News - Malaysia: Insurance growth to continue for the year
Source: Asia Insurance Review | Apr 2011
Relatively low interest rate environment; low life insurance penetration rate of about 41% as compared to other more-developed economies; and government-led initiatives such as the Economic Transformation Programme (ETP); the tenth Malaysian Plan and the New Economic Model (NEM) are expected to fuel the insurance industry’s growth for the rest of the year, despite the presence of some pitfalls.
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