Synopsis
The report provides in-depth market analysis, information and insights into the Malaysian life insurance market, including:
Executive Summary
Life insurance was the largest segment of the Malaysian insurance industry in 2011 with a market share of 59.3%. It is also considered as one of the most emerging and exciting life insurance markets in the Asia-Pacific region. The global financial crisis had minimal impact on the life insurance market in Malaysia during the review period. Driven by factors such as a disciplined attitude of individuals towards savings, rising consumer confidence and government initiatives on tax relief, the relatively underpenetrated Malaysian life insurance segment is expected to register healthy growth over the forecast period.
Scope
This report provides a comprehensive analysis of the life insurance market in Malaysia:
Reasons To Buy
Key Highlights
The report provides in-depth market analysis, information and insights into the Malaysian life insurance market, including:
- The Malaysian life insurance market’s growth prospects by life insurance categories and customer segments
- The various distribution channels in the Malaysian life insurance market
- The competitive landscape in the Malaysian life insurance market
- A description of the life reinsurance market in Malaysia
Executive Summary
Life insurance was the largest segment of the Malaysian insurance industry in 2011 with a market share of 59.3%. It is also considered as one of the most emerging and exciting life insurance markets in the Asia-Pacific region. The global financial crisis had minimal impact on the life insurance market in Malaysia during the review period. Driven by factors such as a disciplined attitude of individuals towards savings, rising consumer confidence and government initiatives on tax relief, the relatively underpenetrated Malaysian life insurance segment is expected to register healthy growth over the forecast period.
Scope
This report provides a comprehensive analysis of the life insurance market in Malaysia:
- It provides historical values for the Malaysian life insurance market for the report’s 2007–2011 review period and forecast figures for the 2012–2016 forecast period
- It offers a detailed analysis of the key sub-segments in the Malaysian life insurance market, along with market forecasts until 2016
- It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions
- It analyses the various distribution channels for insurance products in Malaysia
- Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in Malaysia for life insurance business
- It provides a detailed analysis of the reinsurance market in Malaysia and its growth prospects
- It profiles the top life insurance companies in Malaysia and outlines the key regulations affecting them
Reasons To Buy
- Make strategic business decisions using top-level historic and forecast market data related to the Malaysian life insurance market and each sector within it
- Understand the demand-side dynamics, key market trends and growth opportunities within the Malaysian life insurance market
- Assess the competitive dynamics in the life insurance market, along with the reinsurance segment
- Identify the growth opportunities and market dynamics within key product categories
- Gain insights into key regulations governing the Malaysian insurance market and its impact on companies and the market's future
Key Highlights
- The Malaysian government increased the limit for income tax deduction for life insurance with retirement benefits from MYR6,000 to MYR7,000 for individuals in 2010. This incentive is expected to support the development schemes of life insurers, with the country’s aging population being a key consideration.
- Malaysia’s life insurance penetration rate was 2.54% in 2011. As consumer awareness rises, with government encouragement, the density and penetration rate is expected to increase, fueling growth in the life insurance segment over the forecast period.
- Malaysia’s pro-market policies and plans to build new financial centers in the country have attracted many insurers. The Malaysian government has also provided various incentives such as the abolition of sales tax, excise, surtax and export duties, and these initiatives led to the presence of 16 life insurance companies in Malaysia by 2010.
- The Malaysian life insurance segment is highly concentrated, with the top ten insurers accounting for 88% of the market in 2010, with the remaining 12% divided among six life insurers.
- Bancassurance was the largest distribution channel in Malaysia in terms of distributing life insurance. This category collected 46.9% of the gross written premium for new business in 2011, followed by the agencies network channel with 40.5%. The battle for market share between the two channels lasted throughout the review period; in 2007, bancassurance accounted for a market share of 43%, whereas agencies led with a market share of 45%.
1 EXECUTIVE SUMMARY
2 INTRODUCTION
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 MALAYSIAN INSURANCE INDUSTRY ATTRACTIVENESS
3.1 Malaysian Insurance Industry
3.2 Key Industry Trends and Drivers
3.2.1 Business drivers
3.2.2 Consumer drivers
3.3 Recent Market Developments
4 LIFE INSURANCE MARKET OUTLOOK
4.1 Life Insurance Growth Prospects by Category
4.1.1 Individual life insurance category
4.1.2 Individual endowment insurance category
4.1.3 Individual unit-linked sub-category
4.1.4 Individual term life insurance category
4.1.5 Individual – others category
4.1.6 Group life category
4.2 Life Insurance Growth Prospects by Customer Segment
4.2.1 Individual products
4.2.2 Individual single-premium policies
4.2.3 Individual non-single-premium policies
4.2.4 Group products
4.2.5 Group single-premium policies
4.2.6 Group non-single-premium policies
5 ANALYSIS BY DISTRIBUTION CHANNEL
5.1 Direct Marketing Channel
5.2 Bancassurance channel
5.3 Agencies Channel
5.4 Other Channels
6 REGULATORY POLICIES
7 PORTER’S FIVE FORCES ANALYSIS – MALAYSIAN LIFE INSURANCE MARKET
7.1 Bargaining Power of Supplier: low
7.2 Bargaining Power of Buyer: medium
7.3 Barriers to Entry: medium
7.4 Intensity of Rivalry: medium
7.5 Threat of Substitutes: low
8 REINSURANCE GROWTH DYNAMICS AND CHALLENGES
8.1 Reinsurance market size, 2007–2016
8.2 Reinsurance market size by insurance segment, 2007–2016
9 COMPETITIVE LANDSCAPE AND STRATEGIC INSIGHTS
9.1 Overview
9.2 Leading Companies in the Malaysian Life Insurance Market
9.3 Great Eastern Life Assurance (Malaysia) Bhd – Company Overview
9.3.1 Great Eastern Life Assurance (Malaysia) Bhd – key facts
9.3.2 Great Eastern Life Assurance (Malaysia) Bhd – main products
9.3.3 Great Eastern Life Assurance (Malaysia) Bhd – main competitors
9.3.4 Great Eastern Life Assurance (Malaysia) Bhd – key employees
9.4 American International Assurance Bhd – Company Overview
9.4.1 American International Assurance Bhd – key facts
9.4.2 American International Assurance Bhd – main products
9.4.3 American International Assurance Bhd – main competitors
9.4.4 American International Assurance Bhd – key employees
9.5 Hong Leong Assurance Bhd – Company Overview
9.5.1 Hong Leong Assurance Bhd – key facts
9.5.2 Hong Leong Assurance Bhd – main products
9.5.3 Hong Leong Assurance Bhd – main competitors
9.5.4 Hong Leong Assurance Bhd – key employees
9.6 Malaysian Assurance Alliance Bhd – Company Overview
9.6.1 Malaysian Assurance Alliance Bhd – key facts
9.6.2 Malaysian Assurance Alliance Bhd – main products
9.6.3 Malaysian Assurance Alliance Bhd – main competitors
9.6.4 Malaysian Assurance Alliance Bhd – key employees
9.7 Prudential Assurance Malaysia Bhd – Company Overview
9.7.1 Prudential Assurance Malaysia Bhd – key facts
9.7.2 Prudential Assurance Malaysia Bhd – main products
9.7.3 Prudential Assurance Malaysia Bhd – main competitors
9.7.4 Prudential Assurance Malaysia Bhd – key employees
9.8 AmLife Insurance Bhd – Company Overview
9.8.1 AmLife Insurance Bhd – key facts
9.8.2 AmLife Insurance Bhd – main products
9.8.3 AmLife Insurance Bhd – main competitors
9.8.4 AmLife Insurance Bhd – key employees
