About Us
Perlindungan dan Indemniti Malaysia Sdn Bhd (1156424-T) 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.
P&I Malaysia’s role also includes building local talent capacity and expertise,
cooperation and collaboration with maritime agencies in streamlining maritime
administration to improve on enforcement, uniform data collection for risk
profiling, industry awareness and Malaysia’s regional branding as a
trusted competent and reliable marine insurance provider, to name a few.
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 among 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 Special Purpose Vehicle (SPV) intends to increase its
underwriting portfolio to include ships up to 5000 GT. 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.
