Persatuan
Pengguna Islam Malaysia (PPIM) chief Nadzim Johan has said risk-based
assessment for vehicle insurance premiums was unfair and urged the
government to review this practice expected to be introduced next year.
He said such risk-based assessment would impact the public, more so those who were poor and from rural areas.
Nadzim said the poorer section of the public usually stayed in higher-risk areas compared with those who were more well off.
“Anything that is going to be imposed should be fair. Insurance companies should not just focus on profits,” he told FMT.
Nadzim said the government must look at the socio-economic impact such a policy would have on Malaysians, especially given the present economic situation.
“We can’t have a policy which will end up comparing factors between those who are rich and the poor in setting prices,” he said urging the authorities and insurance companies to be more humane.
Wira Owners Club president Khafif Japri said risk-based assessments were ridiculous.
He said the policy would only make matters more complicated for consumers.
Khafif added that taking into account factors such as age, occupation or area of residence was unfair.
“You can get yourself into accidents regardless of how much experience you have or whatever your age,” he said, adding age and experience did not necessarily determine a driver’s attitude.
He also questioned the fairness for those staying in Pandan or Klang but working in the city centre possibly having to pay more because these were crime-prone areas.
Khafif said if those against the policy started a petition, it might stop it from being implemented.
Come 2017, motor insurance rates will be based on a list of risk factors, instead of the current pricing policy.
This was revealed in an article by paultan.org – a popular Malaysian automotive blog.
This move would mean drivers will have to pay insurance premium rates based on how much risk they are perceived to carry.
Among the risk factors that would be considered included location of residence, vehicle make and model, use of vehicle, occupation of owner, history of claims, gender and age.
- See more at: http://www.freemalaysiatoday.com/category/nation/2016/03/26/dont-focus-on-profits-consumer-group-tells-insurance-firms/#sthash.fAOoHALO.dpuf
He said such risk-based assessment would impact the public, more so those who were poor and from rural areas.
Nadzim said the poorer section of the public usually stayed in higher-risk areas compared with those who were more well off.
“Anything that is going to be imposed should be fair. Insurance companies should not just focus on profits,” he told FMT.
Nadzim said the government must look at the socio-economic impact such a policy would have on Malaysians, especially given the present economic situation.
“We can’t have a policy which will end up comparing factors between those who are rich and the poor in setting prices,” he said urging the authorities and insurance companies to be more humane.
He said the policy would only make matters more complicated for consumers.
Khafif added that taking into account factors such as age, occupation or area of residence was unfair.
“You can get yourself into accidents regardless of how much experience you have or whatever your age,” he said, adding age and experience did not necessarily determine a driver’s attitude.
He also questioned the fairness for those staying in Pandan or Klang but working in the city centre possibly having to pay more because these were crime-prone areas.
Khafif said if those against the policy started a petition, it might stop it from being implemented.
Come 2017, motor insurance rates will be based on a list of risk factors, instead of the current pricing policy.
This was revealed in an article by paultan.org – a popular Malaysian automotive blog.
This move would mean drivers will have to pay insurance premium rates based on how much risk they are perceived to carry.
Among the risk factors that would be considered included location of residence, vehicle make and model, use of vehicle, occupation of owner, history of claims, gender and age.
- See more at: http://www.freemalaysiatoday.com/category/nation/2016/03/26/dont-focus-on-profits-consumer-group-tells-insurance-firms/#sthash.fAOoHALO.dpuf
Persatuan
Pengguna Islam Malaysia (PPIM) chief Nadzim Johan has said risk-based
assessment for vehicle insurance premiums was unfair and urged the
government to review this practice expected to be introduced next year.
He said such risk-based assessment would impact the public, more so those who were poor and from rural areas.
Nadzim said the poorer section of the public usually stayed in higher-risk areas compared with those who were more well off.
“Anything that is going to be imposed should be fair. Insurance companies should not just focus on profits,” he told FMT.
Nadzim said the government must look at the socio-economic impact such a policy would have on Malaysians, especially given the present economic situation.
“We can’t have a policy which will end up comparing factors between those who are rich and the poor in setting prices,” he said urging the authorities and insurance companies to be more humane.
