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ASEAN MARKET REPORTS

Malaysia

General Information

Land Area 328,657 sq km.
Climate Tropical; annual southwest (April to October) and northeast (October to February) monsoons.
Capital Kuala Lumpur.
Form of Government Constitutional monarchy & parliamentary democracy.
Chief of State King Tuanku ABDUL HALIM Mu’adzam Shah.
Head of Government Prime Minister Mohamed NAJIB bin Abdul Razak.
Population (July 2015 est) 30,513,848.
Population Growth Rate (2015 est) 1.44%.
Ethnic Composition (2010 est) Malay 50.1%, Chinese 22.6%, indigenous 11.8%, Indian 6.7%, other 0.7%, non-citizens
8.2%.
Religious Affiliation (2010 est) Muslim (official) 61.3%, Buddhist 19.8%, Christian 9.2%, Hindu 6.3%, Confucianism,
Taoism, other traditional Chinese religions 1.3%, other 0.4%, none 0.8%, unspecified 1%.
Birth Rate (2015 est) per 1,000 population 19.71 births.
Death Rate (2015 est) per 1,000 population 5.03 deaths.
Infant Mortality Rate (2015 est) per 1,000 live births 13.27 deaths.
Life Expectancy at Birth (2015 est) Male 71.97 years; Female 77.73 years.

Economy

Monetary Unit RM1 (Malaysian Ringgit) = 100 cents.
Exchange Rate (10 Sep 2015) US$1 = RM4.36185 (Malaysian Ringgit).
GDP purchasing power parity (2014 est) US$746.1 billion.
GDP per capita (2014 est) US$24,700.

Insurance market structure

Number of registered insurers

Non-life insurers 2012 2013 2014 Non-life insurance 2012 2013 2014
Life insurers 20 20 19 3,530 3,756 3.974
9 9 9 Non-life – Statistics
(US$ mln & %) 302 340 381
Composite insurers 6 6 5
Professional reinsurers 7 7 7 Gross written premium
Takaful operators 12 11 11
Total 54 53 51 Underwriting results

Policies in force (US$ bln)Life insurance Non-life – Gross written premiums
Gross written premiums (US$ mln)
Net written premiums 4,100
4,000

3,900

(US$ mln) 2012 2013 2014 3,800 Total
Total premiums 9,812 9,985 10,231 3,700 2014
3,600
Life policies in force 3,500
3,400
400 3,300

350 0.063 0.084 2012

300 77.7 89.5 0.084 2013
250 86.9

200

150 242.0 253.2 219.1 Annuity
100 Investment-linked
Ordinary life
50

2012 2013 2014 Sources: sigma Report; 2015 ASEAN Insurance Statistical Report;
Persatuan Insurans Am Malaysia (PIAM)

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