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Market Attractiveness and Future Prospects of the Malaysian Takaful Insurance Industry

Market Attractiveness and Future Prospects of the Malaysian Takaful Insurance Industry

Synopsis

Timetric’s 'Market Attractiveness and Future Prospects of the Malaysian Takaful Insurance Industry' report provides detailed analysis of the trends in the Malaysian takaful insurance industry.

It provides values for key performance indicators such as gross written premium, direct written premium, earned premium, claims, incurred loss, loss ratio, combined ratio, commissions and expenses, assets and investments during the review period (2011–2015) and forecast period (2015–2020).

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages.

Summary

Timetric’s 'Market Attractiveness and Future Prospects of the Malaysian Takaful Insurance Industry' report provides in-depth industry analysis, information and insights into the takaful insurance industry in Malaysia, including:

  • The Malaysian takaful insurance industry’s growth prospects by insurance segment and category
  • The current trends in the Malaysian takaful insurance industry
Scope

This report provides a comprehensive analysis of the takaful insurance industry in Malaysia:
  • It provides historical values for the Malaysian takaful insurance industry for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period.
  • It offers a detailed analysis of the key segments and categories in the Malaysian takaful insurance industry, with forecasts to 2020.
  • It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets and total investment income.
Reasons To Buy
  • Make strategic decisions using in-depth historic and forecast industry data related to the Malaysian takaful insurance industry and each segment within it.
  • Understand the demand-side dynamics, key trends and growth opportunities in the Malaysian takaful insurance industry.
  • Identify the growth opportunities and market dynamics in key segments.
Key Highlights
  • In 2015, the risk-based capital framework for takaful insurers received support through the introduction of an Internal Capital Adequacy Assessment Process (ICAAP) by Bank Negara Malaysia (BNM). It will review the capital adequacy of takaful insurers on an ongoing basis.
  • In January 2014, BNM enacted a risk-based capital framework for takaful operators for the maintenance of capital adequacy levels based on the size of the insurer and risks undertaken.
  • Agents are the main distribution channel for takaful products as they directly communicate with end consumers.
  • The retakaful insurance segment is competitive, with the presence of foreign and domestic reinsurers.


