KUALA LUMPUR: Bank Negara Malaysia has been asked to look into the increase in insurance premiums.
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Malaysia

'BNM should look into insurance premium hikes,' says MP

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Sim Tze Tzin says Bank Negara Malaysia should not wash its hands of its responsibility to regulate increases in medical insurance premiums.

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Kuala Lumpur

Wilayah Persekutuan Kuala Lumpur

MP urges BNM to probe insurance firms for excessive profiteering

The income from premiums increased by 25% to NIS 497 million due to the increase in prices, and an increase in the relative proportion of new and electric vehicles, which are worth more and therefore also the premiums paid for them; Net profit increased by 22% to NIS 63.4 million, reflecting a return on capital of 27%; The company will distribute a dividend of NIS 48 million

ההכנסות מפרמיות גדלו ב-25% ל-497 מיליון שקל עקב העלאת המחירים, ועלייה בשיעורם היחסי של רכבים חדשים וחשמליים, ששוויים גבוה יותר ולכן גם הפרמיות המשולמות עבורם; הרווח הנקי עלה ב-22% ל-63.4 מיליון שקל, המשקף תשואה להון של 27%; החברה תחלק דיבידנד של 48 מיליון שקל

הפרמיות על ביטוחי רכב חדשים וחשמליים הקפיצו את תוצאות ביטוח ישיר

כלכליסט- www.calcalist.co.il

The premiums on new and electric car insurances boosted direct insurance results

KUALA LUMPUR, Nov 27 — Bank Negara Malaysia (BNM) has been asked to investigate and review the “excessive” increase in insurance premiums. In making the call, Bayan Baru MP Sim Tze Tzin said BNM should not avoid the issue because it is a business decision by the insurance companies involved. “If the Ministry of Domestic Trade (KPDN) can carry out an ‘excessive profiteering’ investigation on an increase of 10 sen per egg, why can’t BNM investigat…

'BNM should look into insurance premium hikes,' says MP

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