9.9 MCIS Zurich Insurance Bhd – Company Overview
9.9.1 MCIS Zurich Insurance Bhd – key facts
9.9.2 MCIS Zurich Insurance Bhd – main products
9.9.3 MCIS Zurich Insurance Bhd – main competitors
9.9.4 MCIS Zurich Insurance Bhd – key employees
10 BUSINESS ENVIRONMENT AND COUNTRY RISK
10.1 Business Confidence
10.1.1 Business confidence indicator
10.1.2 Market capitalization trend – the Bursa Malaysia stock exchange, Malaysia
10.2 Economic Performance
10.2.1 GDP at constant prices (US dollars)
10.2.2 GDP per capita at constant prices (US dollars)
10.2.3 GDP at current prices (US dollars)
10.2.4 GDP per capita at current prices (US dollars)
10.2.5 GDP by key segments
10.2.6 Agriculture net output at current prices (Malaysian Ringgit)
10.2.7 Agriculture net output at current prices (US dollars)
10.2.8 Agriculture net output at current prices as a percentage of GDP
10.2.9 Manufacturing net output at current prices (Malaysian Ringgit)
10.2.10 Manufacturing net output at current prices (US dollars)
10.2.11 Manufacturing net output at current prices as a percentage of GDP
10.2.12 Mining, manufacturing and utilities net output at current prices (Malaysian Ringgit)
10.2.13 Mining, manufacturing and utilities at current prices (US dollars)
10.2.14 Mining, manufacturing and utilities at current prices, as percentage of GDP
10.2.15 Construction net output at current prices (Malaysian Ringgit)
10.2.16 Construction net output at current prices, (US dollars)
10.2.17 Construction net output at current prices as a percentage of GDP
10.2.18 Inflation rate
10.2.19 Fiscal balance as a percentage of GDP
10.2.20 Current account balance as a percentage of GDP
10.2.21 Exports as a percentage of GDP
10.2.22 Imports as a percentage of GDP
10.2.23 Exports growth
10.2.24 Imports growth
10.2.25 External debt as a percentage of GDP
10.2.26 Annual average exchange rate US$–MYR
10.2.27 End-of-period exchange rate US$–MYR
10.3 Infrastructure Quality and Availability
10.3.1 Total airports and sea ports
10.3.2 Railways and roadways
10.3.3 Passenger vehicle production volume
10.3.4 Commercial vehicle production volume
10.3.5 Automotive component exports trend
10.3.6 Automotive component imports trend
10.3.7 Passenger car penetration
10.3.8 Healthcare expenditure
10.3.9 Healthcare expenditure as a percentage of GDP
10.3.10 Healthcare expenditure per capita
10.3.11 Total internet subscribers
10.4 Labor Force
10.4.1 Labor force
10.4.2 Unemployment rate
10.5 Demographics
10.5.1 Annual disposable income
10.5.2 Annual per capita disposable income
10.5.3 Total population
10.5.4 Urban and rural population
10.5.5 Female percentage of population
10.5.6 Male percentage of population
10.5.7 Mean age of the population
10.5.8 Median age of population
10.5.9 Population density
10.5.10 Age distribution of the total population
10.5.11 Age distribution of the male population
10.5.12 Age distribution of the female population
10.5.13 Number of households
10.6 Political and Social Risk
10.6.1 Political stability
10.6.2 Terrorism index
10.6.3 Transparency index
11 APPENDIX
11.1 Methodology
11.2 Contact Us
11.3 About Timetric
11.4 Disclaimer
LIST OF TABLES
Table 1: Insurance Industry Definitions
Table 2: Malaysian Insurance – Overall Written Premium by Insurance Segment (MYR Billion), 2007–2011
Table 3: Malaysian Insurance – Overall Written Premium by Insurance Segment (US$ Billion), 2007–2011
Table 4: Malaysian Insurance – Overall Written Premium by Insurance Segment (MYR Billion), 2011–2016
Table 5: Malaysian Insurance – Overall Written Premium by Insurance Segment (US$ Billion), 2011–2016
Table 6: Malaysian Insurance – Segmentation (%), 2007–2016
Table 7: Malaysian Life Insurance – Written Premium by Category (MYR Billion), 2007–2011
Table 8: Malaysian Life Insurance – Written Premium by Category (US$ Billion), 2007–2011
Table 9: Malaysian Life Insurance – Written Premium by Category (MYR Billion), 2011–2016
Table 10: Malaysian Life Insurance – Written Premium by Category (US$ Billion), 2011–2016
Table 11: Malaysian Life Insurance – Incurred Loss (MYR Billion), 2007–2011
Table 12: Malaysian Life Insurance – Incurred Loss (MYR Billion), 2011–2016
Table 13: Malaysian Life Insurance – Loss Ratio (%), 2007–2011
Table 14: Malaysian Life Insurance – Loss Ratio (%), 2011–2016
Table 15: Malaysian Life Insurance – Commissions and Expenses (MYR Billion), 2007–2011
Table 16: Malaysian Life Insurance – Commissions and Expenses (MYR Billion), 2011–2016
Table 17: Malaysian Life Insurance – Combined Ratio (%), 2007–2011
Table 18: Malaysian Life Insurance – Combined Ratio (%), 2011–2016
Table 19: Malaysian Life Insurance – Frauds and Crimes (MYR Billion), 2007–2011
Table 20: Malaysian Life Insurance – Frauds and Crimes (MYR Billion), 2011–2016
Table 21: Malaysian Life Insurance – Total Assets (MYR Billion), 2007–2011
Table 22: Malaysian Life Insurance – Total Assets (MYR Billion), 2011–2016
Table 23: Malaysian Life Insurance – Total Investment Income (MYR Billion), 2007–2011
Table 24: Malaysian Life Insurance – Total Investment Income (MYR Billion), 2011–2016
Table 25: Malaysian Life Insurance – Retentions (MYR Billion), 2007–2011
Table 26: Malaysian Life Insurance – Retentions (MYR Billion), 2011–2016
Table 27: Individual Life Insurance – Volume (Thousand), 2007–2011
Table 28: Individual Life Insurance – Volume (Thousand), 2011–2016
Table 29: Individual Life Insurance – Written Premium (MYR Billion), 2007–2011
Table 30: Individual Life Insurance – Written Premium (MYR Billion), 2011–2016
Table 31: Individual Endowment Insurance – Volume (Thousand), 2007–2011
Table 32: Individual Endowment Insurance – Volume (Thousand), 2011–2016
Table 33: Individual Endowment Insurance – Written Premium (MYR Billion), 2007–2011
Table 34: Individual Endowment Insurance – Written Premium (MYR Billion), 2011–2016
Table 35: Individual Unit-Linked Insurance – Volume (Thousand), 2007–2011
Table 36: Individual Unit-Linked Insurance – Volume (Thousand), 2011–2016
Table 37: Individual Unit-Linked Insurance – Written Premium (MYR Billion), 2007–2011
Table 38: Individual Unit-Linked Insurance – Written Premium (MYR Billion), 2011–2016
Table 39: Individual Term Life Insurance – Volume (Thousand), 2007–2011
Table 40: Individual Term Life Insurance – Volume (Thousand), 2011–2016
Table 41: Individual Term Life Insurance – Written Premium (MYR Billion), 2007–2011
Table 42: Individual Term Life Insurance – Written Premium (MYR Billion), 2011–2016
Table 43: Other Individual Insurance – Volume (Thousand), 2007–2011
Table 44: Other Individual Insurance – Volume (Thousand), 2011–2016
Table 45: Other Individual Insurance – Written Premium (MYR Billion), 2007–2011
Table 46: Other Individual Insurance – Written Premium (MYR Billion), 2011–2016
Table 47: Group Life Insurance – Volume (Thousand), 2007–2011
Table 48: Group Life Insurance – Volume (Thousand), 2011–2016
Table 49: Group Life Insurance – Written Premium (MYR Billion), 2007–2011
Table 50: Group Life Insurance – Written Premium (MYR Billion), 2011–2016
Table 51: Individual Single-Premium Policies – Volume (Thousand), 2007–2011
Table 52: Individual Single-Premium Policies – Volume (Thousand), 2011–2016
Table 53: Individual Single-Premium Policies – Written Premium (MYR Billion), 2007–2011
Table 54: Individual Single-Premium Policies – Written Premium (MYR Billion), 2011–2016
Table 55: Individual Non-Single-Premium Policies – Volume (Thousand), 2007–2011
Table 56: Individual Non-Single-Premium Policies – Volume (Thousand), 2011–2016
Table 57: Individual Non-Single-Premium Policies – Written Premium (MYR Billion), 2007–2011
Table 58: Individual Non-Single-Premium Policies – Written Premium (MYR Billion), 2011–2016
Table 59: Group Single-Premium Policies – Volume (Thousand), 2007–2011
Table 60: Group Single-Premium Policies – Volume (Thousand), 2011–2016
Table 61: Group Single-Premium Policies – Written Premium (MYR Billion), 2007–2011
Table 62: Group Single-Premium Policies – Written Premium (MYR Billion), 2011–2016
Table 63: Group Non-Single-Premium Policies – Volume (Thousand), 2007–2011
