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Malaysia Insurance Report Q2 2015

BMI Industry View
SWOT
Insurance
Political
Economic
Operational Risk
Industry Forecast
Total Premiums Forecast
Total Premiums
Table: Total Gross Premiums Written (Malaysia 2012-2019)
Claims
Table: Total Insurance Claims (Malaysia 2007-2013)
Total Assets
Table: Total Insurance Assets (Malaysia 2007-2013)
Life Premiums Forecast
Gross Premiums
Table: Gross Life Premiums Written (Malaysia 2012-2019)
Table: Insurance Key Drivers, Private Health Expenditure (Malaysia 2012-2019)
Table: Insurance Key Drivers, Disease Adjusted Life Years (Malaysia 2012-2019)
Life Claims
Table: Life Insurance Claims (Malaysia 2007-2013)
Life Assets
Table: Assets (Malaysia 2007-2014)
Non-Life Premiums Forecast
Gross Non-Life Premiums
Table: Gross Non-Life Premiums Written (Malaysia 2012-2019)
Table: Net Non-Life Premiums Written (Malaysia 2012-2019)
Reinsurance
Table: Reinsurance Non-Life Premiums Written (Malaysia 2012-2019)
Non-Life Claims
Table: Non-Life Insurance Claims (Malaysia 2007-2013)
Table: Non-Life Insurance Claims by Line (Malaysia 2008-2013)
Non-Life Assets
Table: Non-Life Insurers' Assets (Malaysia 2007-2014)
Non-Life Sub-Sector Forecast
Table: Non-Life % Breakdown (Malaysia 2012-2019)
Motor Vehicle and Transport Insurance
Table: Motor Vehicle Insurance (Malaysia 2012-2019)
Table: Insurance Key Drivers, Autos (Malaysia 2012-2019)
Table: Transport Insurance (Malaysia 2012-2019)
Table: Insurance Key Drivers, Freight Tonnage (Malaysia 2012-2019)
Property Insurance
Table: Property Insurance (Malaysia 2012-2019)
Health and Personal Accident Insurance
Table: Health and Personal Accident Insurance (Malaysia 2012-2019)
General Liability Insurance
Table: General Liability Insurance (Malaysia 2012-2019)
Industry Risk Reward Ratings
Asia Pacific Industry Risk/Reward Index Q2 2015
Table: Asia Pacific Insurance Risk/Reward Index - Q2 2015
Market Overview
Life Market Overview
Table: Life Insurance Market (USDmn) 2008-2012
Table: Life Insurance Market (%) 2008-2012
Non-Life Market Overview
Table: Non-Life Insurance Market (USDmn) 2008-2012
Table: Non-Life Insurance Market (%) 2008-2012
Company Profile
Allianz
Manulife Financial
Syarikat Takaful Malaysia Bhd
Demographic Forecast
Table: Population Headline Indicators (Malaysia 1990-2025)
Table: Key Population Ratios (Malaysia 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Malaysia 1990-2025)
Table: Population By Age Group (Malaysia 1990-2025)
Table: Population By Age Group % (Malaysia 1990-2025)
Methodology
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Indicators
Table: Weighting of Indicators

Malaysia Insurance Report Q2 2015

BMI View: Overall, by the end of the current forecast period in 2019, we expect to see healthy growth inMalaysia's insurance market, bolstered by domestic economic growth and improved awareness andunderstanding of insurance products in previously untapped markets. With penetration of non-life productsparticularly low, there is considerable scope for expansion of the market in Malaysia, and we expect to seeforeign firms increasingly taking note of this potential, perhaps leading to a period of market consolidationthrough acquisition of the smaller domestic firms by well-capitalised international groups.

The outlook for Malaysia's insurance market in 2015 is mixed. Currency fluctuations mean that at presentwe expect to see a slight contraction in gross insurance premiums of around 2% in US dollar terms, while inlocal currency terms the outlook is more positive with growth of 5.6% expected. As such premiums are setto reach MYR54.5bn (USD15.5bn) this year. This gives Malaysia an insurance penetration rate of 4.7%(premiums as a percentage of GDP); significantly lower than neighbouring Singapore which has a muchmore mature insurance market.


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