Motor insurance premiums not expected to rise steeply, BUSINESS TIMES

Business Times (Malaysia)

03-21-2001

MOTOR insurers are not expected to impose steep increases in premiums if
proposals to revise rates are accepted by Bank Negara Malaysia, because
they value market share. Insurers, saying they are losing money due to
high claims ratios, stressed that an increase in motor insurance premiums
is necessary. "Appropriate motor insurance premiums will possibly stem
losses. This will be good for the industry," said one research house analyst
tracking the insurance sector. On Monday, the 55member strong General Insur