Malaysia Insurance Report Q3 2016

Date: June 1, 2016
Pages: 50
Price:
US$ 1,295.00
Publisher: BMI RESEARCH
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: ME4E05CE897EN
Leaflet:

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Includes 3 FREE quarterly updates

BMI View: Although premiums in both the non-life and life segments of Malaysia's insurance sector are increasing at single-digit rates, there remain good prospects for profitable growth by the leading insurers. Most of the major insurers have strengths that they are able to leverage such as ability to innovate, multichannel distribution, access to global capital markets and well-established brands. Many are providing takaful solutions.

Latest Updates And Forecasts
  • In Q316, we are not making changes to our forecasts for Malaysia's life insurance segment. We continue to expect growth in gross life insurance premiums to slow over the course of the forecast period from just over 5% in 2015, to just below 4% in 2020. Other metrics, such as the strong rises in new business premiums and value of new business for many of the leading companies over the course of 2015, provide a better indication of the opportunities. Life insurance is well established as a conduit for organisedsavings among those households who understand it and value it: many of them are moving from contributing premiums to drawing down benefits. Nevertheless, the world class life insurers who dominate the segment are leveraging their various strengths to reach first time customers.
  • Even by the standards of South East and East Asia, Malaysia remains one of the most dynamic life insurance markets globally. Unsurprisingly, the majors all see the country as a key part of their global/ regional footprint. Family Takaful remains a relatively fast growing part of the market.
BMI Industry View
  Table: Headline Insurance Forecasts (Malaysia 2013-2020)
SWOT
Insurance
Industry Forecast
Life Premiums Forecast
  Table: Life Premiums (Malaysia 2013-2020)
  Table: Life Insurance Claims (Malaysia 2008-2014)
Non-Life Premiums Forecast
  Table: Non-Life Premiums (Malaysia 2013-2020)
  Table: Non-Life Insurance Claims (Malaysia 2009-2014)
Non-Life Sub-Sector Forecast
  Table: Non-Life Insurance Premiums by Product Line (Malaysia 2013-2020)
Industry Risk Reward Ratings
Asia Pacific Industry Risk/Reward Index
  Table: Asia Pacific Insurance Risk/Reward Index Q316
Market Overview
Life Market Overview
The Product Offering
The Competitive Landscape
  Table: Life Insurance Market (USDmn) 2008-2012
  Table: Life Insurance Market (%) 2008-2012
Non-Life Market Overview
The Product Offering
The Competitive Landscape
  Table: Non-Life Insurance Market (USDmn) 2008-2012
  Table: Non-Life Insurance Market (%) 2008-2012
Company Profile
Allianz
Manulife Financial
Syarikat Takaful Malaysia Bhd
Methodology
Industry Forecast Methodology
Risk/Reward Index Methodology
  Table: Indicators
  Table: Weighting of Indicators
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