The Malaysian insurance sector is dynamic, and a liberal insurance market has resulted in both foreign and domestic insurers vying for market share. Malaysia is one of the world’s largest takaful* markets, and takaful operators compete directly with conventional insurers. Conventional insurers possess the largest share of the insurance market in Malaysia, although takaful operators will likely see faster growth for the foreseeable future given the relatively lower takaful penetration compared with conventional insurance. In recent years, the government has been gradually liberalising the insurance sector; for instance, by removing tariff restrictions on motor and fire insurance. This will probably foster greater diversity in the range of insurance products, and increase competition in the sector.

01 EXECUTIVE SUMMARY 

02 SECTOR IN FOCUS 

03 COMPETITIVE LANDSCAPE 

04 COMPANIES IN FOCUS

05 REGULATORY ENVIRONMENT 

06 LIFE INSURANCE 

07 FAMILY TAKAFUL 

08 GENERAL INSURANCE 

09 GENERAL TAKAFUL 

10 REINSURANCE 

11 RETAIL CHANNELS