Life insurance – On the brink of change
Source: Asia Insurance Review | Nov 2012
Malaysia’s life market faces significant changes with the impending liberalisation of operating expense for business acquisition costs and the implementation of the Competition Act and the Personal Data Protection Act. The first measure is set to bring a boon to the life sector, while the two will restrict the way life insurers do business. Prospects-wise, the sector remains bullish as it gears up to ride on Malaysia’s goal to become a high-income nation by 2020.
By Manuelita Contreras
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