Malaysia Insurance Sector Report 2025-2026

Insurers have been operating in the Malaysian market for more than a century. Malaysia has a globally recognised takaful industry that complements the conventional insurance industry. Malaysia's takaful operators offer a Shariah-compliant alternative to traditional insurance, catering to Malaysia's majority Muslim population. The takaful industry has expanded considerably since the Malaysian government announced its intention to transform the country into a global Islamic finance hub. Despite the insurance industry's long presence in Malaysia, insurance penetration remains lower than the global 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 "Banking and 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 "Banking and 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