  • Key Facts and Highlights
    • Table Malaysian Takaful Insurance Industry – Key Facts, 2015
    • Table Malaysian Takaful Insurance Industry – Top Insurers, 2015
  • Analysis of Malaysian Takaful Market Dynamics
  • Takaful Life Insurance Segment Trends
    • Policies and Premiums
      • Gross written premium
        • Table Malaysian Takaful Life Insurance – Gross Written Premium (MYR Billion), 2011–2015
        • Table Malaysian Takaful Life Insurance – Gross Written Premium (MYR Billion), 2015–2020
      • Premiums per capita
        • Table Malaysian Takaful Life Insurance – Premiums per Capita (MYR Billion), 2011–2015
        • Table Malaysian Takaful Life Insurance – Premiums per Capita (MYR Billion), 2015–2020
      • Penetration
        • Table Malaysian Takaful Life Insurance – Penetration (%), 2011–2015
        • Table Malaysian Takaful Life Insurance – Penetration (%), 2015–2020
      • Number of active policies
        • Table Malaysian Takaful Life Insurance – Number of Active Policies (Million), 2011–2015
        • Table Malaysian Takaful Life Insurance – Number of Active Policies (Million), 2015–2020
    • Claims and Expenses
      • Claims
        • Table Malaysian Takaful Life Insurance – Paid Claims, 2011–2015
        • Table Malaysian Takaful Life Insurance – Paid Claims, 2015–2020
      • Loss ratio
        • Table Malaysian Takaful Life Insurance – Loss Ratio (%), 2011–2015
        • Table Malaysian Takaful Life Insurance – Loss Ratio (%), 2015–2020
      • Commissions and expenses
        • Table Malaysian Takaful Life Insurance – Commissions and Expenses (MYR Billion and US$ Million), 2011–2015
        • Table Malaysian Takaful Life Insurance – Commissions and Expenses (MYR Billion and US$ Million), 2015–2020
    • Assets and Investments
      • Total assets
        • Table Malaysian Takaful Life Insurance – Total Assets (MYR Billion and US$ Billion), 2011–2015
        • Table Malaysian Takaful Life Insurance – Total Assets (MYR Billion and US$ Billion), 2015–2020
      • Total investment income
        • Table Malaysian Takaful Life Insurance – Total Investment Income (MYR Million and US$ Million), 2011–2015
        • Table Malaysian Takaful Life Insurance – Total Investment Income (MYR Million and US$ Million), 2015–2020
      • Investments
        • Table Malaysian Takaful Life Insurance – Investment Portfolio (MYR Billion), 2011–2015
        • Table Malaysian Takaful Life Insurance – Investment Portfolio (MYR Billion), 2015–2020
  • Takaful Life Insurance Sub-Segments
    • Table Malaysian Takaful Life Insurance – Direct Written Premium by Sub-Segment (MYR Billion),2011–2015
    • Table Malaysian Takaful Life Insurance – Direct Written Premium by Category (MYR Billion), 2015–2020
    • Takaful Individual Life Insurance
      • Direct written premium
        • Table Malaysian Takaful Individual Life Insurance – Direct Written Premium by Category (MYR Billion), 2011–2015
        • Table Malaysian Takaful Individual Life Insurance – Direct Written Premium by Category (MYR Billion), 2015–2020
      • Number of active policies
        • Table Malaysian Takaful Individual Life Insurance – Number of Active Policies (Million), 2011–2015
        • Table Malaysian Takaful Individual Life Insurance – Number of Active Policies (Million), 2015–2020
      • Penetration
    • Takaful Group Life Insurance
      • Direct written premium
        • Table Malaysian Takaful Group Life Insurance – Direct Written Premium by Category (MYR Billion), 2011–2015
        • Table Malaysian Takaful Group Life Insurance – Direct Written Premium by Category (MYR Billion), 2015–2020
      • Number of active policies
        • Table Malaysian Takaful Group Life Insurance – Number of Active Policies (Thousand), 2011–2015
        • Table Malaysian Takaful Group Life Insurance – Number of Active Policies (Thousand), 2015–2020
      • Penetration
  • Takaful Non-Life Insurance Segment Trends
    • Policies and Premiums
      • Gross written premium
        • Table Malaysian Takaful Non-Life Insurance – Gross Written Premium (MYR Billion and US$ Million), 2011–2015
        • Table Malaysian Takaful Non-Life Insurance – Gross Written Premium (MYR Billion and US$ Million), 2015–2020
