Synopsis
The report provides market analysis, information and insights into the Malaysian reinsurance market, including:
Summary
The Malaysian reinsurance segment experienced a price increase of up to XX% due to the 2010–2011 floods, which affected Northern Malaysia in the November 2010 and Southern Malaysia in January 2011. Further, with the introduction of risk based capital in 2009 the Malaysian reinsurance segment experienced a period of consolidation, which is expected to continue through 2012.
During the review period, the Malaysian government liberalized the reinsurance segment and allowed international reinsurers and brokers to operate in the country. In addition to liberalizing the reinsurance segment, the Malaysian government offered various incentives and benefits to foreign companies in order to encourage these companies to establish operations in the region. These incentives included the removal of sales tax, excise and import duties. The locally reinsurers underwrite a sizeable share of domestic reinsurance non-life business while most regular premium life reinsurance business is ceded to the international reinsurers.
Scope
This report provides an analysis of the reinsurance market in Malaysia:
Key Highlights
The report provides market analysis, information and insights into the Malaysian reinsurance market, including:
- The Malaysian reinsurance market’s growth prospects by reinsurance categories
- The Malaysian reinsurance market’s growth prospects by reinsurance ceded from direct insurance segments
- The competitive landscape in the Malaysian reinsurance market
Summary
The Malaysian reinsurance segment experienced a price increase of up to XX% due to the 2010–2011 floods, which affected Northern Malaysia in the November 2010 and Southern Malaysia in January 2011. Further, with the introduction of risk based capital in 2009 the Malaysian reinsurance segment experienced a period of consolidation, which is expected to continue through 2012.
During the review period, the Malaysian government liberalized the reinsurance segment and allowed international reinsurers and brokers to operate in the country. In addition to liberalizing the reinsurance segment, the Malaysian government offered various incentives and benefits to foreign companies in order to encourage these companies to establish operations in the region. These incentives included the removal of sales tax, excise and import duties. The locally reinsurers underwrite a sizeable share of domestic reinsurance non-life business while most regular premium life reinsurance business is ceded to the international reinsurers.
Scope
This report provides an analysis of the reinsurance market in Malaysia:
- It provides historical values for Malaysia’s reinsurance market for the report’s 2007–2011 review period and forecast figures for the 2011–2016 forecast period
- It offers a analysis of the key sub-segments in Malaysia’s reinsurance market, along with market forecasts until 2016
- It provides values for the reinsurance ceded from various direct insurance markets in Malaysia and its growth prospects
- It profiles the top reinsurance company in Malaysia
Key Highlights
- Make strategic business decisions using historic and forecast market data related to the Malaysian reinsurance market and each sector within it
- Understand the demand-side dynamics, key market trends and growth opportunities within the Malaysian reinsurance market
- Assess the competitive dynamics in the reinsurance market
- Identify the growth opportunities and market dynamics within key product categories
1 INTRODUCTION
1.1 What is this Report About?
1.2 Definitions
1.3 Methodology
2 MALAYSIAN INSURANCE INDUSTRY ATTRACTIVENESS
2.1 Malaysian Insurance Industry
2.2 Reinsurance Growth Dynamics and Challenges
2.2.1 Reinsurance market size, 2007-2016
2.2.2 Reinsurance market size by insurance segment, 2007-2016
3 KEY INDUSTRY TRENDS AND DRIVERS
3.1 Fundamental Business Drivers
3.2 Life Insurance Segment Drivers
3.3 Non-Life Insurance Segment Drivers
3.4 Personal Accident and Health Insurance Segment Drivers
4 COMPETITIVE LANDSCAPE AND STRATEGIC INSIGHTS
4.1 Overview
4.2 Leading Companies in the Malaysian Reinsurance Segment
4.3 Malaysian Reinsurance Berhad - Company Overview
4.3.1 Malaysian Reinsurance Berhad - key facts
4.3.2 Malaysian Reinsurance Berhad - main products
4.3.3 Malaysian Reinsurance Berhad - main competitors
4.3.4 Malaysian Reinsurance Berhad - key employees
