Perbadanan Insurans Deposit Malaysia (PIDM) has released its Annual Report 2024 (AR2024), providing a clear and complete snapshot of PIDM’s performance, strategy and financial outcomes over the past year. The AR2024 marked a key milestone in PIDM’s journey towards a more transparent, integrated and reader-friendly reporting.
Prepared in accordance with the guiding principles and content elements of the International Integrated Reporting Framework <IR>, the AR2024 articulates how PIDM creates value over time and across financial, social, environmental and governance aspects, and communicates key financial and non-financial performance data and information. The report’s structure, flow and content have been improved to enhance the reading experience and for better clarity. It presents a more cohesive narrative that connects PIDM’s strategy, performance and outcomes seamlessly, showcasing how the Corporation’s decisions shape its long-term strategic direction and priorities.
The AR2024 feature article “Responding to Heart-Stopping Challenges: Why Readiness Matters” highlights PIDM's role in safeguarding financial system stability, with emphasis on how readiness, established protocols, and coordinated action among stakeholders are crucial to protecting lives and livelihoods during crises. Other box articles in the report explore Shariah considerations in the resolution of Islamic member institutions and PIDM's source of funds.
In Part III: Our Plan and Performance section, PIDM’s progress against the Corporate Plan 2023 – 2025 presents a transparent account of its overall performance. Key highlights include PIDM’s efforts in enhancing readiness and stakeholder preparedness for effective resolution through its inaugural Muzakarah with the Shariah fraternity and the second National Resolution Symposium. PIDM also introduced the new Guidelines on the Differential Premium Systems (DPS) Framework for its member institutions.
In building public awareness, PIDM continued its targeted communication activities to further educate on its roles and functions, and financial literacy. The Corporation collaborated with Financial Education Network (FEN) partners and expanded its outreach programme through engagements with the community and governmental agencies in Sarawak. One key initiative was a financial literacy challenge for students of higher learning institutions across East Malaysia to help equip them with essential financial knowledge and skills.
Internally, PIDM fostered a future-ready culture through digital, sustainable practices and modernised operations. It achieved the ISO/IEC 27001:2022 certification and received recognition from CyberSecurity Malaysia for compliance with the Information Security Management System (ISMS) standards. The Corporation also strengthened its cloud-based modernisation efforts and relocated its Disaster Recovery Centre from on-premises to a co-location facility, in line with its cloud adoption strategy.
The initiatives and achievements in the AR2024 highlight PIDM’s continued commitment to protecting financial consumers and promoting financial system stability. As PIDM enters its 20th year in 2025, the Corporation looks forward to strengthening Malaysia’s financial safety net through enhanced readiness, sound protection systems and robust internal capabilities.
PIDM’s Annual Report 2024 is available at www.pidm.gov.my/AR2024