Exciting times ahead
Source: Asia Insurance Review | Nov 2012
Malaysian insurers are experiencing changes in numerous aspects of their businesses. M&As are flourishing and more MNC players are looking to enter the country which remains underpenetrated amidst a growing economy and burgeoning middle class. The general insurers are getting ready for 2016 when de-tariffing of motor and the property classes happen. For life, change comes in the form of the liberalisation of operating expenses while the Competition Act and the Personal Data Protection Act will impact both life and non-life insurers.
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