about us

'your risk, our forte'

Our Vission and Mission 

The P&I Malaysia has also launched a new Vision and Mission is signifying the core values of unity and professionalism.

Our Value Propositions 

Company values matter. Every successful company has a set of company values to assist employees in achieving their goals.

Our Board of Director and Team

A team of highly experienced leaders who are committed to the long-term growth and performance of the company.

Versatility


about us

Perlindungan dan Indemniti Malaysia Sdn Bhd (1156424T) better known as P&I Malaysia, incorporated on 21 August 2015, is the creation of the Government of Malaysia and the brainchild of Ministry Of Transport Malaysia (MOT). On 19 December 2018, Cabinet had included P&I Malaysia under Ministry of Transport (MOT) followed by a Federal Government Gazette “ Ministers of The Federal Government Order 2019” dated 22 January 2019.
        It’s main and primary aim is to establish a marine mutual association as a Club or to establish a first ever National Fixed Premium P&I Marine Insurer. The first task entrusted to P&I Malaysia was to create an affordable marine liability insurance scheme to facilitate compliance with the compulsory insurance requirement under the Merchant Shipping Ordinance 1952 (as amended by Act A1393) for small ships below 300GT.
        P&I Malaysia have now completed Phase 1 (first 3 years) of its operations where its primary role was to create awareness on the third party liability insurance requirements amongst small tonnage ship operators and owners whilst promoting safety awareness Peninsular-wide apart from providing affordable insurance policies.
         P&I Malaysia is now working towards Phase 2 and this is where this establishment (SPV) intends to increase its underwriting portfolio to include ships up to 5000GT. By doing this, the outflow of insurance premiums into foreign markets are reduced significantly whilst strengthening the Malaysian marine insurance and maritime infrastructure and its capabilities.

Role

  To give effect to the IMO Assembly Resolution A.898(21) which urges all shipowners to maintain insurance or similar security. This would infer Malaysia’s commitments towards IMO as a member and a growing maritime nation.

To provide a better protection for victims of marine accidents whilst ensuring that shipowners act responsibly by maintaining insurance to meet their third party liabilities.

To support LLMC Convention’s aim on having a global
limitation system.

To act as a national resource and reference centre for marine liability and to maintain close links with relevant resource centres in the country as stated in the company’s Memorandum of Association dated 20th August 2015.

The world today is rapidly changing,  the importance of innovation in navigating changes and understanding the role of insurance in underpinning not only risk-management but also risk-taking is essential for the innovation we need as the world changes like never before.

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