Bank Negara Malaysia: Liberalisation of Motor Insurance – Cheaper Insurance for Safe Drivers

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 Negara Malaysia. Liberalisation of motor insurance or more often known as motor detariffication is changing that. … Continue reading Bank Negara Malaysia: Liberalisation of Motor Insurance – Cheaper Insurance for Safe Drivers