The growth potential in Malaysia in both the economy and the insurance industry continues to draw attention. With the proposed Financial Services Act on licensing, more hustle and bustle is expected on the M&A front.
By Benjamin Ang
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With Malaysia's insurance penetration remaining broadly constant for the last 10 years, is this a market that still offers relatively attractive opportunities for growth? Mr Ben McDermott and Mr Wan Saifulrizal Wan Ismail, both from Towers Watson, say "yes", as these growth areas are in the bancassurance, takaful and retirement sectors.
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The Malaysian Deposit Insurance Corporation (MDIC) established the differential levy system (DLS), starting April 2013. Mr Rafiz Azuan Abdullah from MDIC explains why the new DLS framework is seen as more equitable, transparent and objective than the previous system.
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By Ms Amy Tan Ai Fen and Mr Eric Lee Vui Loong, Compliance & Governance Practice Group, Zaid Ibrahim & Co., Kuala Lumpur, Malaysia
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