Business insurance · Malaysia
Tokio Marine Malaysia
Tokio Marine group's Malaysian general insurer, with a combined CAR/EAR product
Market position
Tokio Marine Insurans (Malaysia) Berhad is a general insurer in Japan's Tokio Marine group and a member of the General Insurance Association of Malaysia (PIAM). Its website carries a combined Contractors' All Risks / Erection All Risks product page. In May 2026 Bank Negara Malaysia allowed RHB Bank to start talks on selling RHB Insurance to Tokio Marine for integration with its Malaysian business, per The Star and The Edge.
Malaysia-specific note
Bank Negara Malaysia allowed RHB Bank in May 2026 to start talks on selling RHB Insurance to Tokio Marine for integration with Tokio Marine's Malaysian business; the two groups had held earlier talks in 2019. No completed deal was reported by the end of September 2026.
Pros
- + Combined Contractors' All Risks / Erection All Risks product
- + Part of Japan's Tokio Marine group
- + Member of the General Insurance Association of Malaysia (PIAM)
Cons
- − No public premium rates found; quote-based
- − Ownership structure may change: merger talks with RHB Insurance began in May 2026
- − Ask for the Product Disclosure Sheet: policy details were not readable on its website
Typical Malaysia pricing
Quote-based; no public premium rates found.
Why this matters for Malaysia trades
Under Act 520, every local and foreign contractor must register with CIDB (the Construction Industry Development Board), which grades contractors G1 to G7 with works limits from RM200,000 (G1) to no limit (G7), issues the SPKK certificate for government works and registers construction workers, site supervisors and project managers through the Green Card; working unregistered risks a fine of RM10,000 to RM100,000. LHDN/IRBM runs income tax, employers’ monthly PCB/MTD deductions and the MyInvois e-invoicing system. SSM (the Companies Commission of Malaysia) registers businesses, companies and LLPs; under Act 138 only a Professional Engineer or engineering consultancy practice registered with the Board of Engineers Malaysia (BEM) may submit engineering plans to an authority; and employers must register with and pay monthly contributions to EPF/KWSP and to SOCSO/PERKESO (including EIS), with HRD Corp registration and levy required at 10 or more employees in covered industries.
Malaysian construction and trades software selection is shaped by MyInvois, the national e-invoicing system run by LHDN/IRBM (the Inland Revenue Board), rolled out in phases by turnover from August 2024. Businesses with turnover up to RM5 million entered on 1 January 2026, but under LHDN’s e-Invoice Guideline of 30 August 2026 those below RM3 million are exempt unless a shareholder company, holding company, related company or joint venture has turnover of RM3 million or more, and an interim relaxation for the up-to-RM5 million phase runs to 31 December 2027, allowing consolidated e-invoices for taxpayers who meet its conditions. AutoCount, SQL Account, Bukku and other local accounting and ERP vendors listed here say they submit e-invoices to MyInvois. Add the Ringgit (MYR), SST, CIDB contractor grading from G1 to G7, and monthly EPF, SOCSO, EIS and PCB payroll deductions, with LHDN publishing a list of payroll software whose PCB calculation meets its specification.
Frequently asked
Is Tokio Marine Malaysia a good fit for Malaysia trades?
Tokio Marine Insurans (Malaysia) Berhad is a general insurer in Japan's Tokio Marine group and a member of the General Insurance Association of Malaysia (PIAM). Its website carries a combined Contractors' All Risks / Erection All Risks product page. In May 2026 Bank Negara Malaysia allowed RHB Bank to start talks on selling RHB Insurance to Tokio Marine for integration with its Malaysian business, per The Star and The Edge. Bank Negara Malaysia allowed RHB Bank in May 2026 to start talks on selling RHB Insurance to Tokio Marine for integration with Tokio Marine's Malaysian business; the two groups had held earlier talks in 2019. No completed deal was reported by the end of September 2026.
What does Tokio Marine Malaysia cost in Malaysia?
Quote-based; no public premium rates found. Pricing and availability can change by region; confirm current Malaysia pricing on the vendor's site before committing.