4.4 Hannover Re Group - Company Overview
4.4.1 Hannover Re Group - key facts
4.4.2 Hannover Re Group - main products
4.4.3 Hannover Re Group - main competitors
4.4.4 Hannover Re Group - key employees
4.5 Asia Capital Reinsurance Group Co. - Company Overview
4.5.1 Asia Capital Reinsurance Group Co. - key facts
4.5.2 Asia Capital Reinsurance Group Co. - main products
4.5.3 Asia Capital Reinsurance Group Co. - main competitors
4.5.4 Asia Capital Reinsurance Group Co. - key employees
4.6 Munich Re (Malaysia) - Company Overview
4.6.1 Munich Re (Malaysia) - key facts
4.6.2 Munich Re (Malaysia) - main products
4.6.3 Munich Re (Malaysia) - main competitors
4.6.4 Munich Re (Malaysia) - key employees
4.7 Swiss Re - Company Overview
4.7.1 Swiss Re - key facts
4.7.2 Swiss Re - main products
4.7.3 Swiss Re - main competitors
4.7.4 Swiss Re - key employees
4.8 The Toa Reinsurance Company Limited (Malaysia) - Company Overview
4.8.1 The Toa Reinsurance Company Limited (Malaysia) - key facts
4.8.2 The Toa Reinsurance Company Limited (Malaysia) - main products
4.8.3 The Toa Reinsurance Company Limited (Malaysia) - main competitors
4.8.4 The Toa Reinsurance Company Limited (Malaysia) - key employees
5 APPENDIX
5.1 Methodology
5.2 Contact Us
5.3 About Timetric
5.4 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 Reinsurance - Market Size by Category (MYR Billion), 2007-2011
Table 8: Malaysian Reinsurance - Market Size by Category (US$ Billion), 2007-2011
Table 9: Malaysian Reinsurance - Market Size by Category (MYR Billion), 2011-2016
Table 10: Malaysian Reinsurance - Market Size by Category (US$ Billion), 2011-2016
Table 11: Malaysian Reinsurance - Premium Ceded by Insurance Segment (MYR Billion), 2007-2011
Table 12: Malaysian Reinsurance - Premium Ceded by Insurance Segment (US$ Billion), 2007-2011
Table 13: Malaysian Reinsurance - Premium Ceded by Insurance Segment (MYR Billion), 2011-2016
Table 14: Malaysian Reinsurance - Premium Ceded by Insurance Segment (US$ Billion), 2011-2016
Table 15: Life Insurance - Percentage of Reinsurance Ceded (%), 2007-2011
Table 16: Life Insurance - Percentage of Reinsurance Ceded (%),2011-2016
Table 17: Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2007-2011
Table 18: Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2011-2016
Table 19: Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2007-2011
Table 20: Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2011-2016
Table 21: Leading Companies in the Reinsurance Market, Malaysia
Table 22: Malaysian Reinsurance Berhad, Key Facts
Table 23: Malaysian Reinsurance Berhad, Main Products
Table 24: Malaysian Reinsurance Berhad, Key Employees
Table 25: Hannover Re Group, Key Facts
Table 26: Hannover Re Group, Main Products
Table 27: Hannover Re Group, Key Employees
Table 28: Asia Capital Reinsurance Group Co., Key Facts
Table 29: Asia Capital Reinsurance Group Co., Main Products
Table 30: Asia Capital Reinsurance Group Co., Key Employees
Table 31: Munich Re (Malaysia), Key Facts
Table 32: Munich Re (Malaysia), Main Products
Table 33: Munich Re (Malaysia), Key Employees
Table 34: Swiss Re, Key Facts
Table 35: Swiss Re, Main Products
Table 36: Swiss Re, Key Employees
Table 37: The Toa Reinsurance Company Limited (Malaysia), Key Facts
Table 38: The Toa Reinsurance Company Limited (Malaysia), Main Products
Table 39: The Toa Reinsurance Company Limited (Malaysia), 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 Reinsurance - Market Size by Category (MYR Billion), 2007-2016
Figure 4: Malaysian Reinsurance - Market Size by Category (% Share), 2011 and 2016
Figure 5: Malaysian Reinsurance - Market Dynamics by Category, 2007-2016
Figure 6: Malaysian Reinsurance - Premium Ceded by Insurance Segment (MYR Billion), 2007-2016
Figure 7: Malaysian Reinsurance - Market Dynamics by Insurance Segment, 2007-2016
Figure 8: Life Insurance - Percentage of Reinsurance Ceded (%), 2007-2011
Figure 9: Life Insurance - Percentage of Reinsurance Ceded (%), 2011-2016
Figure 10: Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2007-2011
Figure 11: Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2011-2016
Figure 12: Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2007-2011
Figure 13: Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2011-2016
COMPANIES MENTIONED
Malaysian Reinsurance Berhad
Hannover Re Group
Asia Capital Reinsurance Group Co.
Munich Re (Malaysia)
Swiss Re
The Toa Reinsurance Company Limited (Malaysia)
