|
Malaysia Insurance Report |
Was: $1030.00 | |
| Now: $875.00 | ||
| You save: $155.00 (15%) |
The Malaysia Insurance Report
- Independent 5-year insurance industry forecast for Malaysia .
- Original insurance market research and insurance sector trend analysis for Malaysia ’s insurance industry.
- Competitive intelligence, regional insurance company rankings and SWOT analyses on international and domestic insurance companies in Malaysia .
The Malaysia Insurance Report has been researched at source and features latest available data for annual insurance premiums and claims; assets and investments; 5-year insurance industry forecasts for Malaysia through end- ; insurance company rankings and competitive landscapes for local insurers and multinational insurance subsidiaries in Malaysia ; and analysis of the latest insurance industry developments, trends and regulatory changes in Malaysia .
Business Monitor International's Malaysia Insurance Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the Malaysian insurance industry.
Coverage
Malaysia Insurance Sector At A Glance
Key insights into the insurance market, covering industry trends, key players and the regulatory environment, plus snapshots of life and non-life premium values in local currency and US$.
Evolution of the Malaysian Insurance Market
Analysis of recent developments in the local insurance market, including data on life and non-life premium values, density and penetration, dating from 1998.
BMI 5-Year Industry Forecasts for Malaysia
Analysis of market growth drivers, including 5-year projections (to end- ) for premium values. Forecasts section also includes BMI risk ratings on local economy, politics and business environment. Industry indicators covered include:
Number of life and non-life insurance companies; total and per capita Property/Casualty premiums and claims; total and per capita Life/Health premiums and claims; total premium income; total claims/expenses; total operating expenses; total assets and investments; industry density (per capita premiums) and penetration (premiums as a portion of GDP)
BMI 5-Year Macroeconomic Forecast for Malaysia
BMI forecasts for all headline macroeconomic indicators, including real GDP growth, inflation, fiscal balance, trade balance, current account and external debt.
Insurance Company Rankings in Malaysia
Comparative company analyses and rankings by premium income (life and non-life).
Insurance Industry Competitive Landscape in Asia
A cross-border overview of key players and their market share across the region. Tables and graphs show country presence of multinationals throughout the region.
|
Malaysia Insurance Report |
Was: $1030.00 | |
| Now: $875.00 | ||
| You save: $155.00 (15%) |
Chapter - The Sector At A Glance |
| Table: Overview Of Malaysia'''s Insurance Sector |
| Key Insights On Malaysia'''s Insurance Sector |
Chapter - SWOT Analysis |
| Malaysia Insurance Industry SWOT |
| Malaysia Political SWOT |
| Malaysia Economic SWOT |
| Malaysia Business Environment SWOT |
Chapter - Development Of BMI'''s Insurance Reports |
| Comment ''“ The Global Financial Crisis |
| Table: Selected European Countries: Budget And Current Account, 2008 (as % of GDP) |
| Revision Of Data And Forecasts |
Chapter - Projections and Forecasts |
| Table: Premiums ''“ Historical Data And Forecasts, 2006-2013 |
| Projections And Drivers Of Growth |
| Table: Growth Drivers, 2006-2013 |
Chapter - Country Update |
| Macroeconomic Outlook |
| Table: Malaysia ''“ Economic Activity, 2006 ''“ 2013 |
| Political Outlook |
Chapter - Insurance Business Environment Rating |
| Table: Malaysia'''s Insurance Business Environment Indicators |
| Table: Asia Insurance Business Environment Rankings |
Chapter - Regional Context |
| Table: Non-Life Premiums In A Regional Context, 2008 |
| Table: Life Premiums In A Regional Context, 2008 |
| Table: Comparison Of Major Lines As % Of Non-Life Premiums, 2006 |
Chapter - Analysis of Competitive Conditions |
| Regional Overview |
Chapter - Company Profiles |
| AEGON |
| AIG |
| Allianz |
| Aviva |
| AXA |
| Cardif |
| Fortis |
| Generali |
| Groupama |
| HDI-Gerling |
| HSBC Insurance |
| ING |
| Liberty Mutual |
| Manulife |
| MetLife |
| Prudential Financial |
| Prudential Plc |
| QBE |
| RSA |
| Sun Life Financial |
| The Hartford |
| The Principal |
| Zurich |
Chapter - 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$) |
| Table: Average Annual Manufacturing Wages, 2000-2012 |
Chapter - Methodology |
| Basis Of Projections |
| Insurance Business Environment Rating |
| Table: Insurance Business Environment Indicators And Rationale |
| Table: Weighting Of Indicators |
|
Malaysia Insurance Report |
Was: $1030.00 | |
| Now: $875.00 | ||
| You save: $155.00 (15%) |
We have revised down our 2009 growth forecast for Malaysia from 3.1% to 1.4% after the latest industrial production data revealed that factory output contracted at its fastest pace in seven years during November 2008. Output fell 7.7% year-on-year (y-o-y) to compound October's 3.1% decline and September's 1.7% fall, as weakening global demand and tumbling commodity prices saw all components of the index shrink for a second month in a row. Mining output (which accounts for 23.4% of the index) contracted by 2.8% y-o-y, while electricity output (which holds a 6.0% weighting) fell by 2.8%. Most significantly, manufacturing output declined by a whopping 9.4%.