Wira Owners Club president Khafif Japri said risk-based assessments were ridiculous.
He said the policy would only make matters more complicated for consumers.
Khafif added that taking into account factors such as age, occupation or area of residence was unfair.
“You can get yourself into accidents regardless of how much experience you have or whatever your age,” he said, adding age and experience did not necessarily determine a driver’s attitude.
He also questioned the fairness for those staying in Pandan or Klang but working in the city centre possibly having to pay more because these were crime-prone areas.
Khafif said if those against the policy started a petition, it might stop it from being implemented.
Come 2017, motor insurance rates will be based on a list of risk factors, instead of the current pricing policy.
This was revealed in an article by paultan.org – a popular Malaysian automotive blog.
This move would mean drivers will have to pay insurance premium rates based on how much risk they are perceived to carry.
Among the risk factors that would be considered included location of residence, vehicle make and model, use of vehicle, occupation of owner, history of claims, gender and age.
- See more at: http://www.freemalaysiatoday.com/category/nation/2016/03/26/dont-focus-on-profits-consumer-group-tells-insurance-firms/#sthash.fAOoHALO.dpuf
He said such risk-based assessment would impact the public, more so those who were poor and from rural areas.
Nadzim said the poorer section of the public usually stayed in higher-risk areas compared with those who were more well off.
“Anything that is going to be imposed should be fair. Insurance companies should not just focus on profits,” he told FMT.
Nadzim said the government must look at the socio-economic impact such a policy would have on Malaysians, especially given the present economic situation.
“We can’t have a policy which will end up comparing factors between those who are rich and the poor in setting prices,” he said urging the authorities and insurance companies to be more humane.
He said the policy would only make matters more complicated for consumers.
Khafif added that taking into account factors such as age, occupation or area of residence was unfair.
“You can get yourself into accidents regardless of how much experience you have or whatever your age,” he said, adding age and experience did not necessarily determine a driver’s attitude.
He also questioned the fairness for those staying in Pandan or Klang but working in the city centre possibly having to pay more because these were crime-prone areas.
Khafif said if those against the policy started a petition, it might stop it from being implemented.
Come 2017, motor insurance rates will be based on a list of risk factors, instead of the current pricing policy.
This was revealed in an article by paultan.org – a popular Malaysian automotive blog.
This move would mean drivers will have to pay insurance premium rates based on how much risk they are perceived to carry.
Among the risk factors that would be considered included location of residence, vehicle make and model, use of vehicle, occupation of owner, history of claims, gender and age.
- See more at: http://www.freemalaysiatoday.com/category/nation/2016/03/26/dont-focus-on-profits-consumer-group-tells-insurance-firms/#sthash.fAOoHALO.dpuf
Persatuan
Pengguna Islam Malaysia (PPIM) chief Nadzim Johan has said risk-based
assessment for vehicle insurance premiums was unfair and urged the
government to review this practice expected to be introduced next year.
He said such risk-based assessment would impact the public, more so those who were poor and from rural areas.
Nadzim said the poorer section of the public usually stayed in higher-risk areas compared with those who were more well off.
“Anything that is going to be imposed should be fair. Insurance companies should not just focus on profits,” he told FMT.
Nadzim said the government must look at the socio-economic impact such a policy would have on Malaysians, especially given the present economic situation.
“We can’t have a policy which will end up comparing factors between those who are rich and the poor in setting prices,” he said urging the authorities and insurance companies to be more humane.
- See more at: http://www.freemalaysiatoday.com/category/nation/2016/03/26/dont-focus-on-profits-consumer-group-tells-insurance-firms/#sthash.fAOoHALO.dpuf
He said such risk-based assessment would impact the public, more so those who were poor and from rural areas.
Nadzim said the poorer section of the public usually stayed in higher-risk areas compared with those who were more well off.
“Anything that is going to be imposed should be fair. Insurance companies should not just focus on profits,” he told FMT.
Nadzim said the government must look at the socio-economic impact such a policy would have on Malaysians, especially given the present economic situation.
“We can’t have a policy which will end up comparing factors between those who are rich and the poor in setting prices,” he said urging the authorities and insurance companies to be more humane.