1.1 What is this Report About?
1.2 Definitions
1.3 Methodology
2 MALAYSIAN INSURANCE INDUSTRY ATTRACTIVENESS
2.1 Malaysian Insurance Industry
2.2 Reinsurance Growth Dynamics and Challenges
2.2.1 Reinsurance market size, 2007-2016
2.2.2 Reinsurance market size by insurance segment, 2007-2016
3 KEY INDUSTRY TRENDS AND DRIVERS
3.1 Fundamental Business Drivers
3.2 Life Insurance Segment Drivers
3.3 Non-Life Insurance Segment Drivers
3.4 Personal Accident and Health Insurance Segment Drivers
4 COMPETITIVE LANDSCAPE AND STRATEGIC INSIGHTS
4.1 Overview
4.2 Leading Companies in the Malaysian Reinsurance Segment
4.3 Malaysian Reinsurance Berhad - Company Overview
4.3.1 Malaysian Reinsurance Berhad - key facts
4.3.2 Malaysian Reinsurance Berhad - main products
4.3.3 Malaysian Reinsurance Berhad - main competitors
4.3.4 Malaysian Reinsurance Berhad - key employees
4.4 Hannover Re Group - Company Overview
4.4.1 Hannover Re Group - key facts
4.4.2 Hannover Re Group - main products
4.4.3 Hannover Re Group - main competitors
4.4.4 Hannover Re Group - key employees
4.5 Asia Capital Reinsurance Group Co. - Company Overview
4.5.1 Asia Capital Reinsurance Group Co. - key facts
4.5.2 Asia Capital Reinsurance Group Co. - main products
4.5.3 Asia Capital Reinsurance Group Co. - main competitors
4.5.4 Asia Capital Reinsurance Group Co. - key employees
4.6 Munich Re (Malaysia) - Company Overview
4.6.1 Munich Re (Malaysia) - key facts
4.6.2 Munich Re (Malaysia) - main products
4.6.3 Munich Re (Malaysia) - main competitors
4.6.4 Munich Re (Malaysia) - key employees
4.7 Swiss Re - Company Overview
4.7.1 Swiss Re - key facts
4.7.2 Swiss Re - main products
4.7.3 Swiss Re - main competitors
4.7.4 Swiss Re - key employees
4.8 The Toa Reinsurance Company Limited (Malaysia) - Company Overview
4.8.1 The Toa Reinsurance Company Limited (Malaysia) - key facts
4.8.2 The Toa Reinsurance Company Limited (Malaysia) - main products
4.8.3 The Toa Reinsurance Company Limited (Malaysia) - main competitors
4.8.4 The Toa Reinsurance Company Limited (Malaysia) - key employees
5 APPENDIX
5.1 Methodology
5.2 Contact Us
5.3 About Timetric
5.4 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 Reinsurance - Market Size by Category (MYR Billion), 2007-2011
Table 8: Malaysian Reinsurance - Market Size by Category (US$ Billion), 2007-2011
Table 9: Malaysian Reinsurance - Market Size by Category (MYR Billion), 2011-2016
Table 10: Malaysian Reinsurance - Market Size by Category (US$ Billion), 2011-2016
Table 11: Malaysian Reinsurance - Premium Ceded by Insurance Segment (MYR Billion), 2007-2011
Table 12: Malaysian Reinsurance - Premium Ceded by Insurance Segment (US$ Billion), 2007-2011
Table 13: Malaysian Reinsurance - Premium Ceded by Insurance Segment (MYR Billion), 2011-2016
Table 14: Malaysian Reinsurance - Premium Ceded by Insurance Segment (US$ Billion), 2011-2016
Table 15: Life Insurance - Percentage of Reinsurance Ceded (%), 2007-2011
Table 16: Life Insurance - Percentage of Reinsurance Ceded (%),2011-2016
Table 17: Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2007-2011
Table 18: Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2011-2016
Table 19: Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2007-2011
Table 20: Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2011-2016
Table 21: Leading Companies in the Reinsurance Market, Malaysia
Table 22: Malaysian Reinsurance Berhad, Key Facts
Table 23: Malaysian Reinsurance Berhad, Main Products
Table 24: Malaysian Reinsurance Berhad, Key Employees
Table 25: Hannover Re Group, Key Facts
Table 26: Hannover Re Group, Main Products
Table 27: Hannover Re Group, Key Employees
Table 28: Asia Capital Reinsurance Group Co., Key Facts
Table 29: Asia Capital Reinsurance Group Co., Main Products
Table 30: Asia Capital Reinsurance Group Co., Key Employees
Table 31: Munich Re (Malaysia), Key Facts
Table 32: Munich Re (Malaysia), Main Products
Table 33: Munich Re (Malaysia), Key Employees
Table 34: Swiss Re, Key Facts
Table 35: Swiss Re, Main Products
Table 36: Swiss Re, Key Employees
Table 37: The Toa Reinsurance Company Limited (Malaysia), Key Facts
Table 38: The Toa Reinsurance Company Limited (Malaysia), Main Products
Table 39: The Toa Reinsurance Company Limited (Malaysia), 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 Reinsurance - Market Size by Category (MYR Billion), 2007-2016
Figure 4: Malaysian Reinsurance - Market Size by Category (% Share), 2011 and 2016
Figure 5: Malaysian Reinsurance - Market Dynamics by Category, 2007-2016
Figure 6: Malaysian Reinsurance - Premium Ceded by Insurance Segment (MYR Billion), 2007-2016
Figure 7: Malaysian Reinsurance - Market Dynamics by Insurance Segment, 2007-2016
Figure 8: Life Insurance - Percentage of Reinsurance Ceded (%), 2007-2011
Figure 9: Life Insurance - Percentage of Reinsurance Ceded (%), 2011-2016
Figure 10: Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2007-2011
Figure 11: Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2011-2016
Figure 12: Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2007-2011
Figure 13: Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2011-2016
COMPANIES MENTIONED
Malaysian Reinsurance Berhad
Hannover Re Group
Asia Capital Reinsurance Group Co.
Munich Re (Malaysia)
Swiss Re
The Toa Reinsurance Company Limited (Malaysia)