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
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
  • Increasing New Outlets And Striking Offers To Drive Global Pizza Market
    The global pizza market is predicted to grow at a steady CAGR of about 3% by 2020. Pizza has been gaining massive acceptance globally in the last few years. Consequently, the global pizza market is anticipated to observer considerable progress in the coming years. The growing number of pizzerias is one of the major elements [...]
  • Healthy Diet Demand In Developed Economies To Boost Nutraceuticals
    As customers scuffle to keep up with the frantic lifestyles, the necessity for healthy nutrition rises owing to dearth of time to spend on laborious exercises.  Customers are shifting their attention to swift and healthy food behaviours. Increase in intake of beverages and functional food has offered makers of nutraceuticals with money-spinning prospects to benefit [...]
  • World Economic Forum Unveils Top 10 Emerging Technologies of 2016
    The World Economic Forum (WEF) and Scientific American lately unveiled the major technological innovation list of the top ten emerging technologies of 2016. This list emphasizes on the technological developments which have the supremacy to transform industries, protect the planet, and improve lives. It also presents an opening to discuss any societal, human, economic or [...]
  • Siemens Adds To the Growth of Wind Power Generation Market
    Siemens has been presenting ground-breaking strategies and pioneering solutions for energy generation for an intelligent power supply globally. With an expansive portfolio and wide-ranging proficiency in wind power generation, Siemens is likely to aid in increasing the share of wind power in the US energy mix. With New Mexico’s vicinity to significant wind energy areas, [...]
  • Global Public Safety LTE Ecosystem Overview
    In view of its flourishing ecosystem, spectrum flexibility and performance metrics, LTE has emerged as the leading candidate for public safety mobile broadband networks. Public safety organizations and establishments have already begun planning to advance their networks to LTE-based public safety solutions. LTE provisions a varied range of services, from high bandwidth data services to [...]
  • Chile Insurance Report Q4 2016
    Published: 19-Oct-2016        Price: US 1295 Onwards        Pages: 58
    BMI View: Growth in the Chilean insurance sector will, like the rest of the economy, be highly determined by revenue from the country's main commodity export, copper. Although the economy is diversifying, there are clear trends showing the correlation between the copper industry and volumes of premiums written. While growth in the value of insurance premiums is set to slow in 2016, over the medium term growth will pick up due to improved economic fundamentals as well as p......
  • El Salvador Insurance Report Q4 2016
    Published: 19-Oct-2016        Price: US 1295 Onwards        Pages: 46
    BMI View: El Salvador's insurance market is small with a low level of penetration and density that is unlikely to change significantly over the next five years, even though it is set for solid expansion. The nonlife segment will become increasingly dominant as its growth will pass the life segment, helped by strong growth in health premium. Characterised by a large number of small, indigenous players, the non-life segment is ripe for merger and acquisition activity and wo......
  • Hong Kong Insurance Report Q4 2016
    Published: 19-Oct-2016        Price: US 1295 Onwards        Pages: 60
    BMI View: As of late 2016, the latest results from the leading insurance companies highlight the dynamism and sophistication of the players in both the life and the non-life segments. In the life segment, demand is being boosted by high savings rates, the central role played by insurers in the organised savings landscape and mainland visitors. In the non-life segment, growth has been driven by accident & health insurance. Key Updates And Forecasts - Hong Kong's insu......
  • Oman Insurance Report Q4 2016
    Published: 19-Oct-2016        Price: US 1295 Onwards        Pages: 60
    BMI View: The overall outlook for the non-life sector remains positive. A gradual rise in the rate of real GDP growth over our forecast period should boost incomes and feed into stronger demand for key non-life lines, including motor, property and health insurance, in what is still a market that is very far from saturated, despite being much more developed than the life sector. On a ten year view, our outlook envisages a moderate to modest trajectory for the Omani life in......
  • Slovenia Insurance Report Q4 2016
    Published: 19-Oct-2016        Price: US 1295 Onwards        Pages: 52
    BMI View: Growth in premiums has been adjusted upwards slightly this quarter, reflecting anticipated improvements in health and motoring lines. Overall, Slovenia will experience demographic trends that will support growth in a range of market segments that benefit from rising affluence, even at a time of stagnant population growth. Life premiums growth will continue to outpace non-life, but life insurance will still remain below its full potential. Key Updates And F......
