Non-life sector boosts Malaysian insurance market prospects

Growth in Malaysia’s economy last year also benefited the country’s Takaful insurance market

Strong growth in the non-life sector driven by sustained economic activity and strong private consumption helped boost Malaysia’s insurance market in 2005. At the same time, operating results remained favourable for both the general and life sectors, supported by improved underwriting results, higher productivity and greater economies of scale, as well as the more efficient utilisation of capital, particularly among general insurers.