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Car Theft and Insurance Requirements for Malaysia
SBD, Feb 2011, Pages: 26
Organised crime, new legislation and pressure to de-regulate insurance make Malaysia a complex and changing market for passenger vehicles...
The vehicle theft risk in Malaysia is one of the highest in the world, with vehicles more likely to be stolen there than in the USA or the UK. Furthermore, Malaysia is one of only a small number of countries to show a consistent increase in vehicle theft since 2001.
Currently, the Malaysian insurance industry is tightly regulated by the government. Potential changes to the system along with new legislation mandating immobilisers and an increased public awareness of vehicle theft could make security a much bigger concern for insurers, manufacturers and customers.
SBD have been monitoring this important Asian market since 2007 and this latest report gives a comprehensive guide and analysis of the country's theft issues, insurance market and the latest legislation.
This report will enable you to:
- Understand how to meet insurance and legislation requirements for immobilisation
- Learn how thieves are targeting vehicles in Malaysia as well as the government and police initiatives in place to combat them
- Determine how motor premiums are created and what are the restrictions
- Produce a vehicle with the appropriate level of security to meet consumer demands
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