- See more at: http://www.freemalaysiatoday.com/category/nation/2016/03/26/dont-focus-on-profits-consumer-group-tells-insurance-firms/#sthash.fAOoHALO.dpuf
Persatuan
Pengguna Islam Malaysia (PPIM) chief Nadzim Johan has said risk-based
assessment for vehicle insurance premiums was unfair and urged the
government to review this practice expected to be introduced next year.
He said such risk-based assessment would impact the public, more so those who were poor and from rural areas.
Nadzim said the poorer section of the public usually stayed in higher-risk areas compared with those who were more well off.
“Anything that is going to be imposed should be fair. Insurance companies should not just focus on profits,” he told FMT.
Nadzim said the government must look at the socio-economic impact such a policy would have on Malaysians, especially given the present economic situation.
“We can’t have a policy which will end up comparing factors between those who are rich and the poor in setting prices,” he said urging the authorities and insurance companies to be more humane.
- See more at: http://www.freemalaysiatoday.com/category/nation/2016/03/26/dont-focus-on-profits-consumer-group-tells-insurance-firms/#sthash.fAOoHALO.dpuf
He said such risk-based assessment would impact the public, more so those who were poor and from rural areas.
Nadzim said the poorer section of the public usually stayed in higher-risk areas compared with those who were more well off.
“Anything that is going to be imposed should be fair. Insurance companies should not just focus on profits,” he told FMT.
Nadzim said the government must look at the socio-economic impact such a policy would have on Malaysians, especially given the present economic situation.
“We can’t have a policy which will end up comparing factors between those who are rich and the poor in setting prices,” he said urging the authorities and insurance companies to be more humane.
- See more at: http://www.freemalaysiatoday.com/category/nation/2016/03/26/dont-focus-on-profits-consumer-group-tells-insurance-firms/#sthash.fAOoHALO.dpuf
Persatuan
Pengguna Islam Malaysia (PPIM) chief Nadzim Johan has said risk-based
assessment for vehicle insurance premiums was unfair and urged the
government to review this practice expected to be introduced next year.
He said such risk-based assessment would impact the public, more so those who were poor and from rural areas.
Nadzim said the poorer section of the public usually stayed in higher-risk areas compared with those who were more well off.
“Anything that is going to be imposed should be fair. Insurance companies should not just focus on profits,” he told FMT.
Nadzim said the government must look at the socio-economic impact such a policy would have on Malaysians, especially given the present economic situation.
“We can’t have a policy which will end up comparing factors between those who are rich and the poor in setting prices,” he said urging the authorities and insurance companies to be more humane.
Wira Owners Club president Khafif Japri said risk-based assessments were ridiculous.
He said the policy would only make matters more complicated for consumers.
Khafif added that taking into account factors such as age, occupation or area of residence was unfair.
“You can get yourself into accidents regardless of how much experience you have or whatever your age,” he said, adding age and experience did not necessarily determine a driver’s attitude.
He also questioned the fairness for those staying in Pandan or Klang but working in the city centre possibly having to pay more because these were crime-prone areas.
Khafif said if those against the policy started a petition, it might stop it from being implemented.
Come 2017, motor insurance rates will be based on a list of risk factors, instead of the current pricing policy.
This was revealed in an article by paultan.org – a popular Malaysian automotive blog.
This move would mean drivers will have to pay insurance premium rates based on how much risk they are perceived to carry.
Among the risk factors that would be considered included location of residence, vehicle make and model, use of vehicle, occupation of owner, history of claims, gender and age.
- See more at: http://www.freemalaysiatoday.com/category/nation/2016/03/26/dont-focus-on-profits-consumer-group-tells-insurance-firms/#sthash.fAOoHALO.dpuf
He said such risk-based assessment would impact the public, more so those who were poor and from rural areas.
Nadzim said the poorer section of the public usually stayed in higher-risk areas compared with those who were more well off.
“Anything that is going to be imposed should be fair. Insurance companies should not just focus on profits,” he told FMT.
Nadzim said the government must look at the socio-economic impact such a policy would have on Malaysians, especially given the present economic situation.
“We can’t have a policy which will end up comparing factors between those who are rich and the poor in setting prices,” he said urging the authorities and insurance companies to be more humane.
