Perlindungan dan Indemniti Malaysia Sdn Bhd, better known as P&I Malaysia was officially launched 2016. This initiative to set up a national protection and indemnity carrier was the brainchild of the Ministry of Transportation and forms part of the government's strategy to enhance Malaysia's maritime infrastructure whilst increasing insurance premium retention in the country.
This 100% government support establishment aspires to be a preferred marine liability insurance provider in ASEAN. The first task entrusted to P&I Malaysia was to create an affordable marine liability insurance scheme to facilitate compliance with the compulsory insurance requirements under the Merchant Shipping Ordinance 1952 I as amended by Act A1393) for small ships below 300GT. P&I Malaysia's structure is compact at the present stage and will grow in tandem with its increasing presence in the P&I marketplace.
PNI Malaysia is a new and innovative company bringing a bold and fresh approach to insurance that meets the needs of today's shipping industry.