Malaysia – No part of medical expenses for insurance bodies
Wednesday, 08 16 2017, Category: Insurance and Reinsurance, Country: Malaysia
Three insurance industry associations in Malaysia have released a joint statement denying allegations that they receive a share of their policyholders’ medical expenses in hospitals.
The trio – Life Insurance Association of Malaysia (LIAM), General Insurance Association of Malaysia (PIAM), and Malaysian Takaful Association (MTA) – said that they take the “unfounded allegations” seriously.
“Insurance companies and takaful operators through LIAM, PIAM, and MTA had worked closely with the hospitals and third-party administrators to ensure that the cost of healthcare is maintained at an affordable level,” the statement said.
Source: Insurance Business