Country Profile - Malaysia : Motor insurance: Bodily injury reform
Source: Asia Insurance Review | Aug 2010
A substantial loss-making component of motor insurance in Malaysia is the Third Party Bodily Injury and Death (TPBID) cover. Ms Chong Wan Leng, Analyst, and Mr Gary Hoo, Principal of JPWALL Consulting Partners (Malaysia), look at this problem, reviewing the current tariff situation, the needs of both the consumers and insurers, as well as Bank Negara’s recent proposed solution.
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