Malaysia Insurance Report Q4 2016

Publisher Name :
Date: 07-Sep-2016
No. of pages: 50

BMI View: Although premiums in both the non-life and life segments of Malaysia's insurance sector are

increasing 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, multichannel

distribution, access to global capital markets and well-established brands. Many are providing

takaful solutions.

Latest Updates And Forecasts

? In Q416, we are not making changes to our forecasts for Malaysia's life insurance segment. We continue

to expect growth in gross life insurance premiums to slow over the course of the forecast period from just

over 5% in 2015, to just below 4% in 2020. Other metrics, such as the strong rises in new business

premiums and value of new business for many of the leading companies over the course of 2015, provide

a better indication of the opportunities. Life insurance is well established as a conduit for organised

savings among those households who understand it and value it: many of them are moving from

contributing premiums to drawing down benefits. Nevertheless, the world class life insurers who

dominate 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 life

insurance 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.

Malaysia Insurance Report Q4 2016

Table of Contents

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 2009-2015) 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 Q416 26
Market Overview 27
Life Market Overview 27
Product Offering 27
Competitive Landscape 27
Table: Life Insurance Market (USDmn) 2008-2012 29
Table: Life Insurance Market (%) 2008-2012 30
Non-Life Market Overview 31
Product Offering 31
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

List of Tables

Table: Headline Insurance Forecasts (Malaysia 2013-2020)
Table: Life Premiums (Malaysia 2013-2020)
Table: Life Insurance Claims (Malaysia 2008-2014)
Table: Non-Life Premiums (Malaysia 2013-2020)
Table: Non-Life Insurance Claims (Malaysia 2009-2015)
Table: Non-Life Insurance Premiums By Product Line (Malaysia 2013-2020)
Table: Asia Pacific Insurance Risk/Reward Index Q416
Table: Life Insurance Market (USDmn) 2008-2012
Table: Life Insurance Market (%) 2008-2012
Table: Non-Life Insurance Market (USDmn) 2008-2012
Table: Non-Life Insurance Market (%) 2008-2012
Table: Indicators
Table: Weighting of Indicators
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