Insurance industry in Malaysia

Statistics report on the insurance industry in Malaysia

Insurance industry in Malaysia

This report presents statistical facts on the insurance industry in Malaysia. It provides an overview of the industry in the country with its key performance indicators, followed by an in-depth look on the life insurance and non-life insurance sectors, including medical and motor insurance. It also contains information on leading companies and Malaysian consumers' perspective.

Table of contents

Overview

4
  • Premium Statistic GDP from insurance in Malaysia 2015-2023
  • Premium Statistic Share of insurance to the GDP in Malaysia 2015-2023
  • Premium Statistic Net FDI flows to Malaysia in finance and insurance 2014-2023
  • Premium Statistic Number of people employed in the finance and insurance industry in Malaysia 2015-2023

Life insurance

5
  • Premium Statistic Annual premiums of life insurance companies in Malaysia 2014-2023
  • Premium Statistic Total premiums of new life insurance business in Malaysia 2014-2023
  • Premium Statistic Number of life insurance policies Malaysia 2014-2023, by type
  • Premium Statistic Total sums insured of life insurance in Malaysia 2014-2023, by type
  • Premium Statistic Number of agents at life insurance companies in Malaysia 2014-2023

Non-life insurance

4
  • Premium Statistic Written premium earning value by general insurances in Malaysia 2014-2023
  • Premium Statistic Net claim value of general insurances in Malaysia 2014-2023
  • Premium Statistic Incurred claims ratio of general insurance in Malaysia 2014 to 2023
  • Premium Statistic Net earned premiums in Malaysia 2023, by line of business

Health and accident insurance

5
  • Premium Statistic Net premiums of medical and health insurance in Malaysia 2014-2023
  • Premium Statistic Gross written premium value by medical insurances in Malaysia 2014-2023
  • Premium Statistic Claim ratio of medical and health insurances in Malaysia 2014-2023
  • Premium Statistic Net premiums of personal accident insurance in Malaysia 2014-2023
  • Premium Statistic Claim ratio of P.A. insurances in Malaysia 2014-2023

Motor insurance

3
  • Premium Statistic Net premiums of motor insurance in Malaysia 2014-2023
  • Premium Statistic Gross written premium value of motor insurance in Malaysia 2014-2023
  • Premium Statistic Claim ratio of motor insurances in Malaysia 2014-2023

Takaful

4
  • Premium Statistic Gross written contributions of takaful in Malaysia 2014-2023
  • Premium Statistic Net earned contributions of takaful in Malaysia 2014 to 2023
  • Premium Statistic Incurred claims ratio of takaful in Malaysia 2014 to 2023
  • Premium Statistic Operating profit of takaful in Malaysia 2014 to 2023

Leading companies

6
  • Premium Statistic Gross written premium of Allianz Malaysia Bhd 2017-2023
  • Premium Statistic Gross earned premiums of Great Eastern Life Malaysia 2017-2023
  • Premium Statistic Gross earned premiums of Maybank Ageas Holdings Bhd 2017-2022
  • Premium Statistic Insurance revenue of Maybank Ageas Holdings Bhd 2022-2023
  • Premium Statistic Gross earned premiums of Prudential Malaysia 2017-2022
  • Premium Statistic Insurance revenue of Prudential Malaysia 2022-2023

Consumer perspective

3
  • Premium Statistic Preference in buying insurance policy in Malaysia 2024
  • Premium Statistic Ownership of life insurance policy in Malaysia 2024
  • Premium Statistic Ownership of medical insurance in Malaysia 2024

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