Malaysia Insurance Sector Report 2024-2025

Insurers have been operating in the Malaysian market for more than a century. Malaysia's conventional insurance companies are complemented by a takaful industry that is recognised globally. This industry offers a Shariah-compliant alternative to the traditional insurance sector, catering to the significant Muslim population of Malaysia. The takaful industry has expanded significantly since the Malaysian government announced its intention to transform the country into a global Islamic financial centre. Notwithstanding the extensive historical development of the insurance industry in Malaysia, insurance penetration remains notably below the worldwide mean. For instance, the penetration rate of life insurance has hovered around 54% for several years, which is significantly below the target of 75% set by the government and industry participants.

This report provides a complete and detailed analysis of the "Insurance" sector for Malaysia. EMIS Insights presents in-depth business intelligence in a standard format across countries and regions, providing a balanced mix between analysis and data.

What this report allows you to do:

• Understand the key elements at play in the "Insurance" sector in Malaysia
• Crystallise the forces both driving and restraining this sector in Malaysia
• Ascertain Malaysia’s position in the global sector
• Build a complete perspective on sector trade, investment and employment
• Understand the competitive landscape and who the major players are
• View M&A activity and major deals
• Gain an understanding of the regulatory environment for the sector in Malaysia.
• Build a clear picture of trends, output and consumption for specific sub-sectors