He said the policy would only make matters more complicated for consumers.
Khafif added that taking into account factors such as age, occupation or area of residence was unfair.
“You can get yourself into accidents regardless of how much experience you have or whatever your age,” he said, adding age and experience did not necessarily determine a driver’s attitude.
He also questioned the fairness for those staying in Pandan or Klang but working in the city centre possibly having to pay more because these were crime-prone areas.
Khafif said if those against the policy started a petition, it might stop it from being implemented.
Come 2017, motor insurance rates will be based on a list of risk factors, instead of the current pricing policy.
This was revealed in an article by paultan.org – a popular Malaysian automotive blog.
This move would mean drivers will have to pay insurance premium rates based on how much risk they are perceived to carry.
Among the risk factors that would be considered included location of residence, vehicle make and model, use of vehicle, occupation of owner, history of claims, gender and age.
- See more at: http://www.freemalaysiatoday.com/category/nation/2016/03/26/dont-focus-on-profits-consumer-group-tells-insurance-firms/#sthash.fAOoHALO.dpuf
Persatuan
Pengguna Islam Malaysia (PPIM) chief Nadzim Johan has said risk-based
assessment for vehicle insurance premiums was unfair and urged the
government to review this practice expected to be introduced next year.
He said such risk-based assessment would impact the public, more so those who were poor and from rural areas.
Nadzim said the poorer section of the public usually stayed in higher-risk areas compared with those who were more well off.
“Anything that is going to be imposed should be fair. Insurance companies should not just focus on profits,” he told FMT.
Nadzim said the government must look at the socio-economic impact such a policy would have on Malaysians, especially given the present economic situation.
“We can’t have a policy which will end up comparing factors between those who are rich and the poor in setting prices,” he said urging the authorities and insurance companies to be more humane.
Wira Owners Club president Khafif Japri said risk-based assessments were ridiculous.
He said the policy would only make matters more complicated for consumers.
Khafif added that taking into account factors such as age, occupation or area of residence was unfair.
“You can get yourself into accidents regardless of how much experience you have or whatever your age,” he said, adding age and experience did not necessarily determine a driver’s attitude.
He also questioned the fairness for those staying in Pandan or Klang but working in the city centre possibly having to pay more because these were crime-prone areas.
Khafif said if those against the policy started a petition, it might stop it from being implemented.
Come 2017, motor insurance rates will be based on a list of risk factors, instead of the current pricing policy.
This was revealed in an article by paultan.org – a popular Malaysian automotive blog.
This move would mean drivers will have to pay insurance premium rates based on how much risk they are perceived to carry.
Among the risk factors that would be considered included location of residence, vehicle make and model, use of vehicle, occupation of owner, history of claims, gender and age.
- See more at: http://www.freemalaysiatoday.com/category/nation/2016/03/26/dont-focus-on-profits-consumer-group-tells-insurance-firms/#sthash.fAOoHALO.dpuf
He said such risk-based assessment would impact the public, more so those who were poor and from rural areas.
Nadzim said the poorer section of the public usually stayed in higher-risk areas compared with those who were more well off.
“Anything that is going to be imposed should be fair. Insurance companies should not just focus on profits,” he told FMT.
Nadzim said the government must look at the socio-economic impact such a policy would have on Malaysians, especially given the present economic situation.
“We can’t have a policy which will end up comparing factors between those who are rich and the poor in setting prices,” he said urging the authorities and insurance companies to be more humane.
He said the policy would only make matters more complicated for consumers.
Khafif added that taking into account factors such as age, occupation or area of residence was unfair.
“You can get yourself into accidents regardless of how much experience you have or whatever your age,” he said, adding age and experience did not necessarily determine a driver’s attitude.
He also questioned the fairness for those staying in Pandan or Klang but working in the city centre possibly having to pay more because these were crime-prone areas.
Khafif said if those against the policy started a petition, it might stop it from being implemented.
Come 2017, motor insurance rates will be based on a list of risk factors, instead of the current pricing policy.
This was revealed in an article by paultan.org – a popular Malaysian automotive blog.
This move would mean drivers will have to pay insurance premium rates based on how much risk they are perceived to carry.