      • Premiums per capita
        • Table Malaysian Takaful Non-Life Insurance – Premiums per Capita (MYR), 2011–2015
        • Table Malaysian Takaful Non-Life Insurance – Premiums per Capita (MYR), 2015–2020
      • Penetration
        • Table Malaysian Takaful Non-Life Insurance – Penetration (%), 2011–2015
        • Table Malaysian Takaful Non-Life Insurance – Penetration (%), 2015–2020
    • Claims and Expenses
      • Paid claims
        • Table Malaysian Takaful Non-Life Insurance – Paid Claims, 2011–2015
        • Table Malaysian Takaful Non-Life Insurance – Paid Claims, 2015–2020
      • Loss ratio
        • Table Malaysian Takaful Non-Life Insurance – Loss Ratio (%), 2011–2015
        • Table Malaysian Takaful Non-Life Insurance – Loss Ratio (%), 2015–2020
      • Commissions and expenses
        • Table Malaysian Takaful Non-Life Insurance – Commissions and Expenses (MYR Million), 2011–2015
        • Table Malaysian Takaful Non-Life Insurance – Commissions and Expenses (MYR Million), 2015–2020
    • Assets and Investments
      • Total assets
        • Table Malaysian Takaful Non-Life Insurance – Total Assets (MYR Billion and US$ Million), 2011–2015
        • Table Malaysian Takaful Non-Life Insurance – Total Assets (MYR Billion and US$ Billion), 2015–2020
      • Total investment income
        • Table Malaysian Takaful Non-Life Insurance – Total Investment Income (MYR Million and US$ Million), 2011–2015
        • Table Malaysian Takaful Non-Life Insurance – Total Investment Income (MYR Million and US$ Million), 2015–2020
      • Investments
        • Table Malaysian Takaful Non-Life Insurance – Investment Portfolio (MYR Million), 2011–2015
        • Table Malaysian Takaful Non-Life Insurance – Investment Portfolio (MYR Million), 2015–2020
  • Takaful Non-Life Insurance Categories
    • Table Malaysian Takaful Non-Life Insurance – Gross Written Premium by Category (MYR Million), 2011–2015
    • Table Malaysian Takaful Non-Life Insurance – Direct Written Premium by Category (MYR Million), 2011–2015
    • Takaful Property Insurance
      • Direct written premium
        • Table Malaysian Takaful Property Insurance – Direct Written Premium by Sub-Category (MYR Million), 2011–2015
        • Table Malaysian Takaful Property Insurance – Direct Written Premium by Sub-Category (MYR Million), 2015–2020
      • Penetration
      • Claims
        • Table Malaysian Takaful Property Insurance – Paid Claims (MYR Million and US$ Million),2011–2015
        • Table Malaysian Takaful Property Insurance – Paid Claims (MYR Million and US$ Million), 2015–2020
      • Profitability
        • Table Malaysian Takaful Property Insurance – Loss Ratio (%),2011–2015
        • Table Malaysian Takaful Property Insurance – Loss Ratio(%), 2015–2020
    • Takaful Motor Insurance
      • Direct written premium
        • Table Malaysian Takaful Motor Insurance – Direct Written Premium by Sub-Category (MYR Billion), 2011–2015
        • Table Malaysian Takaful Motor Insurance – Direct Written Premium by Sub-Category (MYR Billion), 2015–2020
      • Penetration
      • Claims
        • Table Malaysian Takaful Motor Insurance – Paid Claims (MYR Million and US$ Million),2011–2015
        • Table Malaysian Takaful Motor Insurance – Paid Claims (MYR Million and US$ Million), 2015–2020
      • Profitability
        • Table Malaysian Takaful Motor Insurance – Loss Ratio (%),2011–2015
        • Table Malaysian Takaful Motor Insurance – Loss Ratio(%), 2015–2020
    • Takaful Liability Insurance
      • Direct written premium
        • Table Malaysian Takaful Liability Insurance – Direct Written Premium (MYR Million and US$ Million), 2011–2015
        • Table Malaysian Takaful Liability Insurance – Direct Written Premium (MYR Million and US$ Million), 2015–2020
      • Penetration
      • Claims
        • Table Malaysian Takaful Liability Insurance – Paid Claims (MYR Million and US$ Million), 2011–2015
        • Table Malaysian Takaful Liability Insurance – Paid Claims (MYR Million and US$ Million), 2015–2020
      • Profitability
        • Table Malaysian Takaful Liability Insurance – Loss Ratio (%), 2011–2015
        • Table Malaysian Takaful Liability Insurance – Loss Ratio(%), 2015–2020
