Magazine Table of Contents
Malaysia’s insurance market can expect a shake-up with a new government, ongoing market liberalisation and a stagnant growth in premiums.
While recent trends reflect optimism about Malaysia’s takaful growth and improvement of market share compared to conventional insurance, “takaful is still far below its full potential, and is nowhere near where it should be.”
Bank Negara Malaysia has put in place rules to engender market competitiveness and innovation, promote sound market conduct and encourage easier access to insurance products.
Malaysian Re operates in a slow-growing and still-developing market, but manages to maintain its profitability and financial strength. President and CEO Zainudin Ishak talks about its future and the continued development of the market.