The Malaysian insurance industry is considered to be one of the promising insurance industries in South East Asia, with the industry registering stable growth in written premiums during the review period (2007–2011). Meanwhile, the reinsurance segment also showed healthy growth during the review period. The reinsurance segment is expected to continue recording strong growth over the forecast period (2012–2016). This will be supported by the country’s improving economic condition, expanding real estate industry and increasing access to credit markets with a rising number of Malaysians owning bank accounts. In particular, increasing property insurance policy sales to protect against natural disasters, such as flooding, that often affect the country will encourage non-life insurance companies to cede premium to reinsurance companies in order to mitigate their risks from natural disasters.
Scope
This report provides a comprehensive analysis of the reinsurance market in Malaysia:
Reasons To Buy
Key Highlights
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