    • Takaful Marine, Aviation and Transit Insurance
      • Direct written premium
        • Table Malaysian Takaful Marine, Aviation and Transit Insurance – Direct Written Premium (MYR Million and US$ Million), 2011–2015
        • Table Malaysian Takaful Marine, Aviation and Transit Insurance – Direct Written Premium (MYR Million and US$ Million), 2015–2020
      • Penetration
      • Claims
        • Table Malaysian Takaful Marine, Aviation and Transit Insurance – Paid Claims (MYR Million and US$ Million),2011–2015
        • Table Malaysian Takaful Marine, Aviation and Transit Insurance – Paid Claims (MYR Million and US$ Million), 2015–2020
      • Profitability
        • Table Malaysian Takaful Marine, Aviation and Transit Insurance – Loss Ratio (%),2011–2015
        • Table Malaysian Takaful Marine, Aviation and Transit Insurance – Loss Ratio(%), 2015–2020
  • Takaful Personal Accident and Health Segment Trends
    • Policies and Premiums
      • Gross written premium
        • Table Malaysian Takaful Personal Accident and Health Insurance – Gross Written Premium (MYR Million and US$ Million), 2011–2015
        • Table Malaysian Takaful Personal Accident and Health Insurance – Gross Written Premium (MYR Billion and US$ Million), 2015–2020
      • Premiums per capita
        • Table Malaysian Takaful Personal Accident and Health Insurance – Premiums per Capita (MYR), 2011–2015
        • Table Malaysian Takaful Personal Accident and Health Insurance – Premiums per Capita (MYR), 2015–2020
      • Penetration
        • Table Malaysian Takaful Personal Accident and Health Insurance – Penetration (%), 2011–2015
        • Table Malaysian Takaful Personal Accident and Health Insurance – Penetration (%), 2015–2020
    • Claims and Expenses
      • Paid claims
        • Table Malaysian Takaful Personal Accident and Health Insurance – Paid Claims, 2011–2015
        • Table Malaysian Takaful Personal Accident and Health Insurance – Paid Claims, 2015–2020
      • Loss ratio
        • Table Malaysian Takaful Personal Accident and Health Insurance – Loss Ratio (%), 2011–2015
        • Table Malaysian Takaful Personal Accident and Health Insurance – Loss Ratio (%), 2015–2020
      • Commissions and expenses
        • Table Malaysian Takaful Personal Accident and Health Insurance – Commissions and Expenses (MYR Million), 2011–2015
        • Table Malaysian Takaful Personal Accident and Health Insurance – Commissions and Expenses (MYR Million), 2015–2020
    • Assets and Investments
      • Total assets
        • Table Malaysian Takaful Personal Accident and Health Insurance – Total Assets (MYR Billion and US$ Million), 2011–2015
        • Table Malaysian Takaful Personal Accident and Health Insurance – Total Assets (MYR Billion and US$ Million), 2015–2020
      • Total investment income
        • Table Malaysian Takaful Personal Accident and Health Insurance – Total Investment Income (MYR Million and US$ Million), 2011–2015
        • Table Malaysian Takaful Personal Accident and Health Insurance – Total Investment Income (MYR Million and US$ Million), 2015–2020
      • Investments
        • Table Malaysian Takaful Personal Accident and Health Insurance – Investment Portfolio (MYR Billion), 2011–2015
        • Table Malaysian Takaful Personal Accident and Health Insurance – Investment Portfolio (MYR Billion), 2015–2020
  • Takaful Reinsurance
    • Premium Ceded
      • Table Malaysian Takaful Reinsurance – Premium Ceded by Insurance Segment (MYR Million), 2011–2015
      • Table Malaysian Takaful Reinsurance – Premium Ceded by Insurance Segment (MYR Million), 2015–2020
  • Databook
    • Takaful Life Insurance
      • Policies and premium
        • Table Malaysian Takaful Life Insurance – Policies and Premium, 2011–2015
        • Table Malaysian Takaful Life Insurance – Policies and Premium, 2015–2020
      • Claims and expenses
        • Table Malaysian Takaful Life Insurance – Claims and Expenses, 2011–2015
        • Table Malaysian Takaful Life Insurance – Claims and Expenses, 2015–2020
      • Assets and investments
        • Table Malaysian Takaful Life Insurance – Assets and Investments, 2011–2015
        • Table Malaysian Life Insurance – Assets and Investments, 2015–2020
