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Malaysia Insurance Report Q3 2016

  • June 2016
  • -
  • Business Monitor International
  • -
  • 50 pages

Includes 3 FREE quarterly updates

BMI View: Although premiums in both the non-life and life segments of Malaysia's insurance sector areincreasing at single-digit rates, there remain good prospects for profitable growth by the leading insurers.Most of the major insurers have strengths that they are able to leverage such as ability to innovate, multichanneldistribution, access to global capital markets and well-established brands. Many are providingtakaful solutions.

Latest Updates And Forecasts

- In Q316, we are not making changes to our forecasts for Malaysia's life insurance segment. We continueto expect growth in gross life insurance premiums to slow over the course of the forecast period from justover 5% in 2015, to just below 4% in 2020. Other metrics, such as the strong rises in new businesspremiums and value of new business for many of the leading companies over the course of 2015, providea better indication of the opportunities. Life insurance is well established as a conduit for organisedsavings among those households who understand it and value it: many of them are moving fromcontributing premiums to drawing down benefits. Nevertheless, the world class life insurers whodominate the segment are leveraging their various strengths to reach first time customers.

- Even by the standards of South East and East Asia, Malaysia remains one of the most dynamic lifeinsurance markets globally. Unsurprisingly, the majors all see the country as a key part of their global/regional footprint. Family Takaful remains a relatively fast growing part of the market.

Table Of Contents

Malaysia Insurance Report Q3 2016
BMI Industry View 5
Table: Headline Insurance Forecasts (Malaysia 2013-2020) 5
SWOT 7
Insurance 7
Industry Forecast 8
Life Premiums Forecast 8
Table: Life Premiums (Malaysia 2013-2020) 11
Table: Life Insurance Claims (Malaysia 2008-2014) 11
Non-Life Premiums Forecast 12
Table: Non-Life Premiums (Malaysia 2013-2020) 15
Table: Non-Life Insurance Claims (Malaysia 2009-2014) 16
Non-Life Sub-Sector Forecast 17
Table: Non-Life Insurance Premiums by Product Line (Malaysia 2013-2020) 24
Industry Risk Reward Ratings 25
Asia Pacific Industry Risk/Reward Index 25
Table: Asia Pacific Insurance Risk/Reward Index Q316 26
Market Overview 27
Life Market Overview 27
The Product Offering 27
The Competitive Landscape 27
Table: Life Insurance Market (USDmn) 2008-2012 29
Table: Life Insurance Market (%) 2008-2012 30
Non-Life Market Overview 31
The Product Offering 31
The Competitive Landscape 31
Table: Non-Life Insurance Market (USDmn) 2008-2012 33
Table: Non-Life Insurance Market (%) 2008-2012 34
Company Profile 36
Allianz 36
Manulife Financial 39
Syarikat Takaful Malaysia Bhd 41
Methodology 44
Industry Forecast Methodology 44
Risk/Reward Index Methodology 47
Table: Indicators 49
Table: Weighting of Indicators 50

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