Malaysia's non-life sector is facing up to a slower rate of growth in line with lower GDP estimates for 2015. But PIAM Chairman, Mr Chua Seck Guan, remains optimistic and expects the market to still register positive growth, while it prepares for the final phases of de-tariffication.
By Ridwan Abbas
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Existing life players have to adjust to regulatory changes and re-strategise to succeed in new environment, says Mr Vincent Kwo, President of the Life Insurance Association of Malaysia (LIAM).
By Ridwan Abbas
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While Malaysia is facing short-term headwinds, its long-term fundamentals remain conducive for the sustainable growth of insurance, said AIG Malaysia CEO Antony Lee.
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Bank Negara Malaysia, the Malaysian regulator is looking to liberalise both the life and general insurance markets in the near term. At the same time, more requirements are being imposed by the regulator ahead of the anticipated liberalisation. Could liberalisation paradoxically create greater constraints on the industry? In this article, Mr Wan Saifulrizal Wan Ismail of Towers Watson Malaysia, highlights the recent regulatory and market developments as well as anticipated implications in the Malaysian insurance industry.
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By Ms Idahani Ismas (Partner) and Ms Lina Addnan (Associate), Zaid Ibrahim & Co (a member of ZICOlaw)
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