Market Attractiveness and Future Prospects of the Malaysian Takaful Insurance Industry
Synopsis
Timetric’s 'Market Attractiveness and Future Prospects of the Malaysian Takaful Insurance Industry' report provides detailed analysis of the trends in the Malaysian takaful insurance industry.
It provides values for key performance indicators such as gross written premium, direct written premium, earned premium, claims, incurred loss, loss ratio, combined ratio, commissions and expenses, assets and investments during the review period (2011–2015) and forecast period (2015–2020).
The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages.
Summary
Timetric’s 'Market Attractiveness and Future Prospects of the Malaysian Takaful Insurance Industry' report provides in-depth industry analysis, information and insights into the takaful insurance industry in Malaysia, including:
• The Malaysian takaful insurance industry’s growth prospects by insurance segment and category
• The current trends in the Malaysian takaful insurance industry
Scope
This report provides a comprehensive analysis of the takaful insurance industry in Malaysia:
• It provides historical values for the Malaysian takaful insurance industry for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period.
• It offers a detailed analysis of the key segments and categories in the Malaysian takaful insurance industry, with forecasts to 2020.
• It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets and total investment income.
Reasons To Buy
• Make strategic decisions using in-depth historic and forecast industry data related to the Malaysian takaful insurance industry and each segment within it.
• Understand the demand-side dynamics, key trends and growth opportunities in the Malaysian takaful insurance industry.
• Identify the growth opportunities and market dynamics in key segments.
Key Highlights
• In 2015, the risk-based capital framework for takaful insurers received support through the introduction of an Internal Capital Adequacy Assessment Process (ICAAP) by Bank Negara Malaysia (BNM). It will review the capital adequacy of takaful insurers on an ongoing basis.
• In January 2014, BNM enacted a risk-based capital framework for takaful operators for the maintenance of capital adequacy levels based on the size of the insurer and risks undertaken.
• Agents are the main distribution channel for takaful products as they directly communicate with end consumers.
• The retakaful insurance segment is competitive, with the presence of foreign and domestic reinsurers.