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Non-life insurance: Motor premium hike – Baby step in the right direction

Source: Asia Insurance Review | Nov 2012

Malaysia’s motor insurance industry has taken its first step on a somewhat uncertain road to deregulation. January this year saw the more than 30-year-old motor tariff revised for the first time, and by the looks of it, the January 2016 deadline for de-tariffing for motor and fire classes looks set to be implemented. Although the recent motor premium hike is negligible, for many industry players, it is an important step towards the goal of eventually de-tariffing the sector. By V K Sanjeed

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