Free Submission Public Relations & NewsPR-inside.com
Home
Deutsch English

Finance
Reinsurance in Malaysia, Key Trends and Opportunities to 2017

Malaysia reinsurance market: $0.46 billion industry estimated during 2012


Print article Print article
© companiesandmarkets.com

companiesandmarkets.com
companiesandmarkets.com
2014-03-26 10:27:02 - Reinsurance in Malaysia, Key Trends and Opportunities to 2017 - a new market research report on companiesandmarkets.com

The written premium value of the Malaysia reinsurance segment increased from MYR1.03 billion (US$0.31 billion) in 2008 to MYR1.41 billion (US$0.46 billion) in 2012, at a review-period compound annual growth rate (CAGR) of 8.1%. The segment is expected to continue to record strong growth over the forecast period (2013–2017), supported by national economic development, the growth of the country´s real estate market, a rise in banking penetration and improved access to credit.

The expansion of direct insurance segments is also expected to support reinsurance growth, with the written premium value of the country´s life segment expected to record a forecast-period CAGR of 7.8%, the non-life segment anticipated to post a forecast-period CAGR of 6.5%, and the personal accident and health segment

 

 

expected to increase at a CAGR of 8.3%.

Risk of natural disasters expected to drive expansion of reinsurance. During the review period, the government liberalized the country´s reinsurance segment, which opened the market to foreign companies and offered various incentives and benefits – such as the removal of sales tax, excise, and import duties – to attract them.

The reinsurance segment is highly consolidated with the presence of both domestic and foreign reinsurers. As of 2012, there were seven companies authorized to offer reinsurance services in the country.

Click for report details: www.companiesandmarkets.com/Market/Finance-and-Banking/Market-Re ..

Browse all Finance and Banking Market Research Reports www.companiesandmarkets.com/Market/Finance-and-Banking/Market-Re ..

Browse all Finance and Banking Company Profile Reports www.companiesandmarkets.com/Market/Finance-and-Banking/Company-P ..

Browse all Latest Market Research Reports www.companiesandmarkets.com/Market/All/Market-Research?aCode=f3f ..

About Us
Companiesandmarkets.com 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, Companiesandmarkets.com’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.


Author:
Mike King
e-mail
Web: www.companiesandmarkets.com
Phone: London: +44 (0) 203 086 8600

Disclaimer: If you have any questions regarding information in these press releases 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 contents contained in this release.
Latest News
Read the Latest News
www.newsenvoy.com

 


Terms & Conditions | Privacy | About us | Contact PR-inside.com