Welcome to GENERALI Insurance Malaysia Bhd Online Training Program Module 03

 Introduction 

All insurance business other then life insurance is termed General Insurance. In Malaysia, an insurance company must be authorised under the Financial Services Act 2013 (FSA) to carry out general insurance business. General insurance mainly comprises annual or short-term contracts with variable premiums based on the nature of the risk to be insured, the overall experience of a particular class of business (motor or non-motor), or a portfolio of risks within the same class (motor third party liability risks). General insurance us specifically designed for the indemnification of financial loss and to restore a policy owner to the same financial position he occupied immediately before the loss. General insurance or non-life insurance is broadly segregated into motor and non-motor.