General insurance’s gross premiums in H1 decline


“High risk drivers with their dangerous driving behaviour affect public safety in the same way as drink-drive motorists. “Their risky and irresponsible driving behaviour should be recognised with higher insurance premiums, ” said PIAM chairman Antony Lee.

PETALING JAYA: A decline in motor insurance weighed on the general insurance industry in the first half ended June 30 this year, as it registered its steepest half year drop in recent years and with a further decline expected for the full year.

The General Insurance Association of Malaysia (PIAM) said the industry bore the full brunt of the Covid-19 pandemic.

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