Malaysia Insurance Q1 2021
Key View:
Long established and favourable structural trends will continue to support the growth of life insurance premiumsthrough the 2021-2024 forecast period. The Covid-19 pandemic will contribute to a deceleration in premiums in 2020, but nothingmore. In the non-life segment, overall premiums should contract again in 2020 thanks to a fall in health and personal accidentinsurance premiums. Competitive pressures in the important motor and property sub-sectors will constrain the overall growth of thenon-life segment in 2021-2024.
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