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Key Benefits | Executive Summary | Report Coverage | Contents | Competitive Landscape Information Sources | Full Range of Reports 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-2012; 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. |
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Key Benefits of the Malaysia Insurance Report [TOP] -
- Benchmark BMI’s Independent 5-Year Insurance Industry Forecast on Malaysia
to test other views - a key input for successful budgeting and planning in this strategic insurance market. - Target Business Opportunities & Risks in Malaysia's Insurance Sector
through our reviews of latest insurance industry trends, regulatory changes, and major deals, projects and investments in Malaysia. - Exploit The Latest Competitive Insurance Intelligence & Company SWOTS
on your competitors and peers in Malaysia through our insurance company rankings by assets, premiums, income, market share, investments and leading products and services. View a list of BMI's ranked insurance companies for Asia. |
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BMI's Coverage of the Malaysia Insurance Industry [TOP] 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-2011) 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). View a list of BMI's ranked insurance companies for Asia 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. |
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BMI's Executive Summary for the Malaysia Insurance Report
[TOP]
Malaysia's IBER is 63.5. Relative to other countries in the Asia Pacific region, it is a moderately
attractive insurance market for foreign insurers, ranking in the middle of the table, well above close
neighbour Indonesia, but below Singapore. Malaysia scores well on the development of its regulatory
system reflecting reforms of recent years that has helped to raise its overall IBER, despite the size of the
sector. Malaysia's non-life segment is less developed than life and particularly so relative to market
leaders in the region.
Over the forecast period, we anticipate that non-life premiums will grow by 9% annually in local currency
terms and by 11% in US dollar terms. Life premiums are expected to increase by 7% annually in local
currency terms and by 9% in US dollar terms. The key drivers of growth in the non-life segment in 2007-
2012 are the anticipated rise in nominal GDP at around 2% a year from around US$179.6bn to
US$263.4bn and an expected increase in non-life penetration from 1.96% of GDP to 2.11%. The key
driver of growth in the life segment is the envisaged rise in life density from US$211.7 per capita in 2007
to US$292.23 per capita in 2012.
With few barriers to entry, foreign insurers have flooded into the Malaysian market, making both life and
non-life segments extremely crowded. However, many of the cross-border firms in Malaysia are either
specialist insurers or focus on multi-national corporate clients. In the non-life segment there are around 20
local groups, typically stand-alone non-life or composite insurers or affiliates of the various (generally
listed) Malaysian financial services companies. They are, in the main, (significantly) larger than their
counterparts in Thailand, the Philippines and Indonesia.
Malaysia has an enviable regulatory environment compared with many economies in its region. The
country has largely shaken off international economic problems and is expected to deliver stable growth
over the coming years. Its local firms have strong brand names, tested over many years, and the country is
an unquestioned leader in Islamic banking and insurance – an area with great opportunities for growth
from a niche sector as the overall market increases. The overall market has great room for growth as
Malaysia, despite having developed further than many of its regional peers, still has relatively low
penetration rates.
It is unlikely to attract many new players to its crowded markets and those existing local firms have
limited ability to expand beyond Malaysia's borders.
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Contents of the Malaysia Insurance Report
[TOP]
Chapter 1 - The Sector At A Glance
Table: Overview
Key Features Of This Report & Likely Future Changes
Chapter 2 - Latest News
Recent Developments
Chapter 3 - Evolution Since The Mid-1990s
Table: Evolution Of The Insurance Sector (in millions of currency specified)
Evolution
Chapter 4 - Projections And Forecasts
Table: BMI Projections (in millions of currency specified)
Projections And Drivers Of Growth
Chapter 5 - Macroeconomic Outlook
Table: GDP, Population and Output
Chapter 6 - Country Update
Political Risk Stability And Nationalism
Economic Risk Investment Friendly
Business Environment Strong Rule Of Law
Chapter 7 - Analysis of Competitive Conditions
Country Overview Malaysia Non-Life Segment
Table: Non-Life Segment Rankings of Markets
Table: Presence Of Cross-Border Insurers Non-Life
Table: Selected Local Insurers
Country Overview Malaysia Life Segment
Table: Life Segment Rankings of Markets
Table: Presence Of Cross-Border Insurers Life
Table: Selected Local Life Insurers
Chapter 8 - Regional Context
Table: Regional Context - Premiums
Table: Regional Context Total Premiums
Chapter 9 - Methodology And Objectives
Introduction
Background
Forecasts
Chapter 10 - Appendix
Table: Latest Estimates / Actual Figures For 2005
Table: Latest Estimates For 2010
Table: Latest Estimates For 2005-2010
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Competitive Landscape for Asia Insurance Reports: Sample of Companies Ranked
[TOP]
A cross-border overview of key players and their insurance
market share across Asia. Tables and graphs show country presence of
multinationals across the region. Comparative company analyses and rankings by
premium income (life and non-life). Company SWOTS for leading life and non-life
insurers, covering network of offices, presence of foreign
stakeholders, strategic relationships, joint ventures; portfolio of clients;
diversity of product range; profit growth, investment strategy and risk exposure.
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[TOP]
BMI's Asian Insurance Reports are based on an extensive
network of multilateral organisations, government departments, insurance
industry associations, chambers of commerce and company reports. Information
sources include:
* Abacus Investment Research, Malaysia
* Census & Statistics Department, Hong Kong
* China Insurance Regulatory Commission
* Department of Insurance, Ministry of Finance, Taiwan
* Directorate General of Budget, Accounting and Statistics, Taiwan
* FSS, South Korea
* General Insurance Association of Malaysia
* General Insurance Association of Singapore
* Hong Kong Federation of Insurers
* Indonesian Insurance Council
* Indonesian Life Insurance Association
* Insurance Association of China
* Insurance Institute of India
* Insurance Regulatory and Development Authority, India
* Insurance Supervision Department, Bank Negara Malaysia
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Komisyon ng Seguro - Insurance Commission, Philippines
* Korean Life Insurers Association
* Korean Non-Life Insurers Association
* Life Insurance association of Malaysia
* Monetary Authority of Singapore
* National Association of Malaysian Life Insurance and Financial Advisors
* National Bureau Statistics, China
* National Economic and Development Authority, Philippines
* Office of the Commisioner of Insurance, Hong Kong
* Philippine Life Insurance Association
* Registrar General, India
* The Life Insurance Association of the Republic of China, Taiwan
* The Non-Life Insurance Association Republic of China, Taiwan
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Read about our other Insurance Reports
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Australia, China, Hong Kong, India, Indonesia, Malaysia, Pakistan, Philippines, Singapore, South Korea, Taiwan, Thailand, Vietnam |
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Bulgaria, Croatia, Czech Republic, Estonia, Germany, Greece, Hungary, Kazakhstan, Latvia, Lithuania, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, UK, Ukraine |
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Bahrain, Egypt, Iran, Israel, Jordan & Lebanon, Kuwait, Nigeria, North Africa, Oman, Qatar, Saudi Arabia, South Africa, Turkey, UAE |
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Argentina, Bermuda, Brazil, Caribbean, Mexico |
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 Business Monitor International A 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 BMI has for 25 years specialised in political risk analysis, financial markets analysis, and macroeconomic forecasts on 175 global markets. Industry Intelligence and Market Research BMI's industry research covers Automotives; Banking; Chemicals; Defence & Security; Food & Drink; Freight Transport; Information Technology; Infrastructure; Insurance; Mining; Oil & Gas; Petrochemicals; Pharmaceuticals & Healthcare; Power; Telecommunications, and Tourism. Company Research BMI maintains a fully-researched 55,000-site database of multinational company subsidiaries located across global markets. |
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