Malaysia Insurance Report Q3 2015

Date: May 27, 2015
Pages: 67
US$ 1,295.00
Report type: Strategic Report
Delivery: Download

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Includes 3 FREE quarterly updates

BMI View: We have a positive outlook for the Malaysian life and non-life insurance segments throughout our forecast period. On the back of ongoing economic growth, improved consumer awareness and demographic changes, we forecast healthy growth in both segments and fruitful opportunities for future investment. These opportunities will also particularly pertain to foreign firms seeking to enter the Malaysian non-life insurance market, which are likely todo so by acquiring less-capitalised local insurers.

Malaysia's life insurance segment constitutes the larger segment of the country's overall insurance sector, as it will account for 68% of total written premiums in 2015. In terms of growth potential, however, we expect that both life and non-life insurance will share a similarly rapid rate of growth throughout the five-year forecast period - roughly 6% on average per year. Several important ongoing developments underlie the positive outlook of life insurance. First and foremost, as is the case in most countries, though marginally, Malaysia will see the average life expectancy of its population increase in the coming years, which, in turn, will transfer to a growing 65+ population. This portion of any population is naturally more inclined to purchase life insurance solutions, as these retirees will seek more security as they grow older. Importantly, this trend is expected to persist in the longer term as the Malaysian government increases its commitment to providing improved healthcare provision and access to medicines, on account of the rising number of noncommunicable diseases. Finally, especially in the long term, Malaysia's economic strengthening and improvements in the population's disposable income should render the Malaysian people better able to afford life insurance solutions. Accordingly, we see clear opportunities for future investment in life insurance.
BMI Industry View
Operational Risk
Industry Forecast
Life Premiums Forecast
Gross Premiums
  Table: Gross Life Premiums Written (Malaysia 2012-2019)
Life Claims
  Table: Life Insurance Claims (Malaysia 2007-2014)
Life Assets
  Table: Assets (Malaysia 2007-2014)
Life Drivers
  Table: Life Expectancy by Gender (Malaysia 2012-2019)
  Table: Demographic Breakdown (Malaysia 2012-2019)
Non-Life Premiums Forecast
Gross Non-Life Premiums
  Table: Gross Non-Life Premiums Written (Malaysia 2012-2019)
  Table: Net Non-Life Premiums Written (Malaysia 2012-2019)
  Table: Reinsurance Non-Life Premiums Written (Malaysia 2012-2019)
Non-Life Claims
  Table: Non-Life Insurance Claims (Malaysia 2007-2014)
  Table: Non-Life Insurance Claims by Line (Malaysia 2008-2013)
Non-Life Assets
  Table: Non-Life Insurers' Assets (Malaysia 2007-2014)
Non-Life Sub-Sector Forecast
  Table: Non-Life % Breakdown (Malaysia 2012-2019)
Motor Vehicle and Transport Insurance
  Table: Motor Vehicle Insurance (Malaysia 2012-2019)
  Table: Insurance Key Drivers, Autos (Malaysia 2012-2019)
  Table: Transport Insurance (Malaysia 2012-2019)
  Table: Insurance Key Drivers, Freight Tonnage (Malaysia 2012-2019)
Property Insurance
  Table: Property Insurance (Malaysia 2012-2019)
Health and Personal Accident Insurance
  Table: Health and Personal Accident Insurance (Malaysia 2012-2019)
  Table: Insurance Key Drivers, Private Health Expenditure (Malaysia 2012-2019)
General Liability Insurance
  Table: General Liability Insurance (Malaysia 2012-2019)
Industry Risk Reward Ratings
Asia Pacific Industry Risk/Reward Index
  Table: Asia Pacific Insurance Risk/Reward Index
Market Overview
Life Market Overview
  Table: Life Insurance Market (USDmn) 2008-2012
  Table: Life Insurance Market (%) 2008-2012
Non-Life Market Overview
  Table: Non-Life Insurance Market (USDmn) 2008-2012
  Table: Non-Life Insurance Market (%) 2008-2012
Company Profile
Manulife Financial
Syarikat Takaful Malaysia Bhd
Demographic Forecast
  Table: Population Headline Indicators (Malaysia 1990-2025)
  Table: Key Population Ratios (Malaysia 1990-2025)
  Table: Urban/Rural Population & Life Expectancy (Malaysia 1990-2025)
  Table: Population By Age Group (Malaysia 1990-2025)
  Table: Population By Age Group % (Malaysia 1990-2025)
Industry Forecast Methodology
Risk/Reward Index Methodology
  Table: Indicators
  Table: Weighting of Indicators
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