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Home News Auto News Vehicle Theft Cases Declining, Proton Wira And Toyota Hilux Most Stolen Vehicle Theft Cases Declining, Proton Wira And Toyota Hilux Most Stolen Auto News Siew Weng | February 12, 2018 11:55 am The General Insurance Association of Malaysia (PIAM) revealed that there was a 23% decline in motor theft counts last year compared to 2016. In total, 15,323 vehicles were stolen, led by motorcycles with 8,874 units, followed by private cars contributing 5,625 units and the balance 824 units of commercial vehicles.In the report published by New Straits Times, the top 10 private cars that are stolen in Malaysia in 2017 are:Proton Wira – 654 unitsToyota Hilux – 537 unitsPerodua Kancil – 378 unitsProton Iswara – 340 unitsPerodua Myvi – 290 unitsProton Waja -231 unitsProton Saga – 214 unitsHonda Civic – 133 unitsHonda City – 119 unitsToyota Vios – 117 unitsMotor premiums increased to RM8.32 billion, a growth of 2.0% versus 2016, while on a declining new vehicle sales (TIV) in 2017. PIAM said that in 2017, total motor insurance claims paid out by the industry amounted to RM5.38 billion, on a daily basis this works out to a staggering RM14.7 million per day in claims for property damage, bodily injury and vehicle theft by all motor insurers. This is a 7.2% increase compared to RM5.02 billion in claims paid out for 2016.PIAM CEO Mark Lim said the establishment of Vehicle Theft Reduction Council of Malaysia Berhad (VTREC) has shown to be effective in reducing vehicle theft, and commended the efforts of all parties and agencies involved.VTREC is a multi-stakeholder platform comprising governmental agencies and the insurance companies working together to eradicate vehicle theft nationwide.In an effort to reduce motor insurance fraud in Malaysia, the insurance industry has launched the Fraud Intelligence System (FIS) in October 2017. Deploying the latest data analytics technology, FIS will provide fraud alerts to insurers when a claim is first submitted by a motorist.The system will help expose fraud syndicates at work and provide leads for detailed investigation by insurance companies eventually leading to their prosecution under the law. ✕ Let's Connect on Whatsapp We protect your personal information in compliance with the PDPA I agree with Carlist.my Terms of Use and Privacy Policy. I agree to receive personalised communication from Carlist.my and its car sellers, business affiliates and partners. Check out the best car deals in town! Prev Next Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price. Related Tags INSURANCE piam Print Related News PIAM and MTA Launch Road Safety Campaign With A Hashtag Auto News Aswan | January 17, 2022 Reducing accidents and fatalities on the road is always the goal, but are we really doing anything new here?To start the year strong, the Persatuan ... Insuring Your Car Against Flood Is Cheaper Than You Think Insights Hans | November 06, 2020 Did you know that last year, motor insurance companies in Malaysia have paid out RM5.29 billion worth of claims? In other words, Malaysian drivers ... Vehicle Insurance Optional Coverage – What Should You Get? Insights Gokul | April 08, 2020 Every one of our vehicles is covered by an insurance policy in order to protect us, the owners, from financial loss or damage in the event of a ... Four Things To Do After A Road Accident Insights Hans | November 06, 2020 If you drive regularly, the statistics suggests that sooner or later, you will be involved in an accident. The only question left is how severe will ... Comments
Vehicle Theft Cases Declining, Proton Wira And Toyota Hilux Most Stolen Auto News Siew Weng | February 12, 2018 11:55 am The General Insurance Association of Malaysia (PIAM) revealed that there was a 23% decline in motor theft counts last year compared to 2016. In total, 15,323 vehicles were stolen, led by motorcycles with 8,874 units, followed by private cars contributing 5,625 units and the balance 824 units of commercial vehicles.In the report published by New Straits Times, the top 10 private cars that are stolen in Malaysia in 2017 are:Proton Wira – 654 unitsToyota Hilux – 537 unitsPerodua Kancil – 378 unitsProton Iswara – 340 unitsPerodua Myvi – 290 unitsProton Waja -231 unitsProton Saga – 214 unitsHonda Civic – 133 unitsHonda City – 119 unitsToyota Vios – 117 unitsMotor premiums increased to RM8.32 billion, a growth of 2.0% versus 2016, while on a declining new vehicle sales (TIV) in 2017. PIAM said that in 2017, total motor insurance claims paid out by the industry amounted to RM5.38 billion, on a daily basis this works out to a staggering RM14.7 million per day in claims for property damage, bodily injury and vehicle theft by all motor insurers. This is a 7.2% increase compared to RM5.02 billion in claims paid out for 2016.PIAM CEO Mark Lim said the establishment of Vehicle Theft Reduction Council of Malaysia Berhad (VTREC) has shown to be effective in reducing vehicle theft, and commended the efforts of all parties and agencies involved.VTREC is a multi-stakeholder platform comprising governmental agencies and the insurance companies working together to eradicate vehicle theft nationwide.In an effort to reduce motor insurance fraud in Malaysia, the insurance industry has launched the Fraud Intelligence System (FIS) in October 2017. Deploying the latest data analytics technology, FIS will provide fraud alerts to insurers when a claim is first submitted by a motorist.The system will help expose fraud syndicates at work and provide leads for detailed investigation by insurance companies eventually leading to their prosecution under the law. ✕ Let's Connect on Whatsapp We protect your personal information in compliance with the PDPA I agree with Carlist.my Terms of Use and Privacy Policy. I agree to receive personalised communication from Carlist.my and its car sellers, business affiliates and partners. Check out the best car deals in town! Prev Next Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price. Related Tags INSURANCE piam
Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price.
PIAM and MTA Launch Road Safety Campaign With A Hashtag Auto News Aswan | January 17, 2022 Reducing accidents and fatalities on the road is always the goal, but are we really doing anything new here?To start the year strong, the Persatuan ...
Insuring Your Car Against Flood Is Cheaper Than You Think Insights Hans | November 06, 2020 Did you know that last year, motor insurance companies in Malaysia have paid out RM5.29 billion worth of claims? In other words, Malaysian drivers ...
Vehicle Insurance Optional Coverage – What Should You Get? Insights Gokul | April 08, 2020 Every one of our vehicles is covered by an insurance policy in order to protect us, the owners, from financial loss or damage in the event of a ...
Four Things To Do After A Road Accident Insights Hans | November 06, 2020 If you drive regularly, the statistics suggests that sooner or later, you will be involved in an accident. The only question left is how severe will ...