Malaysia is an interesting tourist destination and is very well know for it. But did you also know that Malaysia is among the top 10 countries in the world known for vehicle thefts?
An average of 60 vehicles get stolen every day, and the most stolen vehicle is the Proton Wira. It has been the chosen model for thieves in 2014 and 2015.
Mark Lim, the CEO of General Insurance Association of Malaysia (PIAM), quoted, "This equates to a staggering RM13.2 million per day payout in motor claims for property damage, bodily injury and vehicle theft."
He also said that the number of thefts have reduced in the first quarter of 2016, compared to the same period last year. "The total number of stolen vehicles for all classes in the first half of this year was 11,796 vehicles compared with 12,412 for the same period in 2015."
"This represents a five per cent reduction in the number of vehicle thefts," Lim said when releasing the industry's half-year report here Wednesday."
According to data, during the first quarter of 2015, 4,539 private vehicles, 7,122 motorcycles, and 751 commercial vehicles were stolen, compared to 4,472 private vehicles, 6,502 motorcycles, and 821 commercial vehicles reported stolen this year, during the first quarter.
Even with high vehicle theft numbers, Antony Lee, the Chairman of PIAM said that the General Insurance industry has recorded three percent growth for the first quarter of 2016.