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Malaysia Insurance Report Q1 2016

Malaysia Insurance Report Q1 2016

BMI View: In spite of the maturity of some products in the life segment, the impact of price competition inthe motor vehicle sub-sector and the challenges posed by a sluggish economy, the prospects for Malaysia'sinsurance sector remain bright. In both segments, there is evidence of innovation, productive distributionpartnerships and growth through insurers reaching new users.

Latest Updates And Forecasts

We look for growth in gross life insurance premiums to slow over the course of the forecast period fromwell over 5% in 2015 to just above 4% in 2019. A better indication of the substantial opportunities is the8% or so rise in overall sum insured within the life segment, which accounts for about two thirds of allpremiums written in Malaysia. Life insurance is well established as a conduit for organised savingsamong those households who understand it and value it: many of them are moving from contributingpremiums to drawing down benefits. Nevertheless, the world class life insurers who dominate thesegment are leveraging their various strengths to reach first time customers. Most of the majors havereported strong growth in new business premiums, value of new business or some other metric throughH115, if not necessarily in gross premiums written.


BMI Industry View
Table: Headline Insurance Forecasts (Malaysia 2012-2019)
SWOT
Insurance
Industry Forecast
Life Premiums Forecast
Table: Life Premiums (Malaysia 2012-2019)
Table: Life Insurance Claims (Malaysia 2007-2014)
Non-Life Premiums Forecast
Table: Non-Life Premiums (Malaysia 2012-2019)
Table: Non-Life Insurance Claims (Malaysia 2008-2014)
Non-Life Sub-Sector Forecast
Table: Non-Life Insurance Premiums by Product Line (Malaysia 2012-2019)
Industry Risk Reward Ratings
Asia Pacific Industry Risk/Reward Index
Table: Asia Pacific Insurance Risk/Reward Index
Market Overview
Life Market Overview
The Product Offering
The Competitive Landscape
Table: Life Insurance Market (USDmn) 2008-2012
Table: Life Insurance Market (%) 2008-2012
Non-Life Market Overview
The Product Offering
The Competitive Landscape
Table: Non-Life Insurance Market (USDmn) 2008-2012
Table: Non-Life Insurance Market (%) 2008-2012
Company Profile
Allianz
Manulife Financial
Syarikat Takaful Malaysia Bhd
Methodology
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Indicators
Table: Weighting of Indicators

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