  • Thailand Insurance Report Q4 2016
    Published: 19-Oct-2016        Price: US 1295 Onwards        Pages: 56
    BMI View: We continue to see Thailand as a market that, in global terms, is medium-sized and quite rapidly growing. Over the coming years, the life sector will continue to expand as the strong, leading companies provide new products to existing clients. In the non-life segment, price competition has hampered the growth of the important motor vehicle sub-sector and will likely continue to do so. Latest Updates And Forecasts - Following the major changes that we made ......
  • Barbados Insurance Report Q4 2016
    Published: 19-Oct-2016        Price: US 1295 Onwards        Pages: 40
    BMI View: Our revised outlook for the Barbados insurance sector for 2016 and over the course of our forecast period out to 2020 remains largely positive. The non-life sector, which constitutes around two thirds of insurance business in the country, has matured and is beginning to show signs of cooling off, driven largely by the lacklustre growth in the crucial property insurance life. Conversely, we hold a robustly positive opinion of the life insurance segment of Barbado......
  • The Insurance Industry in Chad, Key Trends and Opportunities to 2020
    Published: 18-Oct-2016        Price: US 1450 Onwards        Pages: 129
    Synopsis Timetric's 'The Insurance Industry in Chad, Key Trends and Opportunities to 2020' report provides a detailed analysis of Chadian insurance industry. It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review (2011-2015) and forecast periods (2015-2020). The report also gives a comprehensive overview of the Chadian ec......
  • Germany Insurance Report Q4 2016
    Published: 05-Oct-2016        Price: US 1295 Onwards        Pages: 62
    BMI View: Germany's insurance market is one of the largest and most competitive globally. As well as being home to well-capitalised multinationals and a broad range of domestic providers, the market also benefits from robust regulatory oversight and extensive and diversified distribution channels and product ranges. As a mature market, growth in both the life and non-life sectors is expected to be relatively slow; however, market fundamentals remain positive and we do......
    Value for Money
    We believe in "optimum utilization of available budget and resources". While servicing our clients' (your) market research requirements, we keep the same approach in focus to help you get the best value for your $$s.
    Ever Growing Inventory
    Ranging from the smallest feasible / required data (datasheets, data facts, SWOT analysis, company profiles, etc) to full research reports that help you make decisions, our inventory is updated almost on a daily basis with the latest industry reports from domain experts that track more than 5000 niche sectors.
    One Stop Solution
    Need a custom research report on medical devices market? Require all available business intelligence on 3D printing industry? Exploring F&B sector of a particular country/region? is your one-stop-solution to all market intelligence needs. We not only offer custom research and consulting services, we also "bundle" reports to meet your needs and help you fetch the data analysis you require for your business.
    Dedicated Client Engagement
    Not limited to only "finding" relevant reports for you, our client engagement team dedicates its efforts to understand your "business need" and accordingly maps available research data to help you move forward. Call "your" client engagement executive any time of your day and get your questions answered in order to make the correct business decision.
    Saving Time and Efforts
    Simply share your research requirement details with us and let us do all the hard work to find required intelligence for you. When you add up our "one stop solution" and "dedicated client engagement" services mentioned above, you obviously know the time and effort saving you do by working with us.
    Payment Flexibility
    Working with Fortune 500 organizations, we understand the importance of being flexible for payments. Share your payment terms with us and we will surely match up to them to ensure you get access to required business intelligence data without having to wait for the payment to be done.
    Post-Purchase Research Support
    Have questions after reading a report / datasheet bought through us? Not sure about the methodology used for data available in the research? Talk to us / Share your questions with us and if required, we will connect you with the analyst(s)/author(s) of the report(s) and ensure you get satisfactory answers for the same. Need more data / analysis / report(s) on the topic of your research/project? The team is here for you 24X7 to support you with your post-purchase requirements. Subscription Offers & Packages (Get in touch with us for more details - / +1 888 391 5441 )
    • Ad Hoc
    • Pay - as - you - go / Bucket Subscriptions
    • Fixed Cost for #of reports
    • Customize / Personalize as per your needs