KNOWLEDGE BASE
Safeguard your future
Insurance is an essential aspect for your future, as well as your family and child.
Take care of your healthcare
Get medical & health insurance to take care of you, your loved ones and your medical expenses.
Protect your possesions
Showcase your team, products, clients, about info, testimonials, latest posts from the blog, contact form, additional calls to action. Everything translation ready.
Covering your personal needs
Personal Accident Insurance & Travel Insurance to cater to your lifestyle.
COMPLAINTS/MEDIATION
If you have any complaints / disputes with your insurance. Find out how you can resolve them here
Verify Agent
Check if your insurance agent is registered and authorised to represent the insurer.
Accident Assist
Accident Assist, a new public service provided by the Malaysian insurance and takaful industry to members of the public who are seeking immediate roadside assistance in the event of a road accident
Insurance Terms
Understand the terms used in Insurance to better understand what to expect.
Malaysia Insurance Overview
Life Insurance Market
The current level of insurance and takaful penentration, at 54% still remains below the targeted lavel of 75%. It also reflects the enormous untapped potential in the Malaysia insurance sector.
General Insurance Market
The general insurance industry grew at a steady rate in 2014 with gross written premiums increasing by 5.9% to RM17.09 billion as compared to RM16.15 billion in 2013. In terms of market share, Motor Insurance remained status quo to be the largest class with a share of 46.4% of the total business underwritten (2013: 46.6%). This was followed by the Fire insurance class which stood at 17.3% (2013: 17.3%).
-
Market Penetration Rate (2017)
Both Insurance & Takaful
-
Motor Insurance biggest Sector
General Insurance (2017)
-
Biggest Distribution Channel
Agents (62%) Direct Business Channel (18%)
-
Life-Insured in Malaysia
are under-insured