KUALA LUMPUR, April 19 -- Following a public outcry over soaring medical insurance premiums, attention has now turned to motor insurance - but experts say a drastic hike is unlikely.

General Insurance Association of Malaysia (PIAM) chief executive Chua Kim Soon said concerns about rising costs are valid, but any changes to motor insurance premiums will depend on market dynamics.

"There is already a prescribed bandwidth of an increase or decrease of between 15 to 20 per cent, that is the maximum you can go or it could also go down as well, so whether the market overall is going to revise, it is up to market forces," he said in a recent interview with Malay Mail.

"Some (insurers) might increase and some might reduce, it is not for certai...