Summary
Non-Life Insurance in Malaysia industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Non-life insurance is typically defined as any insurance not determined to be life insurance. It includes automobile and homeowners' policies and provides payments depending on the loss from a particular financial event.
- The Malaysian non-life insurance market recorded gross written premiums of $5 billion in 2024, representing a compound annual growth rate (CAGR) of 3.3% between 2019 and 2024.
- The motor segment accounted for the market's largest proportion in 2024, with total gross written premiums of $2.3 billion, equivalent to 45.2% of the market's overall value.
- In 2024, Malaysia accounted for 1.0% of the Asia-Pacific non-life insurance market.
Scope
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the non-life insurance market in Malaysia
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in Malaysia
- Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Malaysia non-life insurance market with five year forecasts
Reasons to Buy
- What was the size of the Malaysia non-life insurance market by value in 2024?
- What will be the size of the Malaysia non-life insurance market in 2029?
- What factors are affecting the strength of competition in the Malaysia non-life insurance market?
- How has the market performed over the last five years?
- How large is Malaysia’s non-life insurance market in relation to its regional counterparts?
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Table of Contents
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What are the strengths and strategies of the leading players?
7.3. What are the most recent developments in the market?
8 Company Profiles
8.1. Allianz Malaysia Berhad
8.2. Etiqa General Insurance Berhad
8.3. MSIG Insurance (Malaysia) Bhd
8.4. AmG Insurance Bhd
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: Malaysia non-life insurance market value: $ billion, 2019-24
Table 2: Malaysia non-life insurance market category segmentation: % share, by value, 2019-24
Table 3: Malaysia non-life insurance market category segmentation: $ billion, 2019-24
Table 4: Malaysia non-life insurance market geography segmentation: $ billion, 2024
Table 5: Malaysia non-life insurance market value forecast: $ billion, 2024-29
Table 6: Allianz Malaysia Berhad: Key Facts
Table 7: Allianz Malaysia Berhad: Annual Financial Ratios
Table 8: Allianz Malaysia Berhad: Key Employees
Table 9: Etiqa General Insurance Berhad: Key Facts
Table 10: Etiqa General Insurance Berhad: Key Employees
Table 11: MSIG Insurance (Malaysia) Bhd: Key Facts
Table 12: MSIG Insurance (Malaysia) Bhd: Key Employees
Table 13: AmG Insurance Bhd: Key Facts
Table 14: AmG Insurance Bhd: Key Employees
Table 15: Malaysia Size of Population (Million), 2020-24
Table 16: Malaysia Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 17: Malaysia GDP (Current Prices, $ Billion), 2020-24
Table 18: Malaysia Inflation, 2020-24
Table 19: Malaysia Consumer Price Index (Absolute), 2020-24
Table 20: Malaysia Exchange Rate, 2019-24
List of Figures
Figure 1: Malaysia non-life insurance market value: $ billion, 2019-24
Figure 2: Malaysia non-life insurance market category segmentation: $ billion, 2019-24
Figure 3: Malaysia non-life insurance market geography segmentation: % share, by value, 2024
Figure 4: Malaysia non-life insurance market value forecast: $ billion, 2024-29
Figure 5: Forces driving competition in the non-life insurance market in Malaysia, 2024
Figure 6: Drivers of buyer power in the non-life insurance market in Malaysia, 2024
Figure 7: Drivers of supplier power in the non-life insurance market in Malaysia, 2024
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Malaysia, 2024
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Malaysia, 2024
Figure 10: Drivers of degree of rivalry in the non-life insurance market in Malaysia, 2024