      • Individual life insurance
        • Table Malaysian Takaful Life Insurance – Individual Life Insurance, 2011–2015
        • Table Malaysian Takaful Life Insurance – Individual Life Insurance, 2015–2020
      • Individual life insurance by product
        • Table Malaysian Takaful Life Insurance – Individual Life Insurance by Product, 2011–2015
        • Table Malaysian Takaful Life Insurance – Individual Life Insurance by Product, 2015–2020
      • Group life insurance
        • Table Malaysian Takaful Life Insurance – Group Life Insurance, 2011–2015
        • Table Malaysian Takaful Life Insurance – Group Life Insurance, 2015–2020
      • Group life insurance by product
        • Table Malaysian Takaful Life Insurance – Group Life Insurance by Product, 2011–2015
        • Table Malaysian Takaful Life Insurance – Group Life Insurance by Product, 2015–2020
      • Individual life – Single vs non-single premium
        • Table Malaysian Takaful Life Insurance – Individual Life Insurance by Premium, 2011–2015
        • Table Malaysian Takaful Life Insurance – Individual Life Insurance by Premium, 2015–2020
      • Group life – Single vs non-single premium
        • Table Malaysian Takaful Life Insurance – Group Life Insurance by Premium, 2011–2015
        • Table Malaysian Takaful Life Insurance – Group Life Insurance by Premium, 2015–2020
    • Takaful Non-Life Insurance
      • Policies and premium
        • Table Malaysian Takaful Non-Life Insurance – Policies and Premium, 2011–2015
        • Table Malaysian Takaful Non-Life Insurance – Policies and Premium, 2015–2020
      • Claims and expenses
        • Table Malaysian Takaful Non-Life Insurance – Claims and Expenses, 2011–2015
        • Table Malaysian Takaful Non-Life Insurance – Claims and Expenses, 2015–2020
      • Assets and investments
        • Table Malaysian Takaful Non-Life Insurance – Assets and Investments, 2011–2015
        • Table Malaysian Takaful Non-Life Insurance – Assets and Investments, 2015–2020
      • Property insurance
        • Table Malaysian Takaful Non-Life Insurance – Property Insurance, 2011–2015
        • Table Malaysian Takaful Non-Life Insurance – Property Insurance, 2015–2020
      • Property insurance by product
        • Table Malaysian Takaful Non-Life Insurance – Property Insurance by Product, 2011–2015
        • Table Malaysian Takaful Non-Life Insurance – Property Insurance by Product, 2015–2020
      • Motor insurance
        • Table Malaysian Takaful Non-Life Insurance – Motor Insurance, 2011–2015
        • Table Malaysian Takaful Non-Life Insurance – Motor Insurance, 2015–2020
      • Motor insurance by product
        • Table Malaysian Takaful Non-Life Insurance – Motor Insurance by Product, 2011–2015
        • Table Malaysian Takaful Non-Life Insurance – Motor Insurance by Product, 2015–2020
      • Liability insurance
        • Table Malaysian Takaful Non-Life Insurance – Liability Insurance, 2011–2015
        • Table Malaysian Takaful Non-Life Insurance – Liability Insurance, 2015–2020
      • Marine, aviation and transit insurance
        • Table Malaysian Takaful Non-Life Insurance – Marine, Aviation and Transit Insurance, 2011–2015
        • Table Malaysian Takaful Non-Life Insurance – Marine, Aviation and Transit Insurance, 2015–2020
    • Takaful Personal Accident and Health Insurance
      • Policies and premium
        • Table Malaysian Takaful Personal Accident and Health Insurance – Policies and Premium, 2011–2015
        • Table Malaysian Takaful Personal Accident and Health Insurance – Policies and Premium, 2015–2020
      • Claims and expenses
        • Table Malaysian Takaful Personal Accident and Health Insurance – Claims and Expenses, 2011–2015
        • Table Malaysian Takaful Personal Accident and Health Insurance – Claims and Expenses, 2015–2020
      • Assets and investments
        • Table Malaysian Takaful Personal Accident and Health Insurance – Assets and Investments, 2011–2015
        • Table Malaysian Takaful Personal Accident and Health Insurance – Assets and Investments, 2015–2020
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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