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Life Insurance & Pension in Malaysia

Publisher MarketLine
Published Dec 31, 2025
Length 41 Pages
SKU # MTLN20937243

Description

Life Insurance & Pension in Malaysia

Summary

Life Insurance & Pension in Malaysia industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
  • Life insurance is the financial cover for a contingency linked with human life, like death, disability, accident, retirement, etc. Human life is subject to risks of death and disability due to natural and accidental causes. When human life is lost or a person is disabled permanently or temporarily, there is a loss of income to the household.
  • The Malaysian life insurance & pension market recorded gross written premiums of $17.2 billion in 2024, representing a compound annual growth rate (CAGR) of 6.4% between 2019 and 2024.
  • The life insurance segment accounted for the market's largest proportion in 2024, with total gross written premiums of $16.0 billion, equivalent to 93.1% of the market's overall value.
  • In 2024, Malaysia accounted for 1.5% share of the Asia-Pacific life insurance & pension market.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the life insurance & pension market in Malaysia
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance & pension market in Malaysia
  • Leading company profiles reveal details of key life insurance & pension market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Malaysia life insurance & pension market with five year forecasts
Reasons to Buy
  • What was the size of the Malaysia life insurance & pension market by value in 2024?
  • What will be the size of the Malaysia life insurance & pension market in 2029?
  • What factors are affecting the strength of competition in the Malaysia life insurance & pension market?
  • How has the market performed over the last five years?
  • What are the main segments that make up Malaysia's life insurance & pension market?

Table of Contents

41 Pages
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players?
7.3. What are the strengths and strategies of the leading players?
7.4. What are the recent developments in the market?
8 Company Profiles
8.1. Allianz Life Insurance Malaysia Bhd
8.2. Prudential Assurance Malaysia Berhad
8.3. AIA Group Ltd
8.4. Great Eastern Life Assurance (Malaysia) Berhad
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: Malaysia life insurance & pension market value: $ billion, 2019-24
Table 2: Malaysia life insurance & pension market category segmentation: % share, by value, 2019-24
Table 3: Malaysia life insurance & pension market category segmentation: $ billion, 2019-24
Table 4: Malaysia life insurance & pension market geography segmentation: $ billion, 2024
Table 5: Malaysia life insurance & pension market value forecast: $ billion, 2024-29
Table 6: Malaysia life insurance & pension market share: % share, by value, 2024
Table 7: Allianz Life Insurance Malaysia Bhd: Key Facts
Table 8: Allianz Life Insurance Malaysia Bhd: Key Employees
Table 9: Prudential Assurance Malaysia Berhad: Key Facts
Table 10: Prudential Assurance Malaysia Berhad: Key Employees
Table 11: AIA Group Ltd: Key Facts
Table 12: AIA Group Ltd: Annual Financial Ratios
Table 13: AIA Group Ltd: Key Employees
Table 14: AIA Group Ltd: Key Employees Continued
Table 15: Great Eastern Life Assurance (Malaysia) Berhad: Key Facts
Table 16: Great Eastern Life Assurance (Malaysia) Berhad: Key Employees
Table 17: Malaysia Size of Population (Million), 2020-24
Table 18: Malaysia Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 19: Malaysia GDP (Current Prices, $ Billion), 2020-24
Table 20: Malaysia Inflation, 2020-24
Table 21: Malaysia Consumer Price Index (Absolute), 2020-24
Table 22: Malaysia Exchange Rate, 2019-24
List of Figures
Figure 1: Malaysia life insurance & pension market value: $ billion, 2019-24
Figure 2: Malaysia life insurance & pension market category segmentation: $ billion, 2019-24
Figure 3: Malaysia life insurance & pension market geography segmentation: % share, by value, 2024
Figure 4: Malaysia life insurance & pension market value forecast: $ billion, 2024-29
Figure 5: Forces driving competition in the life insurance & pension market in Malaysia, 2024
Figure 6: Drivers of buyer power in the life insurance & pension market in Malaysia, 2024
Figure 7: Drivers of supplier power in the life insurance & pension market in Malaysia, 2024
Figure 8: Factors influencing the likelihood of new entrants in the life insurance & pension market in Malaysia, 2024
Figure 9: Factors influencing the threat of substitutes in the life insurance & pension market in Malaysia, 2024
Figure 10: Drivers of degree of rivalry in the life insurance & pension market in Malaysia, 2024
Figure 11: Malaysia life insurance & pension market share: % share, by value, 2024

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