Kurnia Insurans will use the ISM-ABI online system for underwriting motor insurance.Read the full news from Bernama below.
KURNIA ADOPTS NEW ISM-ABI SYSTEM.
KUALA LUMPUR, March 8 — Kurnia Insurans, the leading motor insurer in the country, is the first to commence using the Insurance Services Malaysia-Automotive Business Intelligence (ISM-ABI) online system, for underwriting motor insurance.
In a statement Monday, ISM Chief Executive Officer Carl Rajendram said Kurnia is using the system to provide its customers with an indicative value of their vehicle upon purchase or in renewing their comprehensive motor insurance.
“Upon theft or total loss claim for a vehicle, Kurnia Insurans will pay an agreed insured value proposed by the customer and accepted by it under this new system,” he added.
The ISM-ABI is an independent vehicle evaluation system provided by Insurance Services Malaysia Bhd and approved by Bank Negara Malaysia as well as the General Insurance Association of Malaysia (PIAM).
Kurnia started using the new online system from January this year through its Electronic Cover Note (eCN) web-based system, for all its 7,000 agents nationwide.