Life Insurance in Malaysia, Key Trends and Opportunities to 2017:Industry Analysis Report

Life Insurance in Malaysia, Key Trends and Opportunities to 2017
Synopsis
The report provides in depth market analysis, information and insights into the Malaysian life insurance
segment, including:
The Malaysian life insurance segments growth prospects by life insurance categories Key trends and
drivers for the life insurance segment The various distribution channels in the Malaysian life insurance
segment The detailed competitive landscape in the life insurance segment in Malaysia The detailed regulatory
framework of the Malaysian insurance industry A description of the life reinsurance segment in Malaysia
Porter's Five Forces Analysis of the life insurance segment
Summary
In 2012, life insurance was the largest segment in the Malaysian insurance industry, representing an industry
share of 61.1%, compared to 58.6% in 2008. It is also one of the fastest-emerging life insurance segments in
the Asia-Pacific region. The global financial crisis had a minimal impact on the life segment during the review
period. Driven by factors such as a disciplined attitude among individuals towards savings, rising levels of
consumer confidence and government initiatives on tax relief, the relatively underpenetrated Malaysian life
insurance segment is expected to register a CAGR of 7.8% over the forecast period, increasing from MYR23.1
billion (US$7.5 billion) in 2012 to MYR33.6 billion (US$11.5 billion) in 2017.
Scope
This report provides a comprehensive analysis of the life insurance segment in Malaysia:
It provides historical values for Malaysia's life insurance segment for the reports 20082012 review period,
and forecast figures for the 20122017 forecast period It offers a detailed analysis of the key categories in
Malaysia's life insurance segment, along with market forecasts until 2017 It covers an exhaustive list of
parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio,
frauds and crimes, total assets, total investment income and retentions It analyses the various distribution
channels for life insurance products in Malaysia Using Porters industry-standard Five Forces analysis, it
details the competitive landscape in Malaysia for the life insurance business It provides a detailed analysis of
the reinsurance segment in Malaysia and its growth prospects It profiles the top life insurance companies in
Malaysia and outlines the key regulations affecting them
Reasons To Buy
Make strategic business decisions using in depth historic and forecast market data related to the Malaysian
life insurance segment and each category within it Understand the demand-side dynamics, key market trends
and growth opportunities within the Malaysian life insurance segment Assess the competitive dynamics in the
life insurance segment, along with the reinsurance segment Identify the growth opportunities and market
dynamics within key product categories Gain insights into key regulations governing the Malaysian insurance
industry and its impact on companies and the market's future
Key Highlights
The life segment accounted for 61.1% of the industrys written premium in 2012. The segment grew at a
review-period CAGR of 10.6% The global financial crisis had a minimal impact on the life segment during the
review period Government initiatives encourage Malaysians to invest, increasing demand for life insurance
Malaysias life insurance penetration rate measured 2.46% in 2012, which was lower than that of more

economically developed countries in the region The insurance industry of Malaysia is supervised and
regulated by the Central Bank of Malaysia (BNM), under the supervision of the Ministry of Finance and
according to the rules and regulations stipulated in the Insurance Act 1996 Malaysias life segment is highly
concentrated, with the 10 leading companies collectively accounting for 94.1% of life insurance written
premiums in 2012
table Of Content

1 Executive Summary

2 Introduction
2.1 What Is This Report About?
2.2 Definitions
2.3 Methodology

3 Malaysian Insurance Industry Attractiveness
3.1 Insurance Industry Size, 2008-2017
3.2 Key Industry Trends And Drivers

4 Life Insurance Outlook
4.1 Life Insurance Growth Prospects By Category
4.1.1 Individual Life Insurance
4.1.2 Individual Endowment Insurance
4.1.3 Individual Unit-linked Insurance
4.1.4 Individual Term Life Insurance
4.1.5 Other Individual Insurance
4.1.6 Group Life Insurance
4.2 Life Insurance Growth Prospects By Product Type
4.2.1 Individual Single-premium Policies
4.2.2 Individual Non-single-premium Policies
4.2.3 Group Single-premium Policies
4.2.4 Group Non-single-premium Policies

