Malaysia Non-Life Insurance Market Summary, Competitive Analysis and Forecast to 2027

February 2023 | 42 pages | ID: MFB31E106B62EN
MarketLine

Abstracts

Malaysia Non-Life Insurance Market @Summary, Competitive Analysis and Forecast to 2027

SUMMARY

Non-Life Insurance in Malaysia industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

KEY HIGHLIGHTS

• The non-life insurance market consists of the general insurance market segmented into motor, property, liability and other insurance. The other segment is made up of non-life insurance products including health, travel, and accident cover among others. The value of the non-life insurance market is shown in terms of gross premium incomes. Gross premium income is defined as the insurer’s premium income for the year from its policies, calculated without reduction for reinsurance premiums paid or payable by the insurer.
• The Malaysian non-life insurance market had total gross written premiums of $5.4 million in 2022, representing a compound annual growth rate (CAGR) of 2.9% between 2017 and 2022.
• The Motor segment accounted for the market's largest proportion in 2022, with total gross written premiums of $2.4 million, equivalent to 44.2% of the market's overall value.
• The government is also taking various initiatives to boost e-commerce sales in the country, including the ‘Go-eCommerce Onboarding campaign’ to help SMEs to go online, providing them with financial aid and subsidies.

SCOPE

• Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the non-life insurance market in Malaysia
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in Malaysia
• Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
• Add weight to presentations and pitches by understanding the future growth prospects of the Malaysia non-life insurance market with five year forecasts by both value and volume

REASONS TO BUY

• What was the size of the Malaysia non-life insurance market by value in 2022?
• What will be the size of the Malaysia non-life insurance market in 2027?
• What factors are affecting the strength of competition in the Malaysia non-life insurance market?
• How has the market performed over the last five years?
• Who are the top competitors in Malaysia's non-life insurance market?

Contents

1 EXECUTIVE SUMMARY

1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive landscape

2 MARKET OVERVIEW

2.1. Market definition
2.2. Market analysis

3 MARKET DATA

3.1. Market value

4 MARKET SEGMENTATION

4.1. Category segmentation
4.2. Geography segmentation

5 MARKET OUTLOOK

5.1. Market value forecast

6 FIVE FORCES ANALYSIS

6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry

7 COMPETITIVE LANDSCAPE

7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do leading players follow?
7.4. What approach have the leading players followed to improve their ESG and sustainability measures?
7.5. How has the COVID-19 outbreak impacted the market?

8 COMPANY PROFILES

8.1. Allianz SE
8.2. AmGeneral Insurance Bhd
8.3. Lonpac Insurance Bhd
8.4. MSIG Insurance (Malaysia) Bhd

9 MACROECONOMIC INDICATORS

9.1. Country data

10 APPENDIX

10.1. Methodology
10.2. About MarketLine

List Of Tables

LIST OF TABLES

Table 1: Malaysia non-life insurance market value: $ billion, 2017-22(e)
Table 2: Malaysia non–life insurance market category segmentation: % share, by value, 2017–2022(e)
Table 3: Malaysia non-life insurance market category segmentation: $ billion, 2017-2022
Table 4: Malaysia non–life insurance market geography segmentation: $ billion, 2022(e)
Table 5: Malaysia non-life insurance market value forecast: $ billion, 2022-27
Table 6: Malaysia non-life insurance market share: % share, by value, 2022(e)
Table 7: Allianz SE: key facts
Table 8: Allianz SE: Annual Financial Ratios
Table 9: Allianz SE: Key Employees
Table 10: Allianz SE: Key Employees Continued
Table 11: AmGeneral Insurance Bhd: key facts
Table 12: AmGeneral Insurance Bhd: Key Employees
Table 13: Lonpac Insurance Bhd: key facts
Table 14: Lonpac Insurance Bhd: Key Employees
Table 15: MSIG Insurance (Malaysia) Bhd: key facts
Table 16: MSIG Insurance (Malaysia) Bhd: Key Employees
Table 17: Malaysia size of population (million), 2018–22
Table 18: Malaysia gdp (constant 2005 prices, $ billion), 2018–22
Table 19: Malaysia gdp (current prices, $ billion), 2018–22
Table 20: Malaysia inflation, 2018–22
Table 21: Malaysia consumer price index (absolute), 2018–22
Table 22: Malaysia exchange rate, 2017–21

List Of Figures

LIST OF FIGURES

Figure 1: Malaysia non-life insurance market value: $ billion, 2017-22(e)
Figure 2: Malaysia non-life insurance market category segmentation: $ billion, 2017-2022
Figure 3: Malaysia non–life insurance market geography segmentation: % share, by value, 2022(e)
Figure 4: Malaysia non-life insurance market value forecast: $ billion, 2022-27
Figure 5: Forces driving competition in the non-life insurance market in Malaysia, 2022
Figure 6: Drivers of buyer power in the non-life insurance market in Malaysia, 2022
Figure 7: Drivers of supplier power in the non-life insurance market in Malaysia, 2022
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Malaysia, 2022
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Malaysia, 2022
Figure 10: Drivers of degree of rivalry in the non-life insurance market in Malaysia, 2022
Figure 11: Malaysia non-life insurance market share: % share, by value, 2022(e)