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Malaysia Insurance Report Q2 2016

Malaysia Insurance Report Q2 2016

BMI View: In both the non-life and the life segments, world class insurers are leveraging strengths such asbrand, access to capital, multi-channel distribution, ability to innovate and, in some cases, Takafulofferings. The single digit growth rates that we envisage for gross written premiums, both in 2016 andthrough the remainder of the forecast period, obscure the opportunities in a fairly dynamic insurancemarket.

Latest Updates And Forecasts

We look for growth in gross life insurance premiums to slow over the course of the forecast period fromnearly 5% in 2015 to just below 4% in 2020. Other metrics, such as the strong rises in new businesspremiums and value of new business (VONB) for many of the leading companies over the course of2015, provide a better indication of the opportunities. Life insurance is well established as a conduit fororganised savings among those households who understand it and value it: many of them are movingfrom contributing premiums to drawing down benefits. Nevertheless, the world class life insurers whodominate the segment are leveraging their various strengths to reach first time customers.


BMI Industry View
Table: Headline Insurance Forecasts (Malaysia 2013-2020)
SWOT
Insurance
Industry Forecast
Life Premiums Forecast
Table: Life Premiums (Malaysia 2013-2020)
Table: Life Insurance Claims (Malaysia 2008-2015)
Non-Life Premiums Forecast
Table: Non-Life Premiums (Malaysia 2013-2020)
Table: Non-Life Insurance Claims (Malaysia 2009-2014)
Non-Life Sub-Sector Forecast
Table: Non-Life Insurance Premiums by Product Line (Malaysia 2013-2020)
Industry Risk Reward Ratings
Asia Pacific Industry Risk/Reward Index
Table: Asia Pacific Insurance Risk/Reward Index Q216
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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