Is the Local Insurance Industry Anti-Competitive?
Philip Smith, Chief Executive Officer, Zurich Insurance Malaysia
04-Apr-17 08:05
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The Malaysian Competition Commission has proposed a fine of RM213.45 million for alleged anti-competitive behavior by the General Insurance Association of Malaysia (PIAM) and its 22 members. Philip provides insights into the current state of the domestic insurance sector, along with the associated challenges.
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Tags: life insurance, liberalisation measures, anti-competition, regulations, intervention, detarrification, direct channels, insurance tech, Bank Negara Malaysia
