New Financial Services research report from Business Monitor International is now available from Fast Market Research

Boston, MA -- (SBWire) -- 11/20/2014 --Recent news flow from both the regulator and insurance companies themselves confirm our view that the Malaysian insurance sector is a strong, stable and dynamic industr y. The recent premium growth in the non-life sector has been predicated on a improving domestic economy and increased auto sales however with the introduction of greater product innovation it has the potential to grow premiums(Y-O-Y) further over the forecast period. While the life insurance has not had a comparatively successful year changes in regulation auger well for the long term prospects of the sector.

As of late 2014 the news flow suggest that long term prospects look on the whole positive for the life and non-life sector in the region. Malaysia is beginning to catch up with many other South East Asian which have seen massive growth in new business formation and profitability in the region, for example in AXAs most recent interim reports they had put a large amount of their new business growth in Asia down to recent surges in demand for non-life products (Particularly motor insurance) in Malaysia. Better than expected economic results in Malaysia also look like they will facilitate further growth in the non-life sector as the growth in GDP will result in higher disposable incomes which should translate into a higher demand for insurance products further down the line.

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On the other hand while the life market in Malaysia did not produce equally positive results in particular the takaful sector has done poorly there is underlying factors in the sector which suggest that it could increase growth throughout the forecast period. One of these is the fact that much of the larger MNC such as AXA, AIG and Allianz are planning to increase product innovation and diversify products in Malaysia. While this is not a new strategy it has been to be effective in other regions where increasing market penetration is a problem. Along with this the oncoming change of regulation should...

The Malaysia Insurance Report has been researched at source and features Business Monitor International (BMI)'s independent assessment and forecasts for the insurance sector. It examines industry developments, key growth drivers and risk management projections, including the macroeconomic situation, government policy, regulatory environment and the level of development and potential for growth, broken down by line. Leading insurers are profiled, covering premiums, products and services and competitive positioning.

BMI's Malaysia Insurance Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the Malaysian insurance industry.

Key Benefits

- Benchmark BMI's independent insurance industry forecasts for Malaysia to test other views - a key input for successful budgeting and strategic business planning in Malaysia's insurance market.

- Target business opportunities and risks in Malaysia through our reviews of latest industry trends, regulatory changes and major deals, investments and macroeconomic developments.

- Exploit latest competitive intelligence on your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).

Coverage

BMI Industry View

Summary of BMI's key industry forecasts and views, covering the Life and Non-Life segments, the evolving competitive landscape and business operational risks.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the insurance sector and within the broader political, economic and business environment.

Regional Outlook

Individual analysis of both Life and Non-Life insurance sector developments and prospects across developed states and emerging markets - supported by BMI's global industry growth forecasts. This is followed by an in-depth evaluation of region- and country-specific trends, focusing on BMI's country-by-country market growth data.

Business Environment Rankings

BMI's Insurance Business Environment Rankings provide a country-comparative Risk-Reward Rankings index aimed at investors (Life and Non-Life) in the insurance market.

The rankings methodology makes sophisticated use of over 40 industry, economic and demographic data points and is part of BMI's integrated Country Risk-Industry Rankings products.

BMI Industry Forecasts

Historic data series (2008-2012) and forecasts to end-2018 for key industry and economic indicators (see list below) supported by explicit assumptions, plus analysis of key risks to the main forecasts. Indicators include:

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