Personal Accident and Health Insurance in Malaysia, Key Trends and Opportunities to 2018


#282383

221pages

Timetric

$ 1950

In Stock

Synopsis

Timetric’s 'Personal Accident and Health Insurance in the Malaysia, Key Trends and Opportunities to 2018' report provides in-depth market analysis, information and insights into the Malaysian personal accident and health insurance segment, including:
  • The Malaysian personal accident and health insurance segment’s growth prospects by insurance category
  • Key trends, drivers and challenges for the personal accident and health insurance segment
  • The various distribution channels in the Malaysian personal accident and health insurance segment
  • The detailed competitive landscape in the personal accident and health insurance segment in Malaysia
  • Detailed regulatory policies of the Malaysian insurance industry
  • Analysis of various consumer segments in Malaysian personal accident and health insurance
  • New product launches of leading personal accident and health insurance companies

Executive summary

Timetric’s 'Personal Accident and Health Insurance in the Malaysia, Key Trends and Opportunities to 2018' report provides detailed analysis of the market trends, drivers, challenges in the Malaysian personal accident and health insurance segment. It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions during the review period (2009–2013) and forecast period (2013–2018). The report also analyzes distribution channels operating in the segment, and provides detailed information on the competitive landscape in the country. 

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in regulatory structure.

Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in Malaysia:
  • It provides historical values for the Malaysian personal accident and health insurance segment for the report’s 2009–2013 review period, and projected figures for the 2013–2018 forecast period.
  • It offers a detailed analysis of the key categories in the Malaysian personal accident and health insurance segment, along with market forecasts until 2018.
  • It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions.
  • It analyses the various distribution channels for personal accident and health insurance products in Malaysia.
  • It profiles the top personal accident and health insurance companies in Malaysia and outlines the key regulations affecting them.

Reasons to buy

  • Make strategic business decisions using in-depth historic and forecast market data related to the Malaysian personal accident and health insurance segment and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Malaysian personal accident and health insurance segment.
  • Assess the competitive dynamics in the personal accident and health insurance segment.
  • Identify the growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the Malaysian insurance industry and their impact on companies and the industry's future.

Key highlights

  • In terms of gross written premium, the Malaysian personal accident and health segment valued MYR2.2 billion (US$0.7 billion) in 2013. 
  • Factors such as rising healthcare costs, an increase in outbound travelers and a rise in life expectancy supported the segment’s growth during the review period.
  • Changing lifestyle patterns and a rising number of high-risk diseases such as diabetes, respiratory disorders and other critical illnesses led to a rise in healthcare costs, which is generating demand for health insurance products.
  • Through its Economic Transformation Program (ETP), the Malaysian government implemented compulsory private medical insurance for expatriates in July 2014.
  • In addition, the government’s healthcare initiatives (including the implementation of compulsory norms for health insurance for the foreigners who are working in Malaysia) encouraged health insurance business in the country.
  • The Malaysian aviation industry incurred significant losses due to the disappearance of flight MH370, as well as the plane shot down over Ukraine in July 2014.