Malaysia
Malaysia sees stable non-life growth amidst premium rise
Malaysia sees stable non-life growth amidst premium rise
Gross direct premiums reached $5.43b in 2024, up 7% from the previous year.
Chubb Insurance Malaysia files IPO on Bursa with 300 million shares
Proceeds from the share sale will go entirely to Chubb INA.
Hong Leong Assurance introduces Legacy Wealth for Malaysia’s affluent
Malaysia’s high-net-worth population is projected to grow by 35% by 2028.
Allianz Malaysia opens new penang branch to expand northern reach
The new office is located on Jalan Sultan Ahmad Shah.
MSIG Malaysia ramps up data Investments to boost growth
Its CEO thinks industry growth lies in affordable insurance.
What will drive Malaysia’s life insurance market to bag $20.4b by 2029?
Policy ownership has increased from 41.5% in 2019 to 45.5% in 2024.
Zurich Malaysia launches EV insurance with charger cover
Zurich has also partnered with Gentari Green Mobility to boost EV charging visibility.
Malaysia rolls out voucher scheme to boost financial inclusion amongst gig workers
It gives recipients $7.10 (RM30) to buy insurance or takaful products.
Allianz Malaysia, ShopeePay roll out budget accident coverage
The plans are eligible for the govt’s Perlindungan Tenang Voucher Programme.
Allianz Malaysia offers cashless hospital cover in travel plan
Coverage extends to senior citizens up to age 85.
Allianz Malaysia lifts life profit 12.1% YoY with $61.1m in H1 2025
Group insurance revenue for the second quarter (Q2 2025) rose 10.9% YoY.
AM Best expects Malaysian Life Re performance to remain adequate in 2025
In 2024, Malaysian Life Re reported a negative insurance service result.
Over 90% of medical, health insurance and takaful policies saw hikes below 10%
The government has also rolled out the RESET initiative.
FWD Insurance, IBPO Group Berhad launch inclusive life cover with loan financing
Both are Shariah-compliant.
RHB signs bancassurance deals with Tokio Marine Life, Takaful Malaysia
RHB will distribute life insurance, family takaful, and general takaful products.
How will Malaysia’s general insurance market perform in 2025?
Pressures like new reciprocal tariffs from the US could impact future growth.
Zurich Malaysia launches AI assistant for agent support via WhatsApp
The tool is available 24/7, helping agents reduce turnaround time.
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CEO Phlaphongphanich said the industry is measuring the wrong things.
