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Personal Accident and Health Insurance in Malaysia, Key Trends and Opportunities to 2020

Personal Accident and Health Insurance in Malaysia, Key Trends and Opportunities to 2020

Synopsis

Timetric’s 'Personal Accident and Health Insurance in Malaysia Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Malaysian personal accident and health insurance segment, including:

  • An overview of the Malaysian personal accident and health insurance segment
  • The Malaysian personal accident and health insurance segment’s growth prospects by category
  • A comprehensive overview of the Malaysian economy and demographics
  • A comparison of the Malaysian personal accident and health insurance segment with its regional counterparts
  • The various distribution channels in the Malaysian personal accident and health insurance segment
  • Details of the competitive landscape in the personal accident and health insurance segment in Malaysia
  • Details of regulatory policy applicable to the Malaysian insurance industry
Summary

Timetric’s 'Personal Accident and Health Insurance in Malaysia Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Malaysian personal accident and health insurance segment, and a comparison of the Malaysian insurance industry with its regional counterparts.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2011–2015) and forecast period (2015–2020).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Malaysian economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in Malaysia:
  • It provides historical values for the Malaysian personal accident and health insurance segment 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 categories in the Malaysian personal accident and health insurance segment, and market forecasts to 2020.
  • It provides a comparison of the Malaysian personal accident and health insurance segment with its regional counterparts
  • It provides an overview of the various distribution channels for personal accident and health insurance products in Malaysia.
  • It profiles the top personal accident and health insurance companies in Malaysia, and outlines the key regulations affecting them.
Reasons To Buy
  • Make strategic business decisions using in-depth historic and forecast market data related to the Malaysian personal accident and health insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Malaysian personal accident and health insurance segment.
  • Assess the competitive dynamics in the personal accident and health insurance segment.
  • Identify growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the Malaysian insurance industry, and their impact on companies and the industry's future.
Key Highlights
  • The personal accident and health segment accounted for 4.2% of the industry’s direct written premium in 2015.
  • Changing lifestyle patterns and the prevalence of diseases such as diabetes, respiratory disorders and other critical illnesses led to a rise in healthcare expenditure, which is generating a demand for health insurance.
  • The threat of cancer, diabetes and respiratory disorders has encouraged personal accident and health insurers to expand their product portfolios.
  • The Malaysian personal accident and health insurance segment is highly competitive, and contains both domestic and foreign insurers.


