What does PIAM mean in UNCLASSIFIED
PIAM stands for the Persatuan Insurans Am Malaysia. It is a non-profit association that works to provide industry information and support to Malaysian insurance industry. It has been active in the market for over 50 years, and has earned a reputation as one of the leading organizations in its field. PIAM provides technical assistance to insurance companies, professionals, and consumers alike with an aim to promote transparency, fairness, and trustworthiness in the Malaysian insurance industry.
PIAM meaning in Unclassified in Miscellaneous
PIAM mostly used in an acronym Unclassified in Category Miscellaneous that means Persatuan Insurans Am Malaysia
Shorthand: PIAM,
Full Form: Persatuan Insurans Am Malaysia
For more information of "Persatuan Insurans Am Malaysia", see the section below.
Essential Questions and Answers on Persatuan Insurans Am Malaysia in "MISCELLANEOUS»UNFILED"
What is PIAM?
PIAM stands for Persatuan Insurans Am Malaysia. It is a non-profit association established in 1980 that represents and regulates the insurance industry in Malaysia. It also strives to protect policyholders’ interests and provide assistance to the public on matters relating to insurance.
Is PIAM a government agency?
No, PIAM is not a government agency. It is an independent, non-governmental organisation that works closely with relevant authorities such as Bank Negara Malaysia (BNM) and the Malaysian Insurance Institute (MII).
What are the services provided by PIAM?
The main services provided by PIAM include: monitoring of insurers’ activities; providing advice and support to insurers; helping policyholders resolve disputes; conducting research and other related activities in order to enhance the insurance industry in Malaysia.
Does PIAM offer any consumer protection services?
Yes, PIAM offers various consumer protection services such as mediation between insurers and policyholders, providing information on rights and obligations of consumers towards their respective insurers as well as offering advice on ways to avoid misunderstandings or disputes between policyholders and their insurers.
What types of insurance are protected by PIAM?
PIAM generally protects all types of general insurance products such as motor vehicle, health insurance, travel insurance, houseowners/householders’ insurance etc.
How does one make a complaint to PIAM?
A complaint can be submitted via email or mail where you will need to provide relevant documentation such as your insurer's name, policy number, date of purchase etc. A reply will be sent within 14 working days from the date of receipt of your complaint. Alternatively, you can submit a complaint form online via the ‘Complaint Portal’ which can be found on PIAM's official website. A response will be given within seven (7) days after submission of your complaint form online through this portal.
Final Words:
It is clear from this brief overview that PIAM serves an essential role in supporting both insurers and customers throughout Malaysia's general insurance sector. By providing access to detailed information about relevant laws governing the industry, useful educational materials related than can help policyholders make better decisions regarding their coverage needs, as well as offering various practical means for cost containment or dispute resolution scenarios - not only does PIAM help protect customers from falling victim to fraud or being taken advantage by predatory practices - but also bolsters insurer's ability make fairer decisions based off more accurate data points while still protecting them from excessive financial losses due to fraudulent activity or poor risk management principles implemented within an organization.
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