Table 64: Group Non-Single-Premium Policies – Volume (Thousand), 2011–2016
Table 65: Group Non-Single-Premium Policies – Written Premium (MYR Billion), 2007–2011
Table 66: Group Non-Single-Premium Policies – Written Premium (MYR Billion), 2011–2016
Table 67: Malaysian Life Insurance – Direct Marketing Commission Paid (MYR Billion), 2007–2011
Table 68: Malaysian Life Insurance – Direct Marketing Commission Paid (MYR Billion), 2011–2016
Table 69: Malaysian Life Insurance – Written Premium Through Direct Marketing (MYR Billion), 2007–2011
Table 70: Malaysian Life Insurance – Written Premium Through Direct Marketing (MYR Billion), 2011–2016
Table 71: Malaysian Life Insurance – Policies Sold Through Direct Marketing (Thousand), 2007–2011
Table 72: Malaysian Life Insurance – Policies Sold Through Direct Marketing (Thousand), 2011–2016
Table 73: Malaysian Life Insurance – Number of Direct Marketing Distributors, 2007–2011
Table 74: Malaysian Life Insurance – Number of Direct Marketing Distributors, 2011–2016
Table 75: Malaysian Life Insurance – Bancassurance Commission Paid (MYR Billion), 2007–2011
Table 76: Malaysian Life Insurance – Bancassurance Commission Paid (MYR Billion), 2011–2016
Table 77: Malaysian Life Insurance – Written Premium Through Bancassurance (MYR Billion), 2007–2011
Table 78: Malaysian Life Insurance – Written Premium Through Bancassurance (MYR Billion), 2011–2016
Table 79: Malaysian Life Insurance – Policies Sold Through Bancassurance (Thousand), 2007–2011
Table 80: Malaysian Life Insurance – Policies Sold Through Bancassurance (Thousand), 2011–2016
Table 81: Malaysian Life Insurance – Number of Bancassurance Distributors, 2007–2011
Table 82: Malaysian Life Insurance – Number of Bancassurance Distributors, 2011–2016
Table 83: Malaysian Life Insurance – Commission Paid to Agencies (MYR Billion), 2007–2011
Table 84: Malaysian Life Insurance – Commission Paid to Agencies (MYR Billion), 2011–2016
Table 85: Malaysian Life Insurance – Written Premium Through Agencies (MYR Billion), 2007–2011
Table 86: Malaysian Life Insurance – Written Premium Through Agencies (MYR Billion), 2011–2016
Table 87: Malaysian Life Insurance – Policies Sold Through Agencies (Thousand), 2007–2011
Table 88: Malaysian Life Insurance – Policies Sold Through Agencies (Thousand), 2011–2016
Table 89: Malaysian Life Insurance – Number of Agencies, 2007–2011
Table 90: Malaysian Life Insurance – Number of Agencies, 2011–2016
Table 91: Malaysian Life Insurance – Commission Paid to Other Channels (MYR Billion), 2007–2011
Table 92: Malaysian Life Insurance – Commission Paid to Other Channels (MYR Billion), 2011–2016
Table 93: Malaysian Life Insurance – Written Premium Through Other Channels (MYR Billion), 2007–2011
Table 94: Malaysian Life Insurance – Written Premium Through Other Channels (MYR Billion), 2011–2016
Table 95: Malaysian Life Insurance – Policies Sold Through Other Channels (Thousand), 2007–2011
Table 96: Malaysian Life Insurance – Policies Sold Through Other Channels (Thousand), 2011–2016
Table 97: Malaysian Life Insurance – Number of Distributors in Other Channels, 2007–2011
Table 98: Malaysian Life Insurance – Number of Distributors in Other Channels, 2011–2016
Table 99: Malaysian Reinsurance – Market Size by Category (MYR Billion), 2007–2011
Table 100: Malaysian Reinsurance – Market Size by Category (US$ Billion), 2007–2011
Table 101: Malaysian Reinsurance – Market Size by Category (MYR Billion), 2011–2016
Table 102: Malaysian Reinsurance – Market Size by Category (US$ Billion), 2011–2016
Table 103: Malaysian Reinsurance – Premium Ceded by Insurance Segment (MYR Billion), 2007–2011
Table 104: Malaysian Reinsurance – Premium Ceded by Insurance Segment (US$ Billion), 2007–2011
Table 105: Malaysian Reinsurance – Premium Ceded by Insurance Segment (MYR Billion), 2011–2016
Table 106: Malaysian Reinsurance – Premium Ceded by Insurance Segment (US$ Billion), 2011–2016
Table 107: Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Table 108: Life Insurance – Percentage of Reinsurance Ceded (%),2011–2016
Table 109: Malaysian Life Insurance Market Shares (%), 2010
Table 110: Great Eastern Life Assurance (Malaysia) Bhd, Key Facts
Table 111: Great Eastern Life Assurance (Malaysia) Bhd, Main Products
Table 112: Great Eastern Life Assurance (Malaysia) Bhd, Key Employees
Table 113: American International Assurance Bhd, Key Facts
Table 114: American International Assurance Bhd, Main Products
Table 115: American International Assurance Bhd, Key Employees
Table 116: Hong Leong Assurance Bhd, Key Facts
Table 117: Hong Leong Assurance Bhd, Main Products
Table 118: Hong Leong Assurance Bhd, Key Employees
Table 119: Malaysian Assurance Alliance Bhd, Key Facts
Table 120: Malaysian Assurance Alliance Bhd, Main Products
Table 121: Malaysian Assurance Alliance Bhd, Key Employees
Table 122: Prudential Assurance Malaysia Bhd, Key Facts
Table 123: Prudential Assurance Malaysia Bhd, Main Products
Table 124: Prudential Assurance Malaysia Bhd, Key Employees
Table 125: AmLife Insurance Bhd, Key Facts
Table 126: AmLife Insurance Bhd, Main Products
Table 127: AmLife Insurance Bhd, Key Employees
Table 128: MCIS Zurich Insurance Bhd, Key Facts
Table 129: MCIS Zurich Insurance Bhd, Main Products
Table 130: MCIS Zurich Insurance Bhd, Key Employees
LIST OF FIGURES
Figure 1: Malaysian Insurance – Overall Written Premium by Insurance Segment (MYR Billion), 2007–2016
Figure 2: Malaysian Insurance – Market Dynamics by Insurance Segment, 2007–2016
Figure 3: Malaysian Life Insurance – Written Premium by Category (MYR Billion), 2007–2016
Figure 4: Malaysian Life Insurance – Written Premium by Category (% Share), 2011 and 2016
Figure 5: Malaysian Life Insurance – Dynamics by Category, 2007–2016
Figure 6: Malaysian Life Insurance – Incurred Loss (MYR Billion), 2007–2011
Figure 7: Malaysian Life Insurance – Incurred Loss (MYR Billion), 2011–2016
Figure 8: Malaysian Life Insurance – Loss Ratio (%), 2007–2011
Figure 9: Malaysian Life Insurance – Loss Ratio (%), 2011–2016
Figure 10: Malaysian Life Insurance – Commissions and Expenses (MYR Billion), 2007–2011
Figure 11: Malaysian Life Insurance – Commissions and Expenses (MYR Billion), 2011–2016
Figure 12: Malaysian Life Insurance – Combined Ratio (%), 2007–2011
Figure 13: Malaysian Life Insurance – Combined Ratio (%), 2011–2016
Figure 14: Malaysian Life Insurance – Frauds and Crimes (MYR Billion), 2007–2011
Figure 15: Malaysian Life Insurance – Frauds and Crimes (MYR Billion), 2011–2016
Figure 16: Malaysian Life Insurance – Total Assets (MYR Billion), 2007–2011
Figure 17: Malaysian Life Insurance – Total Assets (MYR Billion), 2011–2016
Figure 18: Malaysian Life Insurance – Total Investment Income (MYR Billion), 2007–2011
Figure 19: Malaysian Life Insurance – Total Investment Income (MYR Billion), 2011–2016
Figure 20: Malaysian Life Insurance – Retentions (MYR Billion), 2007–2011
Figure 21: Malaysian Life Insurance – Retentions (MYR Billion), 2011–2016
Figure 22: Malaysian Life Insurance – Investment Type (MYR Billion), 2007–2011
Figure 23: Malaysian Life Insurance – Investment Type, 2007 and 2011
Figure 24: Malaysian Life Insurance – Density and Penetration (%), 2007–2011
Figure 25: Malaysian Life Insurance – Number of Policies Sold (Thousand), 2007–2011
Figure 26: Malaysian Life Insurance – Number of Policies Sold (Thousand), 2011–2016
Figure 27: Malaysian Life Insurance – Premium Per Capita (MYR), 2007–2011
Figure 28: Individual Life Insurance – Volume (Thousand), 2007–2011
Figure 29: Individual Life Insurance – Volume (Thousand), 2011–2016
Figure 30: Individual Life Insurance – Written Premium (MYR Billion), 2007–2011
Figure 31: Individual Life Insurance – Written Premium (MYR Billion), 2011–2016
Figure 32: Individual Endowment Insurance – Volume (Thousand), 2007–2011
Figure 33: Individual Endowment Insurance – Volume (Thousand), 2011–2016
Figure 34: Individual Endowment Insurance – Written Premium (MYR Billion), 2007–2011
Figure 35: Individual Endowment Insurance – Written Premium (MYR Billion), 2011–2016
Figure 36: Individual Unit-Linked Insurance – Volume (Thousand), 2007–2011
