Malaysia Insurance Sector Report 2021-2022

Malaysia has a long-established insurance sector, with some leading insurers present in the market for over a century. Malaysia also has a world-leading takaful* industry, in line with the government’s ambitions to turn the country into a global Islamic finance hub. Malaysia continues to provide significant growth opportunities for insurers. According to Swiss Re, general insurance penetration in Malaysia was only 1.4% of GDP in 2019, compared with the global average of 3.9%. Further, only 55% of the Malaysian population in 2019 had any form of life insurance coverage, suggesting there remains considerable room for growth. Thus, the government has put in place a policy environment conducive to growing insurance penetration.​

This report provides a complete and detailed analysis of the insurance sector for Malaysia. EMIS Insights presents in-depth business intelligence in a standard format across countries and regions, providing a balanced mix between analysis and data.

What this report allows you to do:

• Understand the key elements at play in the insurance sector in Malaysia
• Access forecasts for growth in the sector
• View key data on insurance premiums and claims in Malaysia.
• Crystallise the forces both driving and restraining this sector in Malaysia
• Assess market share for the life insurance, non-life and reinsurance sectors
• Ascertain Malaysia’s position in the global sector
• Understand the competitive landscape and who the major players are
• View M&A activity and major deals
• Gain an understanding of the regulatory environment for the sector in Malaysia
• Build a clear picture of trends and issues for sub-sectors (life insurance, non-life insurance, reinsurance) and for retail channels.

See below for a complete table of report contents: