New Market Research Report: Malaysia Insurance Report Q3 2011

July 24, 2011 - PRLog -- Key Insights And Key Risks

* Although it is more mature than several of the other insurance markets in the region, Malaysia continues to achieve steady growth.
* It appears that the expansion of the non-life segment depends basically on the growth of the economy. Non-life penetration has not been increasing over the last five years and is expected to remain constant through the forecast period.
* As is the case in the rest of Asia, life insurance is an important and growing channel for organised savings. Relative to other markets in the region, multi-nationals are better established.
* Thanks significantly to official initiatives to promote Islamic finance, the expansion of takaful has been an important growth driver - especially in the life segment. In 2010, takaful accounted for about 8% of the non-life segment and 15% of the life segment.

------------------------------------------------------------
Full Report Details at
- http://www.fastmr.com/prod/208371_malaysia_insurance_report_q3_2011.aspx
------------------------------------------------------------


The latest figures published by Bank Negara Malaysia, the insurance sector regulator, indicate that life premiums rose by 13% last year, while non-life premiums grew by 10% (both figures include both conventional insurance and contributions for, respectively, family and general takaful). This represents a solid - if, by the standards of other countries in the region, unspectacular - rise.

The life segment appears to be more dynamic than the non-life segment. A surprisingly large number of multi-nationals, none of whom have problems accessing global capital markets, are innovating, developing new distribution channels and improving the productivity of existing channels. Family takaful is an important growth driver - and has clearly developed to the point where its growth has an impact on the entire segment: at long last, the hype is no longer ahead of the reality. Published corporate results for Q111 point to a continuation in all these positive trends.

General takaful is one of the identifiable sources of growth for the non-life segment as well. Within the non-life segment, medical expenses/personal accident insurance has consistently been growing at doubledigit rates over recent years. However, the sluggish growth of other lines of business means that, since 2006, total non-life premiums (ie including both conventional insurance and general takaful) has not kept pace with nominal GDP. In other words, non-life penetration has been under downwards pressure. In a mature and fragmented segment, where most players do not clearly have pricing power, we do not see an obvious catalyst for growth in non-life penetration. (This is in stark contrast to the life segment, where various initiatives by the insurers are boosting sales). Consolidation of the segment is a possible outcome.

Report Table of Contents:

Executive Summary
- Table: Total Premiums 2008-2015
- Key Insights And Key Risks
SWOT Analysis
- Malaysia Insurance Industry SWOT
- Malaysia Political SWOT
- Malaysia Economic SWOT
- Malaysia Business Environment SWOT
Life Sector
- Asia Pacific Life Sector Overview
- Table: Asia Pacific's Life Premiums, 2008-2015 (US$mn)
- Malaysia Life Sector Update
- Life Segment: In-Force Business Breakdown, 2010 (MYRmn)
- Life Segment: New Business Breakdown 2010 (MYRmn)
- Life Industry Forecast Scenario
- Table: Total Life Premiums 2008-2015
- Growth Drivers And Risk Management Projections
- Population
- Table: Insurance Key Drivers - Demographics, 2008-2015
- Non-Life Sector
- Asia Pacific Non-Life Sector Overview
- Table: Asia Pacific Non-life Premiums, 2008-2015
- Malaysia Non-Life Sector Update
- Table: Non-Life Segment Breakdown, 2010 (MYRmn)
- Non-Life Industry Forecast Scenario
- Table: Total Non-Life Premiums 2008-2015
- Growth Drivers And Risk Management Projections
- Macroeconomic Outlook
- Table: Malaysia Economic Activity, 2008-2015
- Political Stability Outlook
- Table: Asia Pacific Regional Security Ratings
- Table: Insurance Key Drivers - Disability-Adjusted Life Years, 2008-2015
- Motor
- Table: Insurance Key Drivers - Autos, 2008-2015
- Tourism
- Table: Insurance Key Drivers - Tourism, 2008-2015
- Islamic Finance
Insurance Risk/Reward Ratings
- Table: Malaysia's Insurance Risk/Reward Ratings
- Table: Asia Pacific Insurance Risk/Reward Ratings
Competitive Landscape
- Competitive Landscape Analysis
- Major Players In Malaysia's Insurance Sector
- Table: Major Non-Life Insurers
- Table: Major Life Insurers
Company Profiles
- Local Company Profiles
- Etiqa Insurance And Takaful Berhad
- Tokyo Marine Life Insurance Asia Bhd (TM Life Asia Malaysia Bhd)
- Regional Company Profiles
- Ageas
- AEGON
- AIA Group Limited
- Allianz
- Aviva
- AXA
- BNP Paribas Cardif
- Chartis
- HDI-Gerling
- HSBC Insurance
- ING Group
- Liberty Mutual
- Manulife
- MetLife ALICO
- Prudential Financial
- Prudential plc
- QBE
- RSA
- Sun Life Financial
- The Principal
- Zurich Financial Services
BMI Methodology
- Insurance Risk/Reward Ratings
- Table: Insurance Risk/Reward Indicators And Rationale
- Table: Weighting Of Indicators

About Business Monitor International

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets.  BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports.  Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports.  View more research from Business Monitor International at http://www.fastmr.com/catalog/publishers.aspx?pubid=1010

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

# # #

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.