Figure 37: Individual Unit-Linked Insurance – Volume (Thousand), 2011–2016
Figure 38: Individual Unit-Linked Insurance – Written Premium (MYR Billion), 2007–2011
Figure 39: Individual Unit-Linked Insurance – Written Premium (MYR Billion), 2011–2016
Figure 40: Individual Term Life Insurance – Volume (Thousand), 2007–2011
Figure 41: Individual Term Life Insurance – Volume (Thousand), 2011–2016
Figure 42: Individual Term Life Insurance – Written Premium (MYR Billion), 2007–2011
Figure 43: Individual Term Life Insurance – Written Premium (MYR Billion), 2011–2016
Figure 44: Other Individual Insurance – Volume (Thousand), 2007–2011
Figure 45: Other Individual Insurance – Volume (Thousand), 2011–2016
Figure 46: Other Individual Insurance – Written Premium (MYR Billion), 2007–2011
Figure 47: Other Individual Insurance – Written Premium (MYR Billion), 2011–2016
Figure 48: Group Life Insurance – Volume (Thousand), 2007–2011
Figure 49: Group Life Insurance – Volume (Thousand), 2011–2016
Figure 50: Group Life Insurance – Written Premium (MYR Billion), 2007–2011
Figure 51: Group Life Insurance – Written Premium (MYR Billion), 2011–2016
Figure 52: Individual Single-Premium Policies – Volume (Thousand), 2007–2011
Figure 53: Individual Single-Premium Policies – Volume (Thousand), 2011–2016
Figure 54: Individual Single-Premium Policies – Written Premium (MYR Billion), 2007–2011
Figure 55: Individual Single-Premium Policies – Written Premium (MYR Billion), 2011–2016
Figure 56: Individual Non-Single-Premium Policies – Volume (Thousand), 2007–2011
Figure 57: Individual Non-Single-Premium Policies – Volume (Thousand), 2011–2016
Figure 58: Individual Non-Single-Premium Policies – Written Premium (MYR Billion), 2007–2011
Figure 59: Individual Non-Single-Premium Policies – Written Premium (MYR Billion), 2011–2016
Figure 60: Group Single-Premium Policies – Volume (Thousand), 2007–2011
Figure 61: Group Single-Premium Policies – Volume (Thousand), 2011–2016
Figure 62: Group Single-Premium Policies – Written Premium (MYR Billion), 2007–2011
Figure 63: Group Single-Premium Policies – Written Premium (MYR Billion), 2011–2016
Figure 64: Group Non-Single-Premium Policies – Volume (Thousand), 2007–2011
Figure 65: Group Non-Single-Premium Policies – Volume (Thousand), 2011–2016
Figure 66: Group Non-Single-Premium Policies – Written Premium (MYR Billion), 2007–2011
Figure 67: Group Non-Single-Premium Policies – Written Premium (MYR Billion), 2011–2016
Figure 68: Malaysian Life Insurance New Business Written Premium by Distribution Channel (% Share), 2011 and 2016
Figure 69: Malaysian Life Insurance – Direct Marketing Commission Paid (MYR Billion), 2007–2011
Figure 70: Malaysian Life Insurance – Direct Marketing Commission Paid (MYR Billion), 2011–2016
Figure 71: Malaysian Life Insurance – Written Premium Through Direct Marketing (MYR Billion), 2007–2011
Figure 72: Malaysian Life Insurance – Written Premium Through Direct Marketing (MYR Billion), 2011–2016
Figure 73: Malaysian Life Insurance – Policies Sold Through Direct Marketing (Thousand), 2007–2011
Figure 74: Malaysian Life Insurance – Policies Sold Through Direct Marketing (Thousand), 2011–2016
Figure 75: Malaysian Life Insurance – Number of Direct Marketing Distributors, 2007–2011
Figure 76: Malaysian Life Insurance – Number of Direct Marketing Distributors, 2011–2016
Figure 77: Malaysian Life Insurance – Bancassurance Commission Paid (MYR Billion), 2007–2011
Figure 78: Malaysian Life Insurance – Bancassurance Commission Paid (MYR Billion), 2011–2016
Figure 79: Malaysian Life Insurance – Written Premium Through Bancassurance (MYR Billion), 2007–2011
Figure 80: Malaysian Life Insurance – Written Premium Through Bancassurance (MYR Billion), 2011–2016
Figure 81: Malaysian Life Insurance – Policies Sold Through Bancassurance (Thousand), 2007–2011
Figure 82: Malaysian Life Insurance – Policies Sold Through Bancassurance (Thousand), 2011–2016
Figure 83: Malaysian Life Insurance – Number of Bancassurance Distributors, 2007–2011
Figure 84: Malaysian Life Insurance – Number of Bancassurance Distributors, 2011–2016
Figure 85: Malaysian Life Insurance – Commission Paid to Agencies (MYR Billion), 2007–2011
Figure 86: Malaysian Life Insurance – Commission Paid to Agencies (MYR Billion), 2011–2016
Figure 87: Malaysian Life Insurance – Written Premium Through Agencies (MYR Billion), 2007–2011
Figure 88: Malaysian Life Insurance – Written Premium Through Agencies (MYR Billion), 2011–2016
Figure 89: Malaysian Life Insurance – Policies Sold Through Agencies (Thousand), 2007–2011
Figure 90: Malaysian Life Insurance – Policies Sold Through Agencies (Thousand), 2011–2016
Figure 91: Malaysian Life Insurance – Number of Agencies, 2007–2011
Figure 92: Malaysian Life Insurance – Number of Agencies, 2011–2016
Figure 93: Malaysian Life Insurance – Commission Paid to Other Channels (MYR Billion), 2007–2011
Figure 94: Malaysian Life Insurance – Commission Paid to Other Channels (MYR Billion), 2011–2016
Figure 95: Malaysian Life Insurance – Written Premium Through Other Channels (MYR Billion), 2007–2011
Figure 96: Malaysian Life Insurance – Written Premium Through Other Channels (MYR Billion), 2011–2016
Figure 97: Malaysian Life Insurance – Policies Sold Through Other Channels (Thousand), 2007–2011
Figure 98: Malaysian Life Insurance – Policies Sold Through Other Channels (Thousand), 2011–2016
Figure 99: Malaysian Life Insurance – Number of Distributors in Other Channels, 2007–2011
Figure 100: Malaysian Life Insurance – Number of Distributors in Other Channels, 2011–2016
Figure 101: Malaysian Life Insurance – Five Forces Analysis
Figure 102: Malaysian Reinsurance – Market Size by Category (MYR Billion), 2007–2016
Figure 103: Malaysian Reinsurance – Market Size by Category (% Share), 2011 and 2016
Figure 104: Malaysian Reinsurance – Market Dynamics by Category, 2007–2016
Figure 105: Malaysian Reinsurance – Premium Ceded by Insurance Segment (MYR Billion), 2007–2016
Figure 106: Malaysian Reinsurance – Market Dynamics by Insurance Segment, 2007–2016
Figure 107: Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Figure 108: Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016
Figure 109: Malaysia Life Insurance Market Share (%), 2010
Figure 110: Malaysia Business Confidence Indicator, Q12008–Q42010
Figure 111: Bursa Malaysia Stock Exchange Market Capitalization (US$ Billion), 2007– 2010
Figure 112: Malaysian GDP at Constant Prices (US$ Billion), 2007–2016
Figure 113: Malaysian GDP Per Capita at Constant Prices (US$), 2007–2016
Figure 114: Malaysian GDP at Current Prices (US$ Billion), 2007–2016
Figure 115: Malaysian GDP Per Capita at Current Prices (US$), 2007–2016
Figure 116: Malaysian GDP by Key Segments (%) 2007 and 2011
Figure 117: Malaysian Agriculture Net Output at Current Prices (MYR Billion), 2007–2016
Figure 118: Malaysian Agriculture Net Output at Current Prices (US$ Billion), 2007–2016
Figure 119: Malaysian Agriculture Net Output at Current Prices as a Percentage of GDP (%), 2007–2016
Figure 120: Malaysian Manufacturing Net Output at Current Prices (MYR Billion), 2007–2016
Figure 121: Malaysian Manufacturing Net Output at Current Prices (US$ Billion), 2007–2016
Figure 122: Malaysian Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2007–2016
Figure 123: Malaysian Mining, Manufacturing and Utilities Net Output at Current Prices (MYR Billion), 2007–2016
Figure 124: Malaysian Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 2007–2016
Figure 125: Malaysian Mining, Manufacturing and Utilities Net Output at Current Prices as a percentage of GDP (%), 2007–2016
Figure 126: Malaysian Construction Net Output at Current Prices (MYR Billion), 2007–2016
Figure 127: Malaysian Construction Net Output at Current Prices (US$ Billion), 2007–2016
Figure 128: Malaysian Construction Output at Current Prices as a Percentage of GDP (%), 2007–2016
Figure 129: Malaysian Inflation Rate (%), 2007–2016
Figure 130: Malaysian Fiscal Balance as a Percentage of GDP(%), 2007–2011
Figure 131: Malaysian Current Account Balance as a Percentage of GDP (%), 2007–2011
