Motorcycle sales and the need for motorcycle insurance

AS more motorcycle riders fill the country’s roads and the motorcycle market is seen to join the Philippine economy’s recovery next year, it is important for motorcycle riders to take into account their personal safety and that of their two-wheelers, as new risks on the road emerge.

Malayan Insurance Co. Inc. (MICO), the country’s leading non-life insurer, recognizes these risks and the need for protection from unforeseen accidents for the motorcycle rider and the motorcycle unit. It has made available online an insurance coverage for motorcycle riders, called Malayan’s MotoMax. Filipinos see motorcycles as efficient and cost-effective in terms of addressing both their personal and business transportation needs, hence Malayan Insurance’s launch of an affordable protection product for the rider market.