Abstract
This report provides a detailed overview of the Malaysian insurance requirements for vehicle security. It contains both market and technical information on the current insurance situation, as well as important changes being considered for the future.
If the expected changes are made vehicle manufacturers will, for the first time, see a clear insurance benefit for the fitment of security systems. This report explains why the Malaysian market should be monitored by manufacturers.
Table of Contents
1. Executive summary
- 1.1 Overview
- 1.2 Current insurance situation
- 1.3 Future insurance changes
2. Malaysia
- 2.1 Market situation
- 2.1.1. Theft data
- 2.1.2. Theft reduction initiatives
- 2.2 Insurance system
- 2.2.1. Insurance association
- 2.2.2. Types of insurance
- 2.3 Cost of ownership
- 2.3.1. Insurance classification
- 2.3.2. Damage and repairability (D&R)
- 2.4 Security requirements and benefits
- 2.4.1. Door lock requirements
- 2.4.2. Devices for protection against unauthorised use requirements
- 2.4.3. Alarm system (VSAS) requirements
- 2.4.4. Immobiliser system (VSIS) requirements
- 2.4.5. Benefits for security
- 2.4.6. Future developments
List of figures
- Figure 1. Malaysian market
- Figure 2. Malaysian new car sales (passenger cars only)
- Figure 3. Malaysian market share by Vehicle Manufacturer
- Figure 4. Malaysian theft data
- Figure 5. Malaysian theft recovery data
- Figure 6. Security system benefits in Malaysia
List of tables
- Table 1. Vehicle thefts (by manufacturer) in Malaysia
- Table 2. Most stolen vehicles in Malaysia
- Table 3. Most stolen non-domestic vehicles in Malaysia
- Table 4. Market share of motor insurance companies in Malaysia
- Table 5. Summary of Malaysian insurance requirements
- Table 6. Malaysian locking system requirements
- Table 7. Malaysian devices for protection against unauthorised use requirements
- Table 8. Malaysian alarm system requirements
- Table 9. Malaysian immobiliser system requirements
- Table 10. Malaysian insurer' s SVT system promotions