Figure 132: Malaysian Exports as a Percentage of GDP (%), 2007–2016
Figure 133: Malaysian Imports as a Percentage of GDP (%), 2007–2016
Figure 134: Malaysian Exports Growth (%), 2007–2016
Figure 135: Malaysian Imports Growth (%), 2007–2016
Figure 136: Malaysian External Debt as a Percentage of GDP (%), 2007–2011
Figure 137: Malaysian Annual Average Exchange Rate US$–MYR, 2007–2011
Figure 138: Malaysian End-of-Period Exchange Rate US$–MYR, 2007–2011
Figure 139: Total Number of Malaysian Airports and Sea Ports, 2011
Figure 140: Malaysian Railways and Roadways (Kilometers), 2011
Figure 141: Malaysian Passenger Vehicle Production, 2007–2016
Figure 142: Malaysian Commercial Vehicle Production, 2007–2016
Figure 143: Malaysian Automotive Component Exports (US$ Billion), 2007–2016
Figure 144: Malaysian Automotive Component Imports (US$ Billion), 2007–2016
Figure 145: Malaysian Passenger Car Penetration (per ‘000 people), 2007–2016
Figure 146: Malaysian Healthcare Expenditure (US$ Billion), 2007–2016
Figure 147: Malaysian Healthcare Expenditure as a Percentage of GDP (%), 2007–2016
Figure 148: Malaysian Per Capita Healthcare Expenditure (US$), 2007–2016
Figure 149: Malaysian Internet Subscriptions (Millions), 2007–2016
Figure 150: Malaysian Size of Labor Force in 15–59 Age Group (Million), 2007–2016
Figure 151: Malaysian Unemployment Rate (%), 2007–2016
Figure 152: Malaysian Annual Disposable Income (US$ Billion), 2007–2016
Figure 153: Malaysian Annual Per Capita Disposable Income (US$), 2007–2016
Figure 154: Malaysian Total Population (Million), 2007–2016
Figure 155: Malaysian Urban and Rural Population (%), 2007–2016
Figure 156: Malaysian Female as Percentage of Population (%), 2007–2016
Figure 157: Malaysian Male as Percentage of Population (%), 2007–2016
Figure 158: Malaysian Mean Age of Population (Years), 2007–2016
Figure 159: Malaysian Median Age of Population (Years), 2007–2016
Figure 160: Malaysian Population Density (per Square Kilometer), 2007–2016
Figure 161: Malaysian Population Distribution by Age (%), 2007–2016
Figure 162: Malaysian Male Population Distribution by Age (%), 2007–2016
Figure 163: Malaysian Female Population Distribution by Age (%), 2007–2016
Figure 164: Malaysian Households, Number of (Million), 2007–2016
Figure 165: Global Terrorism Heat Map, 2011
Figure 166: Malaysian Transparency Index, 2007–2011
COMPANIES MENTIONED
Great Eastern
Mayban Life
Hong Leong
Malaysian Assurance Alliance
Prudential
AM Life
MCIS Zurich
2 INTRODUCTION
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 MALAYSIAN INSURANCE INDUSTRY ATTRACTIVENESS
3.1 Malaysian Insurance Industry
3.2 Key Industry Trends and Drivers
3.2.1 Business drivers
3.2.2 Consumer drivers
3.3 Recent Market Developments
4 LIFE INSURANCE MARKET OUTLOOK
4.1 Life Insurance Growth Prospects by Category
4.1.1 Individual life insurance category
4.1.2 Individual endowment insurance category
4.1.3 Individual unit-linked sub-category
4.1.4 Individual term life insurance category
4.1.5 Individual – others category
4.1.6 Group life category
4.2 Life Insurance Growth Prospects by Customer Segment
4.2.1 Individual products
4.2.2 Individual single-premium policies
4.2.3 Individual non-single-premium policies
4.2.4 Group products
4.2.5 Group single-premium policies
4.2.6 Group non-single-premium policies
5 ANALYSIS BY DISTRIBUTION CHANNEL
5.1 Direct Marketing Channel
5.2 Bancassurance channel
5.3 Agencies Channel
5.4 Other Channels
6 REGULATORY POLICIES
7 PORTER’S FIVE FORCES ANALYSIS – MALAYSIAN LIFE INSURANCE MARKET
7.1 Bargaining Power of Supplier: low
7.2 Bargaining Power of Buyer: medium
7.3 Barriers to Entry: medium
7.4 Intensity of Rivalry: medium
7.5 Threat of Substitutes: low
8 REINSURANCE GROWTH DYNAMICS AND CHALLENGES
8.1 Reinsurance market size, 2007–2016
8.2 Reinsurance market size by insurance segment, 2007–2016
9 COMPETITIVE LANDSCAPE AND STRATEGIC INSIGHTS
9.1 Overview
9.2 Leading Companies in the Malaysian Life Insurance Market
9.3 Great Eastern Life Assurance (Malaysia) Bhd – Company Overview
9.3.1 Great Eastern Life Assurance (Malaysia) Bhd – key facts
9.3.2 Great Eastern Life Assurance (Malaysia) Bhd – main products
9.3.3 Great Eastern Life Assurance (Malaysia) Bhd – main competitors
9.3.4 Great Eastern Life Assurance (Malaysia) Bhd – key employees
9.4 American International Assurance Bhd – Company Overview
9.4.1 American International Assurance Bhd – key facts
9.4.2 American International Assurance Bhd – main products
9.4.3 American International Assurance Bhd – main competitors
9.4.4 American International Assurance Bhd – key employees
9.5 Hong Leong Assurance Bhd – Company Overview
9.5.1 Hong Leong Assurance Bhd – key facts
9.5.2 Hong Leong Assurance Bhd – main products
9.5.3 Hong Leong Assurance Bhd – main competitors
9.5.4 Hong Leong Assurance Bhd – key employees
9.6 Malaysian Assurance Alliance Bhd – Company Overview
9.6.1 Malaysian Assurance Alliance Bhd – key facts
9.6.2 Malaysian Assurance Alliance Bhd – main products
9.6.3 Malaysian Assurance Alliance Bhd – main competitors
9.6.4 Malaysian Assurance Alliance Bhd – key employees
9.7 Prudential Assurance Malaysia Bhd – Company Overview
9.7.1 Prudential Assurance Malaysia Bhd – key facts
9.7.2 Prudential Assurance Malaysia Bhd – main products
9.7.3 Prudential Assurance Malaysia Bhd – main competitors
9.7.4 Prudential Assurance Malaysia Bhd – key employees
9.8 AmLife Insurance Bhd – Company Overview
9.8.1 AmLife Insurance Bhd – key facts
9.8.2 AmLife Insurance Bhd – main products
9.8.3 AmLife Insurance Bhd – main competitors
9.8.4 AmLife Insurance Bhd – key employees
9.9 MCIS Zurich Insurance Bhd – Company Overview
9.9.1 MCIS Zurich Insurance Bhd – key facts
9.9.2 MCIS Zurich Insurance Bhd – main products
9.9.3 MCIS Zurich Insurance Bhd – main competitors
9.9.4 MCIS Zurich Insurance Bhd – key employees
10 BUSINESS ENVIRONMENT AND COUNTRY RISK
10.1 Business Confidence
10.1.1 Business confidence indicator
10.1.2 Market capitalization trend – the Bursa Malaysia stock exchange, Malaysia
10.2 Economic Performance
10.2.1 GDP at constant prices (US dollars)
10.2.2 GDP per capita at constant prices (US dollars)
10.2.3 GDP at current prices (US dollars)
10.2.4 GDP per capita at current prices (US dollars)
10.2.5 GDP by key segments
10.2.6 Agriculture net output at current prices (Malaysian Ringgit)
10.2.7 Agriculture net output at current prices (US dollars)
10.2.8 Agriculture net output at current prices as a percentage of GDP
10.2.9 Manufacturing net output at current prices (Malaysian Ringgit)
10.2.10 Manufacturing net output at current prices (US dollars)
10.2.11 Manufacturing net output at current prices as a percentage of GDP
10.2.12 Mining, manufacturing and utilities net output at current prices (Malaysian Ringgit)
10.2.13 Mining, manufacturing and utilities at current prices (US dollars)
10.2.14 Mining, manufacturing and utilities at current prices, as percentage of GDP
10.2.15 Construction net output at current prices (Malaysian Ringgit)
10.2.16 Construction net output at current prices, (US dollars)
10.2.17 Construction net output at current prices as a percentage of GDP
10.2.18 Inflation rate
10.2.19 Fiscal balance as a percentage of GDP
10.2.20 Current account balance as a percentage of GDP
10.2.21 Exports as a percentage of GDP
10.2.22 Imports as a percentage of GDP
10.2.23 Exports growth
10.2.24 Imports growth
10.2.25 External debt as a percentage of GDP
10.2.26 Annual average exchange rate US$–MYR
10.2.27 End-of-period exchange rate US$–MYR
10.3 Infrastructure Quality and Availability
10.3.1 Total airports and sea ports
10.3.2 Railways and roadways
10.3.3 Passenger vehicle production volume
10.3.4 Commercial vehicle production volume
10.3.5 Automotive component exports trend
10.3.6 Automotive component imports trend
10.3.7 Passenger car penetration
10.3.8 Healthcare expenditure
10.3.9 Healthcare expenditure as a percentage of GDP
10.3.10 Healthcare expenditure per capita
10.3.11 Total internet subscribers
10.4 Labor Force
10.4.1 Labor force
10.4.2 Unemployment rate
10.5 Demographics
