MIDF explains effects of de-tariffication of motor and fire insurance tariffs

PETALING JAYA: The first phase of de-tariffication of motor and fire insurance tariffs will financially benefit insurance players as new products are allowed to be priced at market rates.

According to MIDF Research, which has maintained a “positive” call on the insurance sector, the companies that will benefit from the liberalisation exercise will be those that deploy the best pricing strategies and focus on tactical flexibility.