Insurance Industry Grapples with Inflation and Soaring Accident Expenses

Antony Lee, Deputy Chairman , General Insurance Association of Malaysia (PIAM)

10-Oct-25 07:45

Insurance Industry Grapples with Inflation and Soaring Accident Expenses

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Antony Lee, Deputy Chairman of the General Insurance Association of Malaysia (PIAM), explains the factors contributing to higher repair costs for electric vehicles and their implications for long-term ownership and insurance premiums. He also highlights how medical costs are rising faster than insurance premiums.

Image Credit: Shutterstock.com

Produced by: Elaine Boey

Presented by: Elaine Boey, Shazana Mokhtar, Wong Shou Ning

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Categories: economy

Tags: insurance, ev, healthcare, medical, insurance premiums,

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