  • Key Facts and Highlights
    • Table Malaysian Personal Accident and Health Insurance - Key Facts, 2015
    • Table Malaysian Personal Accident and Health Insurance - Top Insurers, 2015
  • Executive Summary
  • Economy and Demographics
    • Table Malaysian Government Credit Ratings
  • Segment Outlook
    • Regional Comparison
    • Segment Indicators
      • Gross written premium and penetration
        • Table Malaysian Personal Accident and Health Insurance - Gross Written Premium (MYR Billion and US$ Million), 2011-2015
        • Table Malaysian Personal Accident and Health Insurance - Penetration (%), 2011-2015
        • Table Malaysian Personal Accident and Health Insurance - Gross Written Premium (MYR Billion and US$ Million), 2015-2020
        • Table Malaysian Personal Accident and Health Insurance - Penetration (%), 2015-2020
        • Table Malaysian Personal Accident and Health Insurance - Premium per Capita (MYR and US$), 2011-2015
        • Table Malaysian Personal Accident and Health Insurance - Premium per Capita (MYR and US$), 2015-2020
      • Claims
        • Table Malaysian Personal Accident and Health Insurance - Paid Claims (MYR Million and US$ Million), 2011-2015
        • Table Malaysian Personal Accident and Health Insurance - Paid Claims (MYR Million and US$ Million), 2015-2020
      • Profitability
        • Table Malaysian Personal Accident and Health Insurance - Profitability Ratio (%), 2011-2015
        • Table Malaysian Personal Accident and Health Insurance - Profitability Ratio (%), 2015-2020
      • Assets and investments
        • Table Malaysian Personal Accident and Health Insurance - Total Assets (MYR Billion and US$ Billion), 2011-2015
        • Table Malaysian Personal Accident and Health Insurance - Total Assets (MYR Billion and US$ Billion), 2015-2020
        • Table Malaysian Personal Accident and Health Insurance - Total Investment Income (MYR Million and US$ Million), 2011-2015
        • Table Malaysian Personal Accident and Health Insurance - Total Investment Income (MYR Million and US$ Million), 2015-2020
        • Table Malaysian Personal Accident and Health Insurance - Investment Portfolio (MYR Million), 2011-2015
        • Table Malaysian Personal Accident and Health Insurance - Investment Portfolio (MYR Million), 2015-2020
  • Outlook by Category
    • Table Malaysian Personal Accident and Health Insurance - Direct Written Premium by Category (MYR Billion), 2011-2015
    • Table Malaysian Personal Accident and Health Insurance - Direct Written Premium by Category (MYR Billion), 2015-2020
    • Personal Accident Insurance
      • Premium
        • Table Malaysian Personal Accident Insurance - Direct Written Premium (MYR Billion and US$ Million), 2011-2015
        • Table Malaysian Personal Accident Insurance - Direct Written Premium (MYR Billion and US$ Million), 2015-2020
      • Claims
        • Table Malaysian Personal Accident Insurance - Paid Claims (MYR Million and US$ Million), 2011-2015
        • Table Malaysian Personal Accident Insurance - Paid Claims (MYR Million and US$ Million), 2015-2020
      • Profitability
        • Table Malaysian Personal Accident Insurance - Loss Ratio (%), 2011-2015
        • Table Malaysian Personal Accident Insurance - Loss Ratio (%), 2015-2020
    • Health Insurance
      • Premium
        • Table Malaysian Health Insurance - Direct Written Premium by Sub-Category (MYR Million), 2011-2015
        • Table Malaysian Health Insurance - Direct Written Premium by Sub-Category (MYR Million), 2015-2020
      • Claims
        • Table Malaysian Health Insurance - Paid Claims (MYR Million and US$ Million), 2011-2015
        • Table Malaysian Health Insurance - Paid Claims (MYR Million and US$ Million), 2015-2020
      • Profitability
        • Table Malaysian Health Insurance - Loss Ratio (%), 2011-2015
        • Table Malaysian Health Insurance - Loss Ratio (%), 2015-2020
  • Distribution Channel Outlook
    • Analysis by Distribution Channel
  • Competitive Landscape
    • Table Malaysian Personal Accident and Health Insurance Industry - Top Insurers, 2015
    • Company Profiles
      • Allianz General Insurance Company (Malaysia) Berhad - company overview
        • Table Allianz General Insurance Company (Malaysia) Berhad - Key Facts
      • MSIG Insurance (Malaysia) Bhd - company overview
        • Table MSIG Insurance (Malaysia) Bhd - Key Facts
      • Etiqa Insurance Berhad - company overview
        • Table Etiqa Insurance Berhad - Key Facts
      • Lonpac Insurance Berhad - company overview
        • Table Lonpac Insurance Berhad - Key Facts
      • Axa Affin General Insurance Bhd - company overview
        • Table Axa Affin General Insurance Bhd - Key Facts
  • Governance, Risk and Compliance
    • Table Malaysia - Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulation
    • Legislation and Market Practice by Type of Insurance
      • Life insurance
        • Table Malaysia - Life Insurance Regulatory Framework
      • Property insurance
        • Table Malaysia - Property Insurance Regulatory Framework
        • Table Malaysia - Fire Insurance: Perils and Premium Rate
        • Table Malaysia - Premium Loading on Basic Rate
        • Table Malaysia - Short Period Insurance Premium Rates
      • Motor insurance
        • Table Malaysia - Motor Insurance Regulatory Framework
        • Table Malaysia - Motor Insurance Rating Tariff
      • Liability insurance
        • Table Malaysia - Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Motor third-party liability insurance
      • Travel insurance
      • Workmen's compensation insurance
      • Insurance against liability for oil pollution
      • Foreign workers' health insurance
      • Professional indemnity insurance
    • Supervision and Control
      • International Association of Insurance Supervisors
      • Central Bank of Malaysia or Bank Negara Malaysia
      • General Insurance Association of Malaysia
      • Life Insurance Association of Malaysia (LIAM)
    • Non-Admitted Insurance Regulation
      • Overview
      • Intermediaries
      • Market practices
      • Fines and penalties
    • Company Registration and Operations
      • Type of insurance organization
      • Establishing a local company
      • Foreign ownership
      • Types of license
      • Capital requirements
      • Solvency margins
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxation
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table Malaysia - Corporate Tax Rates for the Financial Year 2016
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution (ADR)
  • Databook
    • Policies and Premium
      • Table Malaysian Personal Accident and Health Insurance Industry - Policies and Premium, 2011-2015
      • Table Malaysian Personal Accident and Health Insurance Industry - Policies and Premium, 2015-2020
      • Claims and Expenses
        • Table Malaysian Personal Accident and Health Insurance - Claims and Expenses, 2011-2015
        • Table Malaysian Personal Accident and Health Insurance - Claims and Expenses, 2015-2020
      • Assets and Investments
        • Table Malaysian Personal Accident and Health Insurance - Assets and Investments, 2011-2015
        • Table Malaysian Personal Accident and Health Insurance - Assets and Investments, 2015-2020
      • Personal Accident Insurance
        • Table Malaysian Personal Accident and Health Insurance - Personal Accident Insurance, 2011-2015
        • Table Malaysian Personal Accident and Health Insurance - Personal Accident Insurance, 2015-2020
      • Health Insurance
        • Table Malaysian Personal Accident and Health Insurance - Health Insurance, 2011-2015
        • Table Malaysian Personal Accident and Health Insurance - Health Insurance, 2015-2020
      • Health Insurance by Product
        • Table Malaysian Personal Accident and Health Insurance - Health by Product, 2011-2015
        • Table Malaysian Personal Accident and Health Insurance - Health by Product, 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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