5 Analysis By Distribution Channel
5.1 Direct Marketing
5.2 Bancassurance
5.3 Agencies

5.4 E-commerce
5.5 Brokers
5.6 Other Channels

6 Porter's Five Forces Analysis - Malaysian Life Insurance
6.1 Bargaining Power Of Supplier: Medium
6.2 Bargaining Power Of Buyer: Low To Medium
6.3 Barriers To Entry: Low To Medium
6.4 Intensity Of Rivalry: Medium
6.5 Threat Of Substitutes: Low

7 Reinsurance Growth Dynamics And Challenges
7.1 Reinsurance Segment Size, 2008-2017
7.2 Reinsurance Segment Size By Type Of Insurance, 2008-2017

8 Governance, Risk And Compliance
8.1 Legislation Overview And Historical Evolution
8.2 Regulations By Type Of Insurance
8.2.1 Life Insurance Regulations
8.2.2 Property Insurance Regulations
8.2.3 Motor Insurance Regulations
8.2.4 Marine, Aviation And Transit Insurance Regulations
8.2.5 Personal Accident And Health Insurance Regulations
8.3 Compulsory Insurance
8.3.1 Motor Third-party Liability Insurance
8.3.2 Workmen's Compensation Insurance
8.3.3 Travel Insurance
8.3.4 Insurance Against Liability For Pollution
8.4 Supervision And Control
8.4.1 International Association Of Insurance Supervisors
8.4.2 Central Bank Of Malaysia Or Bank Negara Malaysia (bnm)
8.5 Non-admitted Insurance Regulations
8.5.1 Overview
8.5.2 Intermediaries
8.5.3 Market Practices
8.5.4 Fines And Penalties
8.6 Company Registration And Operations
8.6.1 Types Of Insurance Organization
8.6.2 Establishing A Local Company
8.6.3 Foreign Ownership

8.6.4 Types Of License
8.6.5 Capital Requirements
8.6.6 Solvency Margins
8.6.7 Reserve Requirements
8.6.8 Investment Regulations
8.6.9 Statutory Return Requirements
8.6.10 Fee Structure
8.7 Taxation
8.7.1 Insurance Premium Or Policy Taxation
8.7.2 Corporate Tax
8.7.3 Vat
8.7.4 Captives
8.8 Legal System
8.8.1 Introduction
8.8.2 Access To Court
8.8.3 Alternative Dispute Resolution (adr)

9 Competitive Landscape And Strategic Insights
9.1 Overview
9.2 Leading Companies In The Malaysian Life Insurance Segment
9.3 Comparison Of The Top Five Insurers
9.3.1 Gross Written Premium
9.3.2 Net Earned Premium
9.3.3 Gross Claims
9.3.4 Paid Claims
9.3.5 Total Assets
9.3.6 Total Investment Income
9.4 Great Eastern Life Assurance (malaysia) Bhd - Company Overview
9.4.1 Great Eastern Life Assurance (malaysia) Bhd - Key Facts
9.4.2 Great Eastern Life Assurance (malaysia) Bhd ? Key Financials
9.5 Prudential Assurance Malaysia Bhd - Company Overview
9.5.1 Prudential Assurance Malaysia Bhd - Key Facts
9.5.2 Prudential Assurance Malaysia Bhd ? Key Financials
9.6 Ing Insurance Bhd - Company Overview
9.6.1 Ing Insurance Bhd - Key Facts
9.6.2 Ing Insurance Bhd ? Key Financials
9.7 American International Assurance Bhd - Company Overview
9.7.1 American International Assurance Bhd - Key Facts
9.7.2 American International Assurance Bhd ? Key Financials
9.8 Hong Leong Assurance Bhd - Company Overview
9.8.1 Hong Leong Assurance Bhd - Key Facts
9.8.2 Hong Leong Assurance Bhd - Key Financials

