BMI View: This quarter, we have taken a more positive view of the prospects of both of the major segments
of Malaysia's insurance sector. We remain confident that a combination of factors and, not least, the
innovation on the part of the leading companies will underpin steady growth in premiums through the
forecast period. In the non-life segment, volumes and/or prices should increase in most sub-sectors. This is
true in the important motor vehicle insurance sub-sector, where the market was liberalised in mid-2017.