De-tariffication has become a hot topic for Malaysian motor insurers after effectively implemented on 1 July 2017. Generally, the insurance companies need to set a rating factor for their premium before calculating the price on selected premium. Typically, these rating factors are based on the risk profile of the policyholder. That means, the price of the premium determined by the risk factors from the profile of the policyholder. The aim of this research to investigate the impact after de-tariff implemented among the motor insurance industry. This research also investigates the effect of de-tariff on the Good Service Tax (GST) in the premium calculation. Multiple Linear Regression (MLR) was used to determine the most significant rating factor that influence the calculation of the premium received by the motor insurance industry. Once these k rating factors and parameters are identified, the value of premiums can be calculated by taking into account these rating factors and parameters in the de-tariff formula and comparing with the existing model. The result of the study indicates that de-tariff model has lower premium compared to Malaysia tariff model. Furthermore, GST is also found to have a significant impact on the motor insurance premium, where policyholders are required to pay higher premiums than non-GST premiums. The results will help the insurance companies to find new formulas in considering new rating factors and improve the accuracy of premium calculations.

Most people should have insurance to protect themselves from damage and financial instability, especially for those in low income group B40. The objective of this study is to suggested affordable life insurance premium for the B40 group using equivalence principle method. The study's findings show that group can choose between two affordable life insurance policies is either policy 1 or policy 2. Next objective is to create a user-friendly calculator that displays life insurance and Takaful policies available in Malaysia based on the B40 monthly household income. Microsoft Excel and Visual Basic for Application (VBA) are used to accomplish this objective. It hoped that this userfriendly interface developed in this study may assist low-income earners in identifying a suitable range of premiums they may afford to pay, thereby increasing the likelihood of purchasing life insurance and Takaful.