Market Report, "Malaysia Insurance Report Q4 2010", published

Oct. 4, 2010 - PRLog -- In this report, we have been able to include both final data for 2009, and to amend projections for the current year in order to take into account of H110 results released by major cross-border insurers in the Asia-Pacific region. Total insurance premiums in 2009 amounted to MYR32,411mn. This included nonlife premiums and general takaful (Islamic finance) contributions of MYR12,324mn. Life premiums and family takaful contributions amounted to MYR20,087mn. In 2014, the corresponding figures are projected to be MYR57,750mn, MYR21,697mn and MYR36,053mn. In terms of the key drivers of forecasts, we are looking for non-life penetration to rise from 1.78% in 2009, to 2.10% in 2014, and for life density to rise from US$208 per capita to US$350 per capita. BMI's proprietary Business Environment Rating for Malaysia is 63.5.

As in previous quarters, we have ranked major players in each of the two main insurance segments as they are seen by the organisation providing the data (which, in practice, is usually the regulator or the trade association). In Malaysia the three largest non-life companies- in terms of gross written premiums written - were Kurnia, Mitsui and Etiqa, with respective market shares of about 12%, 7% and 7%, respectively. Great Eastern continues to dominate the life segment, with a market share of 24%, though Prudential and ING each had market shares of around 14%. Over time, we hope to derive insights from observing how market shares change. We emphasise though, that a decline in share of gross written premiums is not automatically a negative indicator and indeed is often the result of a corporate decision to focus on more profitable business lines.

In this report, we provide a breakdown of the insurance sector by line - again, from the point of view of the regulator or the trade association. In Malaysia the largest non-life lines were land vehicles voluntary insurance (CASCO), fire, medical expenses and personal accident, and marine, aviation and transport.

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Report Table of Contents:

Executive Summary
- Table: Overview Of Malaysia's Insurance Sector
- Key Insights On Malaysia's Insurance Sector
SWOT Analysis
- Malaysia Insurance Industry SWOT
- Malaysia Political SWOT
- Malaysia Economic SWOT
- Malaysia Business Environment SWOT
MetLife's Acquisition Of ALICO
- Table: ALICO At A Glance
- Table: ALICO's Pre-Tax Profits By Segment And Region Contribution, Year To November 30 2009 (%)
- Table: ALICO - A Market Leader In Japan
- Table: MetLife's Acquisition Of ALICO
- Table: MetLife And ALICO Combined
Asia Pacific Overview
- Table: Asia Pacific Non-Life Markets At A Glance, 2008-2010
- Table: Asia Pacific Life Markets At A Glance, 2008-2010
Islamic Insurance Overview
Projections And Forecasts
- Table: Premiums - Totals And Annual Percentage Change, 2007-2014
- Projections And Drivers Of Growth
- Table: Growth Drivers, 2007-2014
Country Update
- Macroeconomic Outlook
- Table: Malaysia - Economic Activity, 2007-2014
- Domestic Politics I
- Domestic Politics II
- Long-Term Political Outlook
Insurance Business Environment Rating
- Table: Malaysia's Insurance Business Environment Indicators
- Table: Asia Pacific Insurance Business Environment Ratings
Regional Context
- Table: Non-Life Premiums In A Regional Context, 2009
- Table: Life Premiums In A Regional Context, 2009
Major Players In Malaysia's Insurance Sector
- Table: Non-Life Insurance Premiums - Breakdown By Lines, 2008 (MYRmn)
- Table: Life Insurance Premiums - Breakdown By Lines, 2008 (MYRmn)
- Table: Life Companies By Gross Written Premiums, 2007* (MYRmn)
- Table: Non-Life Companies - Gross Written Premiums, 2007* (MYRmn)
Analysis Of Regional Competitive Conditions
Local Company Profiles
- Allianz Malaysia Berhad
- Etiqa Takaful Berhad
- TM Asia Life Bhd
Regional Company Profiles
- AEGON
- Allianz
- Aviva
- AXA
- Cardif
- Fortis
- Generali
- Groupama
- HDI-Gerling
- HSBC Insurance
- ING Group
- Liberty Mutual
- Manulife
- MetLife
- Prudential Financial
- Prudential Plc
- QBE
- RSA
- Sun Life Financial
- The Principal
- Zurich Financial Services
Country Snapshot: Malaysia Demographic Data
- Section 1: Population
- Table: Demographic Indicators, 2005-2030
- Table: Rural/Urban Breakdown, 2005-2030
- Section 2: Education And Healthcare
- Table: Education, 2000-2003
- Table: Vital Statistics, 2005-2030
- Section 3: Labour Market And Spending Power
- Table: Employment Indicators, 2001-2006
- Table: Consumer Expenditure, 2000-2012 (US$)
Methodology
- Insurance Business Environment Ratings
- Table: Insurance Business Environment Indicators And Rationale
- Table: Weighting Of Indicators

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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.