Among the risk factors that would be considered included location of residence, vehicle make and model, use of vehicle, occupation of owner, history of claims, gender and age.
- See more at: http://www.freemalaysiatoday.com/category/nation/2016/03/26/dont-focus-on-profits-consumer-group-tells-insurance-firms/#sthash.fAOoHALO.dpuf
Persatuan
Pengguna Islam Malaysia (PPIM) chief Nadzim Johan has said risk-based
assessment for vehicle insurance premiums was unfair and urged the
government to review this practice expected to be introduced next year.
He said such risk-based assessment would impact the public, more so those who were poor and from rural areas.
Nadzim said the poorer section of the public usually stayed in higher-risk areas compared with those who were more well off.
“Anything that is going to be imposed should be fair. Insurance companies should not just focus on profits,” he told FMT.
Nadzim said the government must look at the socio-economic impact such a policy would have on Malaysians, especially given the present economic situation.
“We can’t have a policy which will end up comparing factors between those who are rich and the poor in setting prices,” he said urging the authorities and insurance companies to be more humane.
- See more at: http://www.freemalaysiatoday.com/category/nation/2016/03/26/dont-focus-on-profits-consumer-group-tells-insurance-firms/#sthash.fAOoHALO.dpuf
He said such risk-based assessment would impact the public, more so those who were poor and from rural areas.
Nadzim said the poorer section of the public usually stayed in higher-risk areas compared with those who were more well off.
“Anything that is going to be imposed should be fair. Insurance companies should not just focus on profits,” he told FMT.
Nadzim said the government must look at the socio-economic impact such a policy would have on Malaysians, especially given the present economic situation.
“We can’t have a policy which will end up comparing factors between those who are rich and the poor in setting prices,” he said urging the authorities and insurance companies to be more humane.
- See more at: http://www.freemalaysiatoday.com/category/nation/2016/03/26/dont-focus-on-profits-consumer-group-tells-insurance-firms/#sthash.fAOoHALO.dpuf
Persatuan
Pengguna Islam Malaysia (PPIM) chief Nadzim Johan has said risk-based
assessment for vehicle insurance premiums was unfair and urged the
government to review this practice expected to be introduced next year.
He said such risk-based assessment would impact the public, more so those who were poor and from rural areas.
Nadzim said the poorer section of the public usually stayed in higher-risk areas compared with those who were more well off.
“Anything that is going to be imposed should be fair. Insurance companies should not just focus on profits,” he told FMT.
Nadzim said the government must look at the socio-economic impact such a policy would have on Malaysians, especially given the present economic situation.
“We can’t have a policy which will end up comparing factors between those who are rich and the poor in setting prices,” he said urging the authorities and insurance companies to be more humane.
- See more at: http://www.freemalaysiatoday.com/category/nation/2016/03/26/dont-focus-on-profits-consumer-group-tells-insurance-firms/#sthash.fAOoHALO.dpuf
He said such risk-based assessment would impact the public, more so those who were poor and from rural areas.
Nadzim said the poorer section of the public usually stayed in higher-risk areas compared with those who were more well off.
“Anything that is going to be imposed should be fair. Insurance companies should not just focus on profits,” he told FMT.
Nadzim said the government must look at the socio-economic impact such a policy would have on Malaysians, especially given the present economic situation.
“We can’t have a policy which will end up comparing factors between those who are rich and the poor in setting prices,” he said urging the authorities and insurance companies to be more humane.
- See more at: http://www.freemalaysiatoday.com/category/nation/2016/03/26/dont-focus-on-profits-consumer-group-tells-insurance-firms/#sthash.fAOoHALO.dpuf
Persatuan
Pengguna Islam Malaysia (PPIM) chief Nadzim Johan has said risk-based
assessment for vehicle insurance premiums was unfair and urged the
government to review this practice expected to be introduced next year.
He said such risk-based assessment would impact the public, more so those who were poor and from rural areas.
Nadzim said the poorer section of the public usually stayed in higher-risk areas compared with those who were more well off.
“Anything that is going to be imposed should be fair. Insurance companies should not just focus on profits,” he told FMT.
