Malaysia Insurance Report Q1 2010
Business Monitor International, January 2010, Pages: 102
The Malaysia Insurance Report provides industry professionals and strategists, corporate analysts, insurance associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Malaysia's insurance industry.
In this report, we provide a breakdown of the insurance sector by line – from the point of view of the regulator or the trade association. In Malaysia, for instance, the largest non-life lines in calendar 2008 were Land Vehicles Voluntary Insurance (CASCO), Medical Exp. & Personal Accident, and Marine, Aviation and Transport. These accounted for 39%, 13% and 11%, respectively, of total non-life premiums. Over time, we should be able to use this information to bring greater sophistication to our forecasting process.
Writing in December 2009, we have been able to ensure that the report includes actual data for 2008. We have generally been able to use data that have been published over the course of 2009 to adjust our estimates for the year as a whole. We have also extended the forecasts out to 2014. We are looking for total premiums in 2009 of MYR35,324mn. This includes non-life premiums of MYR10,834mn and life premiums of MYR24,490mn. In 2014, the corresponding figures should be MYR65,833mn, MYR20,349mn and MYR45,484mn. In terms of the key drivers that underpin our forecasts, we are looking for non-life penetration to rise from 1.58% in 2009 to 2.11% in 2014, and for life density to rise from US$254 to US$521. BMI’s proprietary Insurance Business Environment Rating for Malaysia is 63.5.
This quarter we include a discussion of developments within regional markets on the basis of results published by major cross-border companies in relation to Q209 or Q309 and the latest information provided by regulators and/or trade associations. Aside from Singapore, most of the markets of South East Asia represent small portions of the regional businesses of cross-border insurers in Asia Pacific. The individual markets of South East Asia, other than Singapore, typically represent a small portion of the regional business of the various multinational insurers who are active across the region. Nevertheless, it is significant that many of the larger cross-border groups commented favourably on the performance of their operations in Malaysia, Philippines, Thailand, Vietnam and Indonesia in the first six or first nine months of 2009. Improving perceptions of risk on the part of domestic investors have boosted demand for longterm savings products. In many cases, it is the large multinationals that have benefited, at the expense of smaller local groups. Thanks to reasonably resilient domestic demand, non-life insurance has continued to develop, in some cases from low bases.
Executive Summary
Table: Overview Of Malaysia’s Insurance Sector
Key Insights On Malaysia’s Insurance Sector
SWOT Analysis
Malaysia Insurance Industry SWOT
Malaysia Political SWOT
Malaysia Economic SWOT
Malaysia Business Environment SWOT
Global Outlook
Asia Pacific Overview
Projections and Forecasts
Table: Premiums, 2005-2014
Projections And Drivers Of Growth
Table: Growth Drivers, 2005-2014
Country Update
Macroeconomic Outlook
Table: Malaysia – Economic Activity, 2007-2014
Domestic Political Outlook
Long-Term Political Outlook
Insurance Business Environment Rating
Table: Malaysia’s Insurance Business Environment Indicators
Table: Asia Pacific Insurance Business Environment Ratings
Regional Context
Table: Non-Life Premiums In A Regional Context, 2008
Table: Life Premiums In A Regional Context, 2008
Major Players In Malaysia’s Insurance Sector
Table: Non-Life Insurance Premiums – Breakdown By Lines, 2008 (MYRmn)
Table: Life Insurance Premiums – Breakdown By Lines, 2008 (MYRmn)
Table: Companies By Gross Written Premiums, 2007* (MYRmn)
Table: Non-Life Companies – Gross Written Premiums, 2007* (MYRmn)
Analysis Of Regional Competitive Conditions
Local Company Profiles
Allianz Malaysia Berhad
Etiqa Takaful Berhad
TM Asia Life Bhd
Regional Company Profiles
AEGON
AIG
Allianz
Aviva
AXA
Cardif
Fortis
Generali
Groupama
HDI-Gerling
HSBC Insurance
ING Group
Liberty Mutual
Manulife
MetLife
Prudential Financial
Prudential Plc
QBE
RSA
Sun Life Financial
The Principal
Zurich Financial Services
Country Snapshot: Malaysia Demographic Data
Section 1: Population
Table: Demographic Indicators, 2005-2030
Table: Rural/Urban Breakdown, 2005-2030
Section 2: Education And Healthcare
Table: Education, 2000-2003
Table: Vital Statistics, 2005-2030
Section 3: Labour Market And Spending Power
Table: Employment Indicators, 2001-2006
Table: Consumer Expenditure, 2000-2012 (US$)
Methodology
Insurance Business Environment Ratings
Table: Insurance Business Environment Indicators And Rationale
Table: Weighting Of Indicators
- AEGON
- AIG
- Allianz
- Allianz Malaysia Berhad
- Aviva
- AXA
- Cardif
- Etiqa Takaful Berhad
- Fortis
- Generali
- Groupama
- HDI-Gerling
- HSBC Insurance
- ING Group
- Liberty Mutual
- Manulife
- MetLife
- Prudential Financial
- Prudential Plc
- QBE
- RSA
- Sun Life Financial
- The Principal
- TM Asia Life Bhd
- Zurich Financial Services
Product Samples
A sample for this product is available. Please Login/Register to download this sample.
Customers who bought this item also bought
All rights reserved. © Copyright 2013 Research and Markets WWW4
Terms and Conditions Privacy Policy Publishers Employment Opportunities Site Map Link to us Webmaster Affiliate Network
