Posts filed under: Detariffication

  • liberalisation of motor insurance
July 2017 was an important milestone for the Malaysian motor insurance industry as it moved out of a tariff environment. This was a big step as for over 30 years, the prices of motor insurance products were dictated by Bank...
  With the newly introduced motor detariffication (where premium is no longer solely determined by vehicle sum insured and engine capacity but also by the risk profile of the individual driver), it now has become even more important for Malaysians...
  • Phased Liberalisation of Motor and Fire Tariffs
In less than two months we will be facing with one of the biggest changes we’ve ever seen taking place in the Malaysian insurance and Takaful industry. This change will affect all of us who own or drive a motorized...
  • de-tariffication
Many Malaysians are still unaware that come July 2017 when the Detariffication starts, their motor insurance premium will never be the same again. How? Well first let’s try to understand how the current system works, and how it has been...
  • Motor de-tariffication
By now, many may have already heard of motor de-tariffication also known as phased liberalization that is slowly being implemented here since June of this year. Here’s the nutshell version of what it is for those who don’t know what...
It is official, Motor Detariffication in Malaysia been launched and now live since July 2016! But has anything changed? Not really! We will explain why. PIAM (Persatuan Insurans Am Malaysia) has published additional information on the Detariffication this month for...
  • Motor detariffication
If you visit our Facebook page often, you would have noticed we spoke a lot about the coming implementation of Motor Detariffication. This is because we find that this subject important as it affects all Malaysians who own a vehicle....
  • Timeline for Malaysia’s Motor Detariffication announced: July 2017
More details about Malaysia’s Motor Detariffication and also the timeline has finally been provided. The REAL motor detariffication will start July 2017. If you do not know what motor detariffication is about, check out our previous article on Motor Detariffication in...
What does Motor Detariffication mean in Malaysia? The Summary After motor detariffication, insurance companies in Malaysia are allowed to set their own insurance prices. If you are considered a safe driver, your car insurance will be massively cheaper. If you...
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