Malaysian life insurers record 14% jump in premiums

Pedro Gonçalves
clock • 2 min read

Malaysia's life insurance sector registered a 14.19% growth in new business premiums to RM11.8bn in 2019, compared to RM10.3bn registered in 2018. The Life Insurance Association of Malaysia (LIAM), which represents 14 life insurance companies and two life reinsurance companies, said the increase was driven by strong growth in the traditional business segment, which grew 30.12%, as well as the investment-linked (up 11.05%) and group business (up 10.79%) segments. "The healthy performance of the life insurance industry reflects the increase in awareness among consumers on the importance...

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