
Date: Tuesday, March 20 2001


Business Times (Malaysia)

03-20-2001

MOTOR insurance, potentially lucrative yet consistently a money losing
business due to high claims ratios, is set to see a major rationalization
in rates that will link premiums to a basket of nine factors. General Insurance
Association of Malaysia (Piam) has proposed that policyholders pay premiums
based on individual risk profiles, including gender, claim free years and
geographical location. Essentially, a woman driving an old car in a small
kampung in Perlis will have to pay less than a male driver of a

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