Synopsis
Timetric’s 'Life Insurance in Malaysia, Key Trends and Opportunities to 2018' report provides in-depth market analysis, information and insights into the Malaysian life insurance segment, including:
- The Malaysian life insurance segment’s growth prospects by life insurance category
- Key trends, drivers and challenges for the life insurance segment
- The various distribution channels in the Malaysian life insurance segment
- The detailed competitive landscape in the life insurance segment in Malaysia
- Detailed regulatory policies of the Malaysian insurance industry
- Analysis of various consumer segments in Malaysian life insurance
- New product launches of leading life insurance companies
Executive summary
Timetric’s 'Life Insurance in Malaysia, Key Trends and Opportunities to 2018' report provides detailed analysis of the market trends, drivers, challenges in the Malaysian life insurance segment. It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions during the review period (2009–2013) and forecast period (2013–2018). The report also analyzes distribution channels operating in the segment, and provides detailed information on the competitive landscape in the country.
The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in regulatory structure.
Scope
This report provides a comprehensive analysis of the life insurance segment in Malaysia:
- It provides historical values for the Malaysian life insurance segment for the report’s 2009–2013 review period, and projected figures for the 2013–2018 forecast period.
- It offers a detailed analysis of the key categories in the Malaysian life insurance segment, along with market forecasts until 2018.
- It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions.
- It analyses the various distribution channels for life insurance products in Malaysia.
- It profiles the top life insurance companies in Malaysia and outlines the key regulations affecting them.
Reasons to buy
- Make strategic business decisions using in-depth historic and forecast market data related to the Malaysian life insurance segment and each category within it.
- Understand the demand-side dynamics, key market trends and growth opportunities in the Malaysian life insurance segment.
- Assess the competitive dynamics in the life insurance segment.
- Identify the growth opportunities and market dynamics in key product categories.
- Gain insights into key regulations governing the Malaysian insurance industry and their impact on companies and the industry's future.
Key highlights
- The Malaysian life insurance segment registered steady growth at a review-period CAGR of 6.0% in terms of gross written premium.
- This was driven by a rising demand for investment-linked products and economic expansion, with these factors expected to support the segment over the forecast period.
- The popularity of investment-linked products is due to the fact that they offer a combination of life insurance cover and investments with higher returns than normal deposit rates.
- High domestic demand was supported by economic growth in 2014.
- In October 2014, the Malaysian government set its 2015 Budget, which increased the tax free income limit and also enacted several tax reforms, including the implementation of goods and service tax (GST), with effect from April 1, 2015.