Malaysian insurance industry to reach $26.7bn in 2026

Written by Adam Cadle

06/09/2022

The Malaysian insurance industry will grow at a compound annual growth rate (CAGR) of 8.4% from MYR 73.1bn ($17.6bn) in 2021 to MYR 109.6bn ($26.7bn) in 2026, in terms of written premium, led by the life insurance and pension segment, GlobalData has estimated.

GlobalData said Malaysia’s insurance industry grew by 7.6% in 2021 after declining by 2.8% in 2020 due to the COVID-19 pandemic-induced economic slowdown. The life insurance and pension segment accounted for 75.8% of written premiums in 2021. It is expected to grow at a CAGR of 9.5% during 2021-26.

General insurance accounted for the remaining 24.2% share of insurance premiums in 2021. The segment is expected to grow at a CAGR of 4.8% over 2021-26.

There are no related documents to show at this time.

Portfolio optimisation in today’s challenging market environment

Adam Cadle speaks to Dr Laura Ryan, Head of Research at Ardea Investment Management, about the firm’s insurance asset allocation optimisation tool and the reasons for developing it

The role ETFs can play in the ESG journey for insurers

Justin Wheeler, Head of UK iShares Asset Owner Distribution at BlackRock, and Mark Guirey, Head of EMEA Insurance Segment and UK Asset Owner Client Coverage at MSCI, discuss the drivers behind growth in this area, market reactions to COVID-19, and the role of indexing