KUALA LUMPUR: A long-running competition case involving Malaysia’s general insurance industry is in its final stages, with a court decision expected on Aug 18, 2026.
Allianz Malaysia group CEO Sean Wang Wee Keong said the insurer was not found liable in the tribunal’s decision and that the case is now under appeal by the Malaysia Competition Commission (MyCC).
“We were not found to be liable. The case is now at the final stage, with MyCC appealing. It is currently under court review,” he told reporters after the group’s annual general meeting today.
Wang declined to comment further, citing ongoing legal proceedings, and said the case has not influenced Allianz’s business strategy.
“Allianz has not shifted its focus. Both its general and life insurance segments are growing, and we continue to see strong performance across the business,” he said.
While the case is not expected to have a material financial impact on insurers, it is being closely watched for its potential implications on claims cost management, particularly how insurers engage with repair workshops and determine pricing structures for motor claims.
Motor insurance remains a core segment for Allianz, which holds about 25% market share in Malaysia.
The case, brought by MyCC, centres on allegations that Persatuan Insurans Am Malaysia (PIAM) and 22 insurers engaged in anti-competitive practices by collectively setting spare parts discount rates and labour charges for vehicle repairs under the industry’s Approved Repairers Scheme.
In 2020, MyCC ruled that the arrangement breached the Competition Act 2010 and imposed financial penalties on the insurers, including Allianz Malaysia Bhd.
However, the Competition Appeal Tribunal overturned the decision in 2022, ruling in favour of the insurers and finding no infringement. MyCC subsequently challenged the ruling, leading to the current proceedings before the Court of Appeal.
