In­ten­si­fy­ing ef­forts to re­duce road ac­ci­dents

The Sun (Malaysia) - - NEWS WITHOUT BORDERS -

PETALING JAYA: The Gen­eral In­sur­ance As­so­ci­a­tion of Malaysia (PIAM) is in­ten­si­fy­ing its col­lab­o­ra­tion with ma­jor stake­hold­ers to re­duce road ac­ci­dents by 20% for 2018 and 50% from 2020, its chair­man Antony Lee said.

The phased lib­er­al­i­sa­tion of mo­tor in­sur­ance tar­iffs has been go­ing smoothly and the Na­tional Con­sumer Ed­u­ca­tion Cam­paign has height­ened aware­ness among the pub­lic on the ben­e­fits to con­sumers.

He said mo­torists may be re­warded with lower in­sur­ance premium rates by be­ing safe driv­ers and a re­spon­si­ble car own­ers but ac­ci­dent rates re­main alarm­ingly high.

Lee said the fa­tal­ity in­dex in 2017 stands at 2.34 com­pared with 2.59 in 2016, de­spite a re­duc­tion. PIAM aims to achieve an in­dex of 2.0 for ev­ery 10,000 reg­is­tered ve­hi­cles.

Its chief ex­ec­u­tive of­fi­cer Mark Lim said the trend of ac­ci­dents and fa­tal­i­ties caused by heavy and com­mer­cial ve­hi­cles is wor­ry­ing, al­though con­sumer ed­u­ca­tion is im­por­tant, en­force­ment is equally cru­cial.

“The in­sur­ance in­dus­try sup­ports the Ke­jara Sys­tem as any in­for­ma­tion on er­rant and high-risk driv­ers will be use­ful. We look for­ward to work­ing with govern­ment agen­cies to help re­duce the na­tional road ac­ci­dent rate.

“Mo­tor in­sur­ers cur­rently pay out RM14.7 mil­lion per day in claims. This is a stag­ger­ing amount and can­not be sus­tained,” he said. – by Rajvinder Singh

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