Perbadanan Insurans Deposit Malaysia

What Perbadanan Insurans Deposit Malaysia does

Perbadanan Insurans Deposit Malaysia (PIDM) is a Malaysian government statutory body established in 2005 under the PIDM Act 2011, operating as the country's integrated financial consumer protection and resolution authority. PIDM administers two core protection systems: the Deposit Insurance System (DIS), which protects depositors against loss of insured deposits placed with member commercial and Islamic banks, and the Takaful and Insurance Benefits Protection System (TIPS), introduced in 2010 to protect takaful certificate owners and insurance policy owners against loss in the event of an insurer member failure. Beyond consumer protection, PIDM functions as a resolution authority with a comprehensive resolution planning framework for orderly intervention and resolution of distressed member institutions, including crisis management arrangements with domestic and international financial safety net partners.

PIDM's technology stack includes cloud-based solutions, Platform-as-a-Service (PaaS) infrastructure for risk assessment and resolution-related systems, and a data governance and management framework, all supported by ISO/IEC 27001:2022 certification for information security management. The organization operates digital platforms including the PIDM Industry Portal, EZAccess website, and e-Box for member institution compliance and submissions, alongside public-facing financial literacy initiatives under the Sedia Payung Kewangan (SPK) campaign featuring the Chief BerUang sun bear mascot.

PIDM is funded through premiums collected from member deposit-taking institutions and levies from insurer members, calculated on Total Insured Deposits multiplied by prescribed premium rates rather than direct consumer fees. As a government-owned statutory entity, it is not venture-backed or publicly traded, serves all Malaysian banks and insurers as mandatory members, and maintains 75% public awareness and 56% advocacy levels. PIDM holds the IADI Vice-Chairperson position for the Asia-Pacific Regional Committee and operates from consolidated headquarters at Bangunan AICB in Kuala Lumpur.

Name

Perbadanan Insurans Deposit Malaysia

Legal name

Perbadanan Insurans Deposit Malaysia

Website

https://pidm.gov.my

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

101–250 employees

Short description

Perbadanan Insurans Deposit Malaysia (PIDM) is a Malaysian government statutory body administering the Deposit Insurance System and Takaful and Insurance Benefits Protection System to protect depositors and policy owners against member institution failure.

Ownership category

akta.pro rank

Headquarters

HQ city

Kuala Lumpur

HQ country

Malaysia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Distribution channels3 records

Marketing channels6 records

Core offering

No factual source content was provided in the input to describe the company's core offerings.

Product overview

Perbadanan Insurans Deposit Malaysia (PIDM) operates as a government authority providing financial safety net services rather than a commercial product company. The core offerings consist of two integrated protection systems: the Deposit Insurance System (DIS) protecting depositor deposits, and the Takaful and Insurance Benefits Protection System (TIPS) safeguarding takaful and insurance policy owners. These core products are supported by Resolution Planning Services enabling effective intervention and resolution of member institution failures. PIDM also operates digital platforms including the Industry Portal, EZAccess Website, and e-Box for member institution access and submissions. Public-facing initiatives include the Sedia Payung Kewangan financial literacy campaign with Chief BerUang educational videos, Jelajah SPK community outreach, and the #SediaPayungKewanganJourney personal story series, along with an Undergraduate Scholarship Programme for talent development.

Differentiator

Problem solved

Functional benefit

Brands

• Sedia Payung Kewangan (SPK): National financial literacy campaign by PIDM as member of Financial Education Network (FEN), aimed at helping financial consumers make smarter money decisions.
• Chief BerUang

Quantifiable outcome

• 75% public awareness level maintained
• +2 more outcomes

Segments4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Financial Education Network (FEN)coreStrategic or Co-development Partner · 1 January 2024PIDM is a member of the Financial Education Network (FEN), collaborating on national financial literacy initiatives. In 2024, expanded outreach programme to Sarawak with several FEN partners, including engagements with community and governmental agencies and financial literacy challenges for students of higher learning institutions across East Malaysia.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Federal Deposit Insurance Corporation (FDIC): The US deposit insurance and bank resolution authority. FDIC is the most established global benchmark for deposit insurance corporation operations, and is directly comparable to PIDM in its mandate to insure deposits and resolve failing member institutions.
• Bank Negara Malaysia (BNM): Malaysia's central bank and primary financial regulator. BNM is PIDM's closest domestic counterpart and a key financial safety-net partner, sharing regulatory and resolution responsibilities for Malaysian member institutions.
• People's Bank of China - Deposit Insurance Fund Management Department: China's deposit insurance fund administrator operates within the People's Bank of China. As the largest Asian deposit insurance scheme by member institution count, it is a broad incumbent peer to PIDM's DIS operations.

Direct peers

• Deposit Insurance Corporation of Japan (DICJ): Japan's deposit insurance and resolution authority. DICJ operates a statutorily mandated deposit insurance system covering banks and other financial institutions, directly mirroring PIDM's DIS and resolution mandate.
• Korea Deposit Insurance Corporation (KDIC): Korea's deposit insurance and financial resolution authority. KDIC operates deposit insurance plus expanded resolution and financial restructuring functions, very closely aligned with PIDM's integrated DIS and resolution planning role.
• Singapore Deposit Insurance Corporation (SDIC): Singapore's deposit insurance scheme administrator. SDIC is a regional peer operating a statutory deposit insurance framework within the ASEAN bloc, with similar consumer-protection objectives to PIDM.
• Deposit Insurance and Credit Guarantee Corporation (DICGC): India's deposit insurance and credit guarantee corporation, a subsidiary of the Reserve Bank of India. DICGC insures bank deposits and is structurally analogous to PIDM's DIS function within a large Asian banking system.
• Thailand Deposit Protection Agency (DPA): Thailand's deposit protection agency, administering deposit insurance under the Deposit Protection Agency Act. DPA is a fellow ASEAN peer operating a directly comparable statutory deposit insurance framework.

Regional players

• Deposit Protection Agency (Hong Kong): Hong Kong's statutory deposit protection scheme administrator. DPA operates a Deposit Protection Scheme comparable to PIDM's DIS, and is a regional counterpart within the broader Asian financial safety-net community.

Others

• International Association of Deposit Insurers (IADI): The international standards-setting body for deposit insurance systems. IADI is the parent forum for PIDM's Vice-Chair role on the Asia-Pacific Regional Committee and provides the policy framework within which PIDM operates.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/embed/K0eSnKiArII
• Xx.com/pidmsia

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Perbadanan Insurans Deposit Malaysia