9.9 Allianz Malaysia Bhd - Company Overview
9.9.1 Allianz Malaysia Bhd - Key Facts
9.9.2 Allianz Malaysia Bhd ? Key Financials
9.10 Zurich Insurance Malaysia Bhd - Company Overview
9.10.1 Zurich Insurance Malaysia Bhd - Key Facts
9.10.2 Zurich Insurance Malaysia Bhd ? Key Financials
9.11 Etiqa Insurance Berhad - Company Overview
9.11.1 Etiqa Insurance Berhad - Key Facts
9.11.2 Etiqa Insurance Berhad? Key Financials
9.12 Mcis Zurich Insurance Bhd - Company Overview
9.12.1 Mcis Zurich Insurance Bhd - Key Facts
9.12.2 Mcis Zurich Insurance Bhd ? Key Financials
9.13 Tokio Marine Life Insurance Malaysia Bhd- Company Overview
9.13.1 Tokio Marine Life Insurance Malaysia Bhd- Key Facts
9.13.2 Tokio Marine Life Insurance Malaysia Bhd? Key Financials

10 Business Environment And Country Risk
10.1 Business Confidence
10.1.1 Market Capitalization Trend - Bursa Malaysia, Malaysia
10.2 Economic Performance
10.2.1 Net Foreign Direct Investment
10.2.2 Gdp At Constant Prices (us$)
10.2.3 Gdp Per Capita At Constant Prices (us Dollar)
10.2.4 Gdp At Current Prices (us Dollar)
10.2.5 Gdp Per Capita At Current Prices (us Dollar)
10.2.6 Gdp By Key Segments
10.2.7 Agriculture, Hunting, Forestry And Fishing Net Output At Current Prices (us Dollar)
10.2.8 Agriculture, Hunting, Forestry And Fishing Net Output At Current Prices As A Percentage Of Gdp
10.2.9 Manufacturing Net Output At Current Prices (us$)
10.2.10 Manufacturing Net Output At Current Prices As A Percentage Of Gdp
10.2.11 Mining, Manufacturing And Utilities At Current Prices (us$)
10.2.12 Mining, Manufacturing And Utilities At Current Prices As Percentage Of Gdp
10.2.13 Construction Net Output At Current Prices (us$)
10.2.14 Construction Net Output At Current Prices As A Percentage Of Gdp
10.2.15 Inflation Rate
10.2.16 Current Account Balance As A Percentage Of Gdp
10.2.17 Exports As A Percentage Of Gdp
10.2.18 Imports As A Percentage Of Gdp
10.2.19 Exports Growth
10.2.20 Imports Growth
10.2.21 External Debt As A Percentage Of Gdp
10.2.22 Annual Average Exchange Rate Us$-myr

10.2.23 International Tourist Receipts
10.2.24 Total Length Of Roads And Railways
10.3 Infrastructure Quality And Availability
10.3.1 Commercial Vehicles Imports Total Value
10.3.2 Commercial Vehicles Exports Total Value
10.3.3 Automotive Exports Total Value
10.3.4 Automotive Imports Total Value
10.3.5 Life Expectancy
10.3.6 Total Internet Subscribers
10.4 Labor Force
10.4.1 Labor Force
10.4.2 Unemployment Rate
10.5 Demographics
10.5.1 Household Consumption Expenditure (us$)
10.5.2 Gross National Disposable Income
10.5.3 Total Population
10.5.4 Urban And Rural Populations
10.5.5 Female Percentage Of The Population
10.5.6 Male Percentage Of The Population
10.5.7 Median Age Of The Population
10.5.8 Age Distribution Of The Total Population
10.5.9 Number Of Households

11 Appendix
11.1 Methodology
11.2 Contact Timetric
11.3 About Timetric
11.4 Timetric's Services
11.5 Disclaimer

ResearchMoz(http://www.researchmoz.us/) is the one stop online destination to find and buy market research
reports & Industry Analysis. We fulfill all your research needs spanning across industry verticals with our
huge collection of market research reports. We provide our services to all sizes of organizations and across all
industry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well as
publishers and will assist you in making an informed decision by giving you unbiased and deep insights on
which reports will satisfy your needs at the best price.
Contact:
M/s Sheela,
90 State Street,
Suite 700,

Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free 866-997-4948
Email: sales@researchmoz.us
Website: http://www.researchmoz.us/


Life Insurance in Malaysia, Key Trends and Opportunities to 2017:Industry Analysis Report

Recomendados

Recomendados

Mais conteúdo relacionado

Destaque

Destaque (13)

Último

Último (20)

Life Insurance in Malaysia, Key Trends and Opportunities to 2017:Industry Analysis Report