Today: September 25, 2016, 12:37 am

Malaysia non-life insurance market: $4.1 billion industry estimated during 2012
Non-Life Insurance in Malaysia, Key Trends and Opportunities to 2017 - a new market research report on 2014-03-26 10:23:02
The expansion of the Malaysian non-life insurance segment was strongly influenced by the country´s GDP growth and the increased insurance industry penetration rate. Supported by these factors, the non-life insurance segment´s value increased from MYR9.5 billion (US$2.9 billion) in 2008 to MYR12.7 billion (US$4.1 billion) in 2012, at a CAGR of 7.4%.

The segment is expected to record a forecast-period CAGR of 6.5% to reach MYR17.3 billion (US$5.9 billion) in 2017, supported by the country´s GDP growth at a forecast-period CAGR of 5.2%. The growth of the industry is also expected to be driven by increased risk awareness among the Malaysian population. The growth of the country´s property and automobile industries, rising employment levels and anticipated industrial growth over the forecast period are also expected to drive the growth of the non-life insurance segment.

Malaysia´s steady GDP growth is expected to have a significant influence on the country´s non-life segment over the forecast period. Insurance against natural disasters anticipated to drive growth of the non-life segment. The distribution networks for insurance products are predominantly composed of agency networks, direct marketing, financial brokers, bancassurance, e-commerce and other distribution channels such as telemarketing and shopping malls.

The insurance industry of Malaysia is supervised and regulated by the Central Bank of Malaysia (BNM), under the supervision of the Ministry of Finance and according to the rules and regulations stipulated in the Insurance Act 1996. The non-life segment is moderately concentrated with 10 leading companies together accounting for 67.5% of the segment´s written premiums in 2012.

Click for report details: ..

Browse all Finance and Banking Market Research Reports ..

Browse all Finance and Banking Company Profile Reports ..

Browse all Latest Market Research Reports ..

About Us is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles,’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.

Press Information

Published by
Mike King
London: +44 (0) 203 086 8600

# 465 Words
Related Articles
More From Finance
P2P lending platform Monexo partners with IDBI-Trusteeship [..]
For Immediate Release: 2nd September 2016 MUKESH BUBNA, CEO Monexo Fintech Pvt Limited P2P [..]
Day Trade to Win New September Class [..]
Sold Out? New Class Added – On September 6, 2016, is launching a brand new eight-week trading boot camp [..]
FTM (Forget The Market) Reopens 3 Shares [..]
Port Vila, Vanuatu, 28th July 2016 - Investment firm FTM today announced the reopening of three separate share options, projected [..]
Ex-Citibanker Launching Online P2P marketplace in India [..]
A study conducted by World Bank shows that MSMEs in India face an estimated credit gap of INR 20.9 trillion [..]
New Frontier Portfolios Top Morningstar Rankings
New Frontier’s global strategic portfolios topped the Global Balanced Strategic/All-Inclusive category of the latest Morningstar ETF [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.