Malaysian insurance regulator revises motor premiums for first time in 30 years
As part of the new motor cover framework for addressing the structural issues within the motor insurance sector, Bank Negara Malaysia has announced measures it hopes will improve the claims settlement process and the implementation of gradual premium adjustments.
These were first unveiled in March last year.
In a statement it said: "In ensuring that the public has access to motor insurance at reasonable premiums, several immediate measures were introduced in
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