News Non-Life18 Jul 2024

Malaysia:General insurers endorse new Motor Vehicle Repair Standards

| 18 Jul 2024

PIAM, the General Insurance Association of Malaysia, says that it enthusiastically supports the Malaysian Standard - Motor Vehicle Aftermarket Smash Repair Requirements.

This significant standard was approved by the Minister of Investment, Trade and Industry Malaysia (MITI), Tengku Zafrul Tengku Abdul Aziz, on 30 May 2024, the association said in a statement released yesterday.

PIAM said, “This heralds a new era of excellence and professionalism within the motor vehicle accident repair industry and is poised to complement the imminent release of the Insurers and Takaful Operators – Repairers Code of Conduct, in collaboration with Bank Negara Malaysia, the general insurance and takaful industry and the motor repair industry and Jabatan Pengangkutan Jalan Malaysia’s (JPJ) Accident Collision Repair Guidelines, promoting the unified regulatory improvements across the sector.

PIAM has been closely monitoring these developments, and the Association is committed to keeping all stakeholders informed.”

Note: JBJ is the Road Transport Department, a government department under the Malaysian Ministry of Transport.

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