Malaysia

The country profile below provides information on population, gross domestic product, insurance premiums and leading insurers.

Insurance Association

General Insurance Association of Malyasia
Web: www.piam.org.my

 

POPULATION, 2011-2014 (1)

Year Population
2011 28,728,607
2012 29,179,952
2013 29,628,392
2014 30,073,353

(1) Estimated.

Source: U.S. Central Intelligence Agency.

 

 

GROSS DOMESTIC PRODUCT, 2010-2014 (1)

(U.S. $ billions)

Year GDP
2010 $378.9
2011 416.7
2012 447.0
2013 525.0
2014 746.8

(1) Based on Purchasing Power Parity calculations, which take into account the relative cost of living and inflation rates of countries. GDP estimate for July for each year shown.

Source: U.S. Central Intelligence Agency.

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LIFE AND NONLIFE INSURANCE PREMIUMS, 2014

(U.S. $ millions)

  Direct premiums written
Nonlife premiums (1) $5,633
Life premiums 10,231
Total premiums $15,864
Percent of total world premiums 0.33%

(1) Includes accident and health insurance.

Source: Swiss Re, sigma, No. 4/2015.

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LEADING NONLIFE INSURANCE COMPANIES, 2015

 

  Gross written premiums
Company MYR Mn USD Mn
Allianz General Insurance Company (Malaysia) Berhad 2,169.2 555.4
AmGeneral Insurance Berhad 1,565.5 400.8
MSIG Insurance (Malaysia) Bhd 1,534.9 393.0
Etiqa Insurance Berhad 1,404.0 359.5
AXA Affin General Insurance Berhad 1,334.9 341.8
Lonpac Insurance Bhd 1,154.5 295.6
Tokio Marine Insurans (Malaysia) Berhad 1,060.4 271.5
ACE Jerneh Insurance Berhad 896.0 229.4
AIG Malaysia Insurance Berhad 721.1 184.6
Berjaya Sompo Insurance Berhad 698.4 178.8

Source: Axco Insurance Information Services.

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LEADING LIFE INSURANCE COMPANIES, 2014

 

  Gross written premiums
Company  MYR Mn    USD Mn  
AIA Bhd  7,190.4 2,197.0
Great Eastern Life Assurance (Malaysia) Bhd  6,779.4 2,071.4
Prudential Assurance Malaysia Bhd  5,445.7 1,663.9
Hong Leong Assurance Bhd  2,367.0 723.2
Allianz Life Insurance Malaysia Bhd  1,833.8 560.3
Etiqa Insurance Bhd  1,227.9 375.2
Tokio Marine Insurance Malaysia Bhd  1,070.5 327.1
Manulife Insurance Bhd  779.0 238.0
Zurich Insurance Malaysia Bhd  767.6 234.5
MCIS Insurance Bhd  564.2 172.4

Source: Axco Insurance Information Services.

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