10.5.1 Annual disposable income
10.5.2 Annual per capita disposable income
10.5.3 Total population
10.5.4 Urban and rural population
10.5.5 Female percentage of population
10.5.6 Male percentage of population
10.5.7 Mean age of the population
10.5.8 Median age of population
10.5.9 Population density
10.5.10 Age distribution of the total population
10.5.11 Age distribution of the male population
10.5.12 Age distribution of the female population
10.5.13 Number of households
10.6 Political and Social Risk
10.6.1 Political stability
10.6.2 Terrorism index
10.6.3 Transparency index
11 APPENDIX
11.1 Methodology
11.2 Contact Us
11.3 About Timetric
11.4 Disclaimer
LIST OF TABLES
Table 1: Insurance Industry Definitions
Table 2: Malaysian Insurance – Overall Written Premium by Insurance Segment (MYR Billion), 2007–2011
Table 3: Malaysian Insurance – Overall Written Premium by Insurance Segment (US$ Billion), 2007–2011
Table 4: Malaysian Insurance – Overall Written Premium by Insurance Segment (MYR Billion), 2011–2016
Table 5: Malaysian Insurance – Overall Written Premium by Insurance Segment (US$ Billion), 2011–2016
Table 6: Malaysian Insurance – Segmentation (%), 2007–2016
Table 7: Malaysian Life Insurance – Written Premium by Category (MYR Billion), 2007–2011
Table 8: Malaysian Life Insurance – Written Premium by Category (US$ Billion), 2007–2011
Table 9: Malaysian Life Insurance – Written Premium by Category (MYR Billion), 2011–2016
Table 10: Malaysian Life Insurance – Written Premium by Category (US$ Billion), 2011–2016
Table 11: Malaysian Life Insurance – Incurred Loss (MYR Billion), 2007–2011
Table 12: Malaysian Life Insurance – Incurred Loss (MYR Billion), 2011–2016
Table 13: Malaysian Life Insurance – Loss Ratio (%), 2007–2011
Table 14: Malaysian Life Insurance – Loss Ratio (%), 2011–2016
Table 15: Malaysian Life Insurance – Commissions and Expenses (MYR Billion), 2007–2011
Table 16: Malaysian Life Insurance – Commissions and Expenses (MYR Billion), 2011–2016
Table 17: Malaysian Life Insurance – Combined Ratio (%), 2007–2011
Table 18: Malaysian Life Insurance – Combined Ratio (%), 2011–2016
Table 19: Malaysian Life Insurance – Frauds and Crimes (MYR Billion), 2007–2011
Table 20: Malaysian Life Insurance – Frauds and Crimes (MYR Billion), 2011–2016
Table 21: Malaysian Life Insurance – Total Assets (MYR Billion), 2007–2011
Table 22: Malaysian Life Insurance – Total Assets (MYR Billion), 2011–2016
Table 23: Malaysian Life Insurance – Total Investment Income (MYR Billion), 2007–2011
Table 24: Malaysian Life Insurance – Total Investment Income (MYR Billion), 2011–2016
Table 25: Malaysian Life Insurance – Retentions (MYR Billion), 2007–2011
Table 26: Malaysian Life Insurance – Retentions (MYR Billion), 2011–2016
Table 27: Individual Life Insurance – Volume (Thousand), 2007–2011
Table 28: Individual Life Insurance – Volume (Thousand), 2011–2016
Table 29: Individual Life Insurance – Written Premium (MYR Billion), 2007–2011
Table 30: Individual Life Insurance – Written Premium (MYR Billion), 2011–2016
Table 31: Individual Endowment Insurance – Volume (Thousand), 2007–2011
Table 32: Individual Endowment Insurance – Volume (Thousand), 2011–2016
Table 33: Individual Endowment Insurance – Written Premium (MYR Billion), 2007–2011
Table 34: Individual Endowment Insurance – Written Premium (MYR Billion), 2011–2016
Table 35: Individual Unit-Linked Insurance – Volume (Thousand), 2007–2011
Table 36: Individual Unit-Linked Insurance – Volume (Thousand), 2011–2016
Table 37: Individual Unit-Linked Insurance – Written Premium (MYR Billion), 2007–2011
Table 38: Individual Unit-Linked Insurance – Written Premium (MYR Billion), 2011–2016
Table 39: Individual Term Life Insurance – Volume (Thousand), 2007–2011
Table 40: Individual Term Life Insurance – Volume (Thousand), 2011–2016
Table 41: Individual Term Life Insurance – Written Premium (MYR Billion), 2007–2011
Table 42: Individual Term Life Insurance – Written Premium (MYR Billion), 2011–2016
Table 43: Other Individual Insurance – Volume (Thousand), 2007–2011
Table 44: Other Individual Insurance – Volume (Thousand), 2011–2016
Table 45: Other Individual Insurance – Written Premium (MYR Billion), 2007–2011
Table 46: Other Individual Insurance – Written Premium (MYR Billion), 2011–2016
Table 47: Group Life Insurance – Volume (Thousand), 2007–2011
Table 48: Group Life Insurance – Volume (Thousand), 2011–2016
Table 49: Group Life Insurance – Written Premium (MYR Billion), 2007–2011
Table 50: Group Life Insurance – Written Premium (MYR Billion), 2011–2016
Table 51: Individual Single-Premium Policies – Volume (Thousand), 2007–2011
Table 52: Individual Single-Premium Policies – Volume (Thousand), 2011–2016
Table 53: Individual Single-Premium Policies – Written Premium (MYR Billion), 2007–2011
Table 54: Individual Single-Premium Policies – Written Premium (MYR Billion), 2011–2016
Table 55: Individual Non-Single-Premium Policies – Volume (Thousand), 2007–2011
Table 56: Individual Non-Single-Premium Policies – Volume (Thousand), 2011–2016
Table 57: Individual Non-Single-Premium Policies – Written Premium (MYR Billion), 2007–2011
Table 58: Individual Non-Single-Premium Policies – Written Premium (MYR Billion), 2011–2016
Table 59: Group Single-Premium Policies – Volume (Thousand), 2007–2011
Table 60: Group Single-Premium Policies – Volume (Thousand), 2011–2016
Table 61: Group Single-Premium Policies – Written Premium (MYR Billion), 2007–2011
Table 62: Group Single-Premium Policies – Written Premium (MYR Billion), 2011–2016
Table 63: Group Non-Single-Premium Policies – Volume (Thousand), 2007–2011
Table 64: Group Non-Single-Premium Policies – Volume (Thousand), 2011–2016
Table 65: Group Non-Single-Premium Policies – Written Premium (MYR Billion), 2007–2011
Table 66: Group Non-Single-Premium Policies – Written Premium (MYR Billion), 2011–2016
Table 67: Malaysian Life Insurance – Direct Marketing Commission Paid (MYR Billion), 2007–2011
Table 68: Malaysian Life Insurance – Direct Marketing Commission Paid (MYR Billion), 2011–2016
Table 69: Malaysian Life Insurance – Written Premium Through Direct Marketing (MYR Billion), 2007–2011
Table 70: Malaysian Life Insurance – Written Premium Through Direct Marketing (MYR Billion), 2011–2016
Table 71: Malaysian Life Insurance – Policies Sold Through Direct Marketing (Thousand), 2007–2011
Table 72: Malaysian Life Insurance – Policies Sold Through Direct Marketing (Thousand), 2011–2016
Table 73: Malaysian Life Insurance – Number of Direct Marketing Distributors, 2007–2011
Table 74: Malaysian Life Insurance – Number of Direct Marketing Distributors, 2011–2016
Table 75: Malaysian Life Insurance – Bancassurance Commission Paid (MYR Billion), 2007–2011
Table 76: Malaysian Life Insurance – Bancassurance Commission Paid (MYR Billion), 2011–2016
Table 77: Malaysian Life Insurance – Written Premium Through Bancassurance (MYR Billion), 2007–2011
Table 78: Malaysian Life Insurance – Written Premium Through Bancassurance (MYR Billion), 2011–2016
Table 79: Malaysian Life Insurance – Policies Sold Through Bancassurance (Thousand), 2007–2011
Table 80: Malaysian Life Insurance – Policies Sold Through Bancassurance (Thousand), 2011–2016
Table 81: Malaysian Life Insurance – Number of Bancassurance Distributors, 2007–2011
Table 82: Malaysian Life Insurance – Number of Bancassurance Distributors, 2011–2016
Table 83: Malaysian Life Insurance – Commission Paid to Agencies (MYR Billion), 2007–2011
Table 84: Malaysian Life Insurance – Commission Paid to Agencies (MYR Billion), 2011–2016
Table 85: Malaysian Life Insurance – Written Premium Through Agencies (MYR Billion), 2007–2011
Table 86: Malaysian Life Insurance – Written Premium Through Agencies (MYR Billion), 2011–2016
Table 87: Malaysian Life Insurance – Policies Sold Through Agencies (Thousand), 2007–2011
Table 88: Malaysian Life Insurance – Policies Sold Through Agencies (Thousand), 2011–2016
Table 89: Malaysian Life Insurance – Number of Agencies, 2007–2011
Table 90: Malaysian Life Insurance – Number of Agencies, 2011–2016
Table 91: Malaysian Life Insurance – Commission Paid to Other Channels (MYR Billion), 2007–2011