Manufacturing makes up more than 70% of the overall industrial production index. More importantly, the sector contributes almost 30% to GDP, and employs over 1mn people (1,065,278 as of October 2008), equal to approximately 10% of the labour force. Manufactured goods also account for over 50% of Malaysia's total exports. Thus, the sector's importance to the overall economy is evident. However, in the current global economic climate, where consumers are continuing to retrench, demand for manufactured products is set to continue waning.
With the global economy unlikely to pick up until 2010, we have also revised down our 2010 growth forecast from 4.6% to 3.2%. While we expect global growth to begin picking up in the first half of 2010, we are nonetheless anticipating economic activity to remain sluggish throughout much of the year. Thus, while we acknowledge the positive effects of 2009 setting a low base, BMI consequently expects the Malaysian economy to fall short of its 2008 performance in 2010.
The global financial crisis is likely to affect the various segments of the global insurance industry in different ways. In many countries – especially in Europe – the coming recession points to softness in the non-life segment. In many cases, the numbers of policies may fall; there should be downwards pressure on premiums. By contrast, the main problem for the life segment – in almost all countries – is the extreme volatility of financial markets. Over the longer term though, the fortunes of life insurance will recover – thanks to the secular growth of organised savings in most countries.
China, where the larger insurance companies continue to achieve double digit growth in premium income, is a good example of this. Some particular niches should also do well in the current environment, such as legal liability insurance.
In the Asia Pacific, we profile 23 companies. These are 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 Hartford, Principal Financial Group and Zurich Financial Services.
Over the course of 2008, actual/estimated total premiums in Malaysia rose by 10% to MYR36,354mn. Non-life premiums rose by 5% to MYR12,623mn, while life premiums rose by 14% to MYR23,732mn.
Between now and the end of the forecast period, we expect that annual non-life premiums will grow by MYR6,439mn, while annual life premiums should grow by MYR12,568mn. Growth in non-life premiums should be driven by the general growth of nominal GDP plus a rise in nonlife penetration from the current level of 1.77% to 2%.
Growth in life premiums should be driven by the change in the overall population and a rise in life density from US$240.34 to US 420,00 per capita. BMI's Insurance Business Environment Rating is 64.1.
|
Malaysia Insurance Report |
Was: $1030.00 | |
| Now: $875.00 | ||
| You save: $155.00 (15%) |
Africa |
| Algeria, Egypt, Libya, Morocco, Nigeria, South Africa and Tunisia |
Asia |
| Australia, China, Hong Kong, India, Indonesia, Pakistan, Philippines, Singapore, South Korea, Taiwan, Thailand and Vietnam |
Caribbean |
| Bahamas, Barbados, Bermuda, Dominican Republic, Jamaica and Trinidad & Tobago |
Europe |
| Bulgaria, Croatia, Czech Republic, Estonia, Germany, Greece, Hungary, Kazakhstan, Latvia, Lithuania, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Ukraine and United Kingdom |
Latin America |
| Argentina, Brazil and Mexico |
Middle East |
| Bahrain, Iran, Israel, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Turkey and United Arab Emirates |
Business Monitor InternationalA Market Leader in Country Risk, Industry Intelligence and Company Research Mermaid House, 2 Puddle Dock, Blackfriars, London EC4V 3DS, UK |
BUSINESS MONITOR INTERNATIONAL's country risk analysis and forecasts, market research on leading industries, and multinational company research is relied upon by corporates, banks, government departments and multilateral organisations in over 125 countries around the world. Country Risk Analysis and Forecasts Industry Intelligence and Market Research Company Research |