PIAM CEO Chua Kim Soon said the insurance industry is reluctant to include every add-on from the start as it operates on customers’ willingness to take risks.KUALA LUMPUR: Just over one in four Malaysian households have flood insurance, according to the General Insurance Association of Malaysia (PIAM).
Data released by PIAM today showed that an average of 27.6% of Malaysian households had flood insurance in 2025.
The figure was even lower for motor insurance, with only 13% having flood coverage for their vehicles.
In contrast, total losses from floods reached RM636.9 million in 2025, according to the statistics department.