Table 92: Malaysian Life Insurance – Commission Paid to Other Channels (MYR Billion), 2011–2016
Table 93: Malaysian Life Insurance – Written Premium Through Other Channels (MYR Billion), 2007–2011
Table 94: Malaysian Life Insurance – Written Premium Through Other Channels (MYR Billion), 2011–2016
Table 95: Malaysian Life Insurance – Policies Sold Through Other Channels (Thousand), 2007–2011
Table 96: Malaysian Life Insurance – Policies Sold Through Other Channels (Thousand), 2011–2016
Table 97: Malaysian Life Insurance – Number of Distributors in Other Channels, 2007–2011
Table 98: Malaysian Life Insurance – Number of Distributors in Other Channels, 2011–2016
Table 99: Malaysian Reinsurance – Market Size by Category (MYR Billion), 2007–2011
Table 100: Malaysian Reinsurance – Market Size by Category (US$ Billion), 2007–2011
Table 101: Malaysian Reinsurance – Market Size by Category (MYR Billion), 2011–2016
Table 102: Malaysian Reinsurance – Market Size by Category (US$ Billion), 2011–2016
Table 103: Malaysian Reinsurance – Premium Ceded by Insurance Segment (MYR Billion), 2007–2011
Table 104: Malaysian Reinsurance – Premium Ceded by Insurance Segment (US$ Billion), 2007–2011
Table 105: Malaysian Reinsurance – Premium Ceded by Insurance Segment (MYR Billion), 2011–2016
Table 106: Malaysian Reinsurance – Premium Ceded by Insurance Segment (US$ Billion), 2011–2016
Table 107: Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Table 108: Life Insurance – Percentage of Reinsurance Ceded (%),2011–2016
Table 109: Malaysian Life Insurance Market Shares (%), 2010
Table 110: Great Eastern Life Assurance (Malaysia) Bhd, Key Facts
Table 111: Great Eastern Life Assurance (Malaysia) Bhd, Main Products
Table 112: Great Eastern Life Assurance (Malaysia) Bhd, Key Employees
Table 113: American International Assurance Bhd, Key Facts
Table 114: American International Assurance Bhd, Main Products
Table 115: American International Assurance Bhd, Key Employees
Table 116: Hong Leong Assurance Bhd, Key Facts
Table 117: Hong Leong Assurance Bhd, Main Products
Table 118: Hong Leong Assurance Bhd, Key Employees
Table 119: Malaysian Assurance Alliance Bhd, Key Facts
Table 120: Malaysian Assurance Alliance Bhd, Main Products
Table 121: Malaysian Assurance Alliance Bhd, Key Employees
Table 122: Prudential Assurance Malaysia Bhd, Key Facts
Table 123: Prudential Assurance Malaysia Bhd, Main Products
Table 124: Prudential Assurance Malaysia Bhd, Key Employees
Table 125: AmLife Insurance Bhd, Key Facts
Table 126: AmLife Insurance Bhd, Main Products
Table 127: AmLife Insurance Bhd, Key Employees
Table 128: MCIS Zurich Insurance Bhd, Key Facts
Table 129: MCIS Zurich Insurance Bhd, Main Products
Table 130: MCIS Zurich Insurance Bhd, Key Employees
LIST OF FIGURES
Figure 1: Malaysian Insurance – Overall Written Premium by Insurance Segment (MYR Billion), 2007–2016
Figure 2: Malaysian Insurance – Market Dynamics by Insurance Segment, 2007–2016
Figure 3: Malaysian Life Insurance – Written Premium by Category (MYR Billion), 2007–2016
Figure 4: Malaysian Life Insurance – Written Premium by Category (% Share), 2011 and 2016
Figure 5: Malaysian Life Insurance – Dynamics by Category, 2007–2016
Figure 6: Malaysian Life Insurance – Incurred Loss (MYR Billion), 2007–2011
Figure 7: Malaysian Life Insurance – Incurred Loss (MYR Billion), 2011–2016
Figure 8: Malaysian Life Insurance – Loss Ratio (%), 2007–2011
Figure 9: Malaysian Life Insurance – Loss Ratio (%), 2011–2016
Figure 10: Malaysian Life Insurance – Commissions and Expenses (MYR Billion), 2007–2011
Figure 11: Malaysian Life Insurance – Commissions and Expenses (MYR Billion), 2011–2016
Figure 12: Malaysian Life Insurance – Combined Ratio (%), 2007–2011
Figure 13: Malaysian Life Insurance – Combined Ratio (%), 2011–2016
Figure 14: Malaysian Life Insurance – Frauds and Crimes (MYR Billion), 2007–2011
Figure 15: Malaysian Life Insurance – Frauds and Crimes (MYR Billion), 2011–2016
Figure 16: Malaysian Life Insurance – Total Assets (MYR Billion), 2007–2011
Figure 17: Malaysian Life Insurance – Total Assets (MYR Billion), 2011–2016
Figure 18: Malaysian Life Insurance – Total Investment Income (MYR Billion), 2007–2011
Figure 19: Malaysian Life Insurance – Total Investment Income (MYR Billion), 2011–2016
Figure 20: Malaysian Life Insurance – Retentions (MYR Billion), 2007–2011
Figure 21: Malaysian Life Insurance – Retentions (MYR Billion), 2011–2016
Figure 22: Malaysian Life Insurance – Investment Type (MYR Billion), 2007–2011
Figure 23: Malaysian Life Insurance – Investment Type, 2007 and 2011
Figure 24: Malaysian Life Insurance – Density and Penetration (%), 2007–2011
Figure 25: Malaysian Life Insurance – Number of Policies Sold (Thousand), 2007–2011
Figure 26: Malaysian Life Insurance – Number of Policies Sold (Thousand), 2011–2016
Figure 27: Malaysian Life Insurance – Premium Per Capita (MYR), 2007–2011
Figure 28: Individual Life Insurance – Volume (Thousand), 2007–2011
Figure 29: Individual Life Insurance – Volume (Thousand), 2011–2016
Figure 30: Individual Life Insurance – Written Premium (MYR Billion), 2007–2011
Figure 31: Individual Life Insurance – Written Premium (MYR Billion), 2011–2016
Figure 32: Individual Endowment Insurance – Volume (Thousand), 2007–2011
Figure 33: Individual Endowment Insurance – Volume (Thousand), 2011–2016
Figure 34: Individual Endowment Insurance – Written Premium (MYR Billion), 2007–2011
Figure 35: Individual Endowment Insurance – Written Premium (MYR Billion), 2011–2016
Figure 36: Individual Unit-Linked Insurance – Volume (Thousand), 2007–2011
Figure 37: Individual Unit-Linked Insurance – Volume (Thousand), 2011–2016
Figure 38: Individual Unit-Linked Insurance – Written Premium (MYR Billion), 2007–2011
Figure 39: Individual Unit-Linked Insurance – Written Premium (MYR Billion), 2011–2016
Figure 40: Individual Term Life Insurance – Volume (Thousand), 2007–2011
Figure 41: Individual Term Life Insurance – Volume (Thousand), 2011–2016
Figure 42: Individual Term Life Insurance – Written Premium (MYR Billion), 2007–2011
Figure 43: Individual Term Life Insurance – Written Premium (MYR Billion), 2011–2016
Figure 44: Other Individual Insurance – Volume (Thousand), 2007–2011
Figure 45: Other Individual Insurance – Volume (Thousand), 2011–2016
Figure 46: Other Individual Insurance – Written Premium (MYR Billion), 2007–2011
Figure 47: Other Individual Insurance – Written Premium (MYR Billion), 2011–2016
Figure 48: Group Life Insurance – Volume (Thousand), 2007–2011
Figure 49: Group Life Insurance – Volume (Thousand), 2011–2016
Figure 50: Group Life Insurance – Written Premium (MYR Billion), 2007–2011
Figure 51: Group Life Insurance – Written Premium (MYR Billion), 2011–2016
Figure 52: Individual Single-Premium Policies – Volume (Thousand), 2007–2011
Figure 53: Individual Single-Premium Policies – Volume (Thousand), 2011–2016
Figure 54: Individual Single-Premium Policies – Written Premium (MYR Billion), 2007–2011
Figure 55: Individual Single-Premium Policies – Written Premium (MYR Billion), 2011–2016
Figure 56: Individual Non-Single-Premium Policies – Volume (Thousand), 2007–2011
Figure 57: Individual Non-Single-Premium Policies – Volume (Thousand), 2011–2016
Figure 58: Individual Non-Single-Premium Policies – Written Premium (MYR Billion), 2007–2011
Figure 59: Individual Non-Single-Premium Policies – Written Premium (MYR Billion), 2011–2016
Figure 60: Group Single-Premium Policies – Volume (Thousand), 2007–2011
Figure 61: Group Single-Premium Policies – Volume (Thousand), 2011–2016
Figure 62: Group Single-Premium Policies – Written Premium (MYR Billion), 2007–2011
Figure 63: Group Single-Premium Policies – Written Premium (MYR Billion), 2011–2016
Figure 64: Group Non-Single-Premium Policies – Volume (Thousand), 2007–2011
Figure 65: Group Non-Single-Premium Policies – Volume (Thousand), 2011–2016
Figure 66: Group Non-Single-Premium Policies – Written Premium (MYR Billion), 2007–2011
Figure 67: Group Non-Single-Premium Policies – Written Premium (MYR Billion), 2011–2016
