Posts filed under: Detariffication

Last July, Bank Negara allowed insurance companies to set their own prices for the comprehensive motor insurance, a move known as motor detariffication or liberalisation of motor insurance. Prior to this, motor insurance prices were fixed for all insurance companies,...
Our avid readers who have been following our blog for some time would have realized by now how much focus we at iBanding.com have placed on the issue of motor detariffication in Malaysia. Implemented in July 2017, the move is...
Did you know, that your driving behaviour can determine the price of  your car insurance? And that it no longer follows the predetermined tariff structure by Bank Negara Malaysia? This change happened on the 1st of July 2017, where the detariffication or...
It has been three months since the 2nd phase of the Motor Detariffication came into effect in Malaysia. iBanding has again made an effort to test its outcome (refer to our previous article on motor insurance comparison). This time we...
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...
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...
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...
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...
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