Inception
During the Dialogue session between Polis Diraja Malaysia (PDRM), Bank Negara Malaysia(BNM) and members of PersatuanInsurans Am Malaysia (PIAM) in 2004, the idea of forming the Vehicle Theft Reduction Council of Malaysia Berhad (VTREC) had been mooted. After a significant success in reducing vehicle theft, in April 2025, VTREC was entrusted to assist in reducing road traffic accidents, VTAREC changed its name to Vehicle Theft and Accident Reduction Council of Malaysia Berhad (VTAREC).
- Formation of VTREC
- Sharing of information between stakeholders
- Adoption of the revised Motor Insurance Tariff
- Automation of detection at exit points
VTREC was incorporated as a Company limited by guarantee on 30th April 2007.
Role
- Study weaknesses in the automobile industries
- Facilitate cooperation and implement recommendations between stakeholders
- Develop/advocate proposals for change across government and non-government sectors
- Prepare and implement actions plans and recommendations of the Council
- Coordinate public education campaigns, theft prevention research
- Monitor theft reduction and provide reports to relevant authorities
- As a Forum to recommend suggestion to the relevant ministries resolution achieved by the council to overcome weakness in the automobile industries