Figure 68: Malaysian Life Insurance New Business Written Premium by Distribution Channel (% Share), 2011 and 2016
Figure 69: Malaysian Life Insurance – Direct Marketing Commission Paid (MYR Billion), 2007–2011
Figure 70: Malaysian Life Insurance – Direct Marketing Commission Paid (MYR Billion), 2011–2016
Figure 71: Malaysian Life Insurance – Written Premium Through Direct Marketing (MYR Billion), 2007–2011
Figure 72: Malaysian Life Insurance – Written Premium Through Direct Marketing (MYR Billion), 2011–2016
Figure 73: Malaysian Life Insurance – Policies Sold Through Direct Marketing (Thousand), 2007–2011
Figure 74: Malaysian Life Insurance – Policies Sold Through Direct Marketing (Thousand), 2011–2016
Figure 75: Malaysian Life Insurance – Number of Direct Marketing Distributors, 2007–2011
Figure 76: Malaysian Life Insurance – Number of Direct Marketing Distributors, 2011–2016
Figure 77: Malaysian Life Insurance – Bancassurance Commission Paid (MYR Billion), 2007–2011
Figure 78: Malaysian Life Insurance – Bancassurance Commission Paid (MYR Billion), 2011–2016
Figure 79: Malaysian Life Insurance – Written Premium Through Bancassurance (MYR Billion), 2007–2011
Figure 80: Malaysian Life Insurance – Written Premium Through Bancassurance (MYR Billion), 2011–2016
Figure 81: Malaysian Life Insurance – Policies Sold Through Bancassurance (Thousand), 2007–2011
Figure 82: Malaysian Life Insurance – Policies Sold Through Bancassurance (Thousand), 2011–2016
Figure 83: Malaysian Life Insurance – Number of Bancassurance Distributors, 2007–2011
Figure 84: Malaysian Life Insurance – Number of Bancassurance Distributors, 2011–2016
Figure 85: Malaysian Life Insurance – Commission Paid to Agencies (MYR Billion), 2007–2011
Figure 86: Malaysian Life Insurance – Commission Paid to Agencies (MYR Billion), 2011–2016
Figure 87: Malaysian Life Insurance – Written Premium Through Agencies (MYR Billion), 2007–2011
Figure 88: Malaysian Life Insurance – Written Premium Through Agencies (MYR Billion), 2011–2016
Figure 89: Malaysian Life Insurance – Policies Sold Through Agencies (Thousand), 2007–2011
Figure 90: Malaysian Life Insurance – Policies Sold Through Agencies (Thousand), 2011–2016
Figure 91: Malaysian Life Insurance – Number of Agencies, 2007–2011
Figure 92: Malaysian Life Insurance – Number of Agencies, 2011–2016
Figure 93: Malaysian Life Insurance – Commission Paid to Other Channels (MYR Billion), 2007–2011
Figure 94: Malaysian Life Insurance – Commission Paid to Other Channels (MYR Billion), 2011–2016
Figure 95: Malaysian Life Insurance – Written Premium Through Other Channels (MYR Billion), 2007–2011
Figure 96: Malaysian Life Insurance – Written Premium Through Other Channels (MYR Billion), 2011–2016
Figure 97: Malaysian Life Insurance – Policies Sold Through Other Channels (Thousand), 2007–2011
Figure 98: Malaysian Life Insurance – Policies Sold Through Other Channels (Thousand), 2011–2016
Figure 99: Malaysian Life Insurance – Number of Distributors in Other Channels, 2007–2011
Figure 100: Malaysian Life Insurance – Number of Distributors in Other Channels, 2011–2016
Figure 101: Malaysian Life Insurance – Five Forces Analysis
Figure 102: Malaysian Reinsurance – Market Size by Category (MYR Billion), 2007–2016
Figure 103: Malaysian Reinsurance – Market Size by Category (% Share), 2011 and 2016
Figure 104: Malaysian Reinsurance – Market Dynamics by Category, 2007–2016
Figure 105: Malaysian Reinsurance – Premium Ceded by Insurance Segment (MYR Billion), 2007–2016
Figure 106: Malaysian Reinsurance – Market Dynamics by Insurance Segment, 2007–2016
Figure 107: Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Figure 108: Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016
Figure 109: Malaysia Life Insurance Market Share (%), 2010
Figure 110: Malaysia Business Confidence Indicator, Q12008–Q42010
Figure 111: Bursa Malaysia Stock Exchange Market Capitalization (US$ Billion), 2007– 2010
Figure 112: Malaysian GDP at Constant Prices (US$ Billion), 2007–2016
Figure 113: Malaysian GDP Per Capita at Constant Prices (US$), 2007–2016
Figure 114: Malaysian GDP at Current Prices (US$ Billion), 2007–2016
Figure 115: Malaysian GDP Per Capita at Current Prices (US$), 2007–2016
Figure 116: Malaysian GDP by Key Segments (%) 2007 and 2011
Figure 117: Malaysian Agriculture Net Output at Current Prices (MYR Billion), 2007–2016
Figure 118: Malaysian Agriculture Net Output at Current Prices (US$ Billion), 2007–2016
Figure 119: Malaysian Agriculture Net Output at Current Prices as a Percentage of GDP (%), 2007–2016
Figure 120: Malaysian Manufacturing Net Output at Current Prices (MYR Billion), 2007–2016
Figure 121: Malaysian Manufacturing Net Output at Current Prices (US$ Billion), 2007–2016
Figure 122: Malaysian Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2007–2016
Figure 123: Malaysian Mining, Manufacturing and Utilities Net Output at Current Prices (MYR Billion), 2007–2016
Figure 124: Malaysian Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 2007–2016
Figure 125: Malaysian Mining, Manufacturing and Utilities Net Output at Current Prices as a percentage of GDP (%), 2007–2016
Figure 126: Malaysian Construction Net Output at Current Prices (MYR Billion), 2007–2016
Figure 127: Malaysian Construction Net Output at Current Prices (US$ Billion), 2007–2016
Figure 128: Malaysian Construction Output at Current Prices as a Percentage of GDP (%), 2007–2016
Figure 129: Malaysian Inflation Rate (%), 2007–2016
Figure 130: Malaysian Fiscal Balance as a Percentage of GDP(%), 2007–2011
Figure 131: Malaysian Current Account Balance as a Percentage of GDP (%), 2007–2011
Figure 132: Malaysian Exports as a Percentage of GDP (%), 2007–2016
Figure 133: Malaysian Imports as a Percentage of GDP (%), 2007–2016
Figure 134: Malaysian Exports Growth (%), 2007–2016
Figure 135: Malaysian Imports Growth (%), 2007–2016
Figure 136: Malaysian External Debt as a Percentage of GDP (%), 2007–2011
Figure 137: Malaysian Annual Average Exchange Rate US$–MYR, 2007–2011
Figure 138: Malaysian End-of-Period Exchange Rate US$–MYR, 2007–2011
Figure 139: Total Number of Malaysian Airports and Sea Ports, 2011
Figure 140: Malaysian Railways and Roadways (Kilometers), 2011
Figure 141: Malaysian Passenger Vehicle Production, 2007–2016
Figure 142: Malaysian Commercial Vehicle Production, 2007–2016
Figure 143: Malaysian Automotive Component Exports (US$ Billion), 2007–2016
Figure 144: Malaysian Automotive Component Imports (US$ Billion), 2007–2016
Figure 145: Malaysian Passenger Car Penetration (per ‘000 people), 2007–2016
Figure 146: Malaysian Healthcare Expenditure (US$ Billion), 2007–2016
Figure 147: Malaysian Healthcare Expenditure as a Percentage of GDP (%), 2007–2016
Figure 148: Malaysian Per Capita Healthcare Expenditure (US$), 2007–2016
Figure 149: Malaysian Internet Subscriptions (Millions), 2007–2016
Figure 150: Malaysian Size of Labor Force in 15–59 Age Group (Million), 2007–2016
Figure 151: Malaysian Unemployment Rate (%), 2007–2016
Figure 152: Malaysian Annual Disposable Income (US$ Billion), 2007–2016
Figure 153: Malaysian Annual Per Capita Disposable Income (US$), 2007–2016
Figure 154: Malaysian Total Population (Million), 2007–2016
Figure 155: Malaysian Urban and Rural Population (%), 2007–2016
Figure 156: Malaysian Female as Percentage of Population (%), 2007–2016
Figure 157: Malaysian Male as Percentage of Population (%), 2007–2016
Figure 158: Malaysian Mean Age of Population (Years), 2007–2016
Figure 159: Malaysian Median Age of Population (Years), 2007–2016
Figure 160: Malaysian Population Density (per Square Kilometer), 2007–2016
Figure 161: Malaysian Population Distribution by Age (%), 2007–2016
Figure 162: Malaysian Male Population Distribution by Age (%), 2007–2016
Figure 163: Malaysian Female Population Distribution by Age (%), 2007–2016
Figure 164: Malaysian Households, Number of (Million), 2007–2016
Figure 165: Global Terrorism Heat Map, 2011
Figure 166: Malaysian Transparency Index, 2007–2011
COMPANIES MENTIONED
Great Eastern
Mayban Life
Hong Leong
Malaysian Assurance Alliance
Prudential
AM Life
MCIS Zurich
