Detariffication: Slowly but Surely
Antony Lee, Chairman of General Insurance Association of Malaysia (PIAM)
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Bank Negara wants consumers to get a better deal out of insurance products. The liberalisation of insurance pricing, called 'detariffication' in industry speak, has taken a long time to materialise but will be implemented in the next few years. We find out how this will impact the general insurance industry.
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