Insurance News
Brief insurance news and digest for the busy executives. A handy insurance news archive with main focus on Malaysia. Disclaimer: While all attempts are made to ensure the accuracy of the news herein, we will not be liable for any loss arising from the use of any information contained in this blog. You may reproduce materials published here provided the source (news.actuaries.com.my) is properly acknowledged.
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Sunday, 26 April 2009
Motor insurance claims worsen
The combined loss ratio for motor insurance business in 2008 worsened to 115.5% compared with 114.1% in 2007 and 104.4% in 2006.
Gross direct motor insurance premiums rose by 10.1% to RM4.89 bil.
Claims ratios for 3rd party bodily injury claims reached 340% in Q1 2008 compared with 262% in 2007.
Source: Business Times
Labels: Motor Insurance
About Me
- Name: Teh Loo Hai
- Location: Kuala Lumpur, Malaysia
Loo Hai is an actuarial recruiter cum actuarial consultant. He has over 20 years of work experience gained in Malaysia and Australia in the actuarial, insurance, takaful and pension fields.
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