Nadzim said the government must look at the socio-economic impact such a policy would have on Malaysians, especially given the present economic situation.
“We can’t have a policy which will end up comparing factors between those who are rich and the poor in setting prices,” he said urging the authorities and insurance companies to be more humane.
- See more at: http://www.freemalaysiatoday.com/category/nation/2016/03/26/dont-focus-on-profits-consumer-group-tells-insurance-firms/#sthash.fAOoHALO.dpuf
Persatuan Pengguna Islam Malaysia (PPIM) chief Nadzim Johan has said risk-based assessment for vehicle insurance premiums was unfair and urged the government to review this practice expected to be introduced next year. He said such risk-based assessment would impact the public, more so those who were poor and from rural areas.
Nadzim said the poorer section of the public usually stayed in higher-risk areas compared with those who were more well off.
“Anything that is going to be imposed should be fair. Insurance companies should not just focus on profits,” he told FMT.
Nadzim said the government must look at the socio-economic impact such a policy would have on Malaysians, especially given the present economic situation.
“We can’t have a policy which will end up comparing factors between those who are rich and the poor in setting prices,” he said urging the authorities and insurance companies to be more humane.
- See more at: http://www.freemalaysiatoday.com/category/nation/2016/03/26/dont-focus-on-profits-consumer-group-tells-insurance-firms/#sthash.fAOoHALO.dpuf
He said such risk-based assessment would impact the public, more so those who were poor and from rural areas. Nadzim said the poorer section of the public usually stayed in higher-risk areas compared with those who were more well off.
“Anything that is going to be imposed should be fair. Insurance companies should not just focus on profits,” he told FMT. Nadzim said the government must look at the socio-economic impact such a policy would have on Malaysians, especially given the present economic situation.
“We can’t have a policy which will end up comparing factors between those who are rich and the poor in setting prices,” he said urging the authorities and insurance companies to be more humane.
Wira Owners Club president Khafif Japri said risk-based assessments were ridiculous. He said the policy would only make matters more complicated for consumers. Khafif added that taking into account factors such as age, occupation or area of residence was unfair.
“You can get yourself into accidents regardless of how much experience you have or whatever your age,” he said, adding age and experience did not necessarily determine a driver’s attitude.
He also questioned the fairness for those staying in Pandan or Klang but working in the city centre possibly having to pay more because these were crime-prone areas.
Khafif said if those against the policy started a petition, it might stop it from being implemented. Come 2017, motor insurance rates will be based on a list of risk factors, instead of the current pricing policy.
Persatuan
Pengguna Islam Malaysia (PPIM) chief Nadzim Johan has said risk-based
assessment for vehicle insurance premiums was unfair and urged the
government to review this practice expected to be introduced next year.
He said such risk-based assessment would impact the public, more so those who were poor and from rural areas.
Nadzim said the poorer section of the public usually stayed in higher-risk areas compared with those who were more well off.
“Anything that is going to be imposed should be fair. Insurance companies should not just focus on profits,” he told FMT.
Nadzim said the government must look at the socio-economic impact such a policy would have on Malaysians, especially given the present economic situation.
“We can’t have a policy which will end up comparing factors between those who are rich and the poor in setting prices,” he said urging the authorities and insurance companies to be more humane.
- See more at: http://www.freemalaysiatoday.com/category/nation/2016/03/26/dont-focus-on-profits-consumer-group-tells-insurance-firms/#sthash.fAOoHALO.dpuf
He said such risk-based assessment would impact the public, more so those who were poor and from rural areas.
Nadzim said the poorer section of the public usually stayed in higher-risk areas compared with those who were more well off.
“Anything that is going to be imposed should be fair. Insurance companies should not just focus on profits,” he told FMT.
Nadzim said the government must look at the socio-economic impact such a policy would have on Malaysians, especially given the present economic situation.
“We can’t have a policy which will end up comparing factors between those who are rich and the poor in setting prices,” he said urging the authorities and insurance companies to be more humane.
- See more at: http://www.freemalaysiatoday.com/category/nation/2016/03/26/dont-focus-on-profits-consumer-group-tells-insurance-firms/#sthash.fAOoHALO.dpuf
No comments:
Post a Comment