Trends and Opportunities in the Malaysian Personal Accident and Health Insurance Industry to 2016: Market Profile

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					Trends and Opportunities in the
Malaysian Personal Accident and
Health Insurance Industry to
2016: Market Profile
Market Profile

Reference code: IN1097MP

Published: October 2012

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 TABLE OF CONTENTS



TABLE OF CONTENTS

1      Introduction ..................................................................................................................... 7
    1.1 What is this Report About? ........................................................................................................ 7
    1.2 Definitions ................................................................................................................................. 7
    1.3 Methodology ............................................................................................................................. 9
2      Malaysian Insurance Industry Attractiveness............................................................. 11
    2.1 Insurance Industry Market Size, 2007–2016 ........................................................................... 13
    2.2 Key Industry Trends and Drivers ............................................................................................. 17
        2.2.1     Business drivers ............................................................................................................................... 17
        2.2.2     Consumer drivers ............................................................................................................................. 18
    2.3 Recent Market Developments ................................................................................................. 19
3      Personal Accident and Health Insurance Segment Outlook ..................................... 20
    3.1 Personal Accident and Health Insurance Growth Prospects by Category ................................ 21
        3.1.1     Personal accident category .............................................................................................................. 52
        3.1.2     Travel insurance category ................................................................................................................ 58
        3.1.3     Health insurance category ................................................................................................................ 64
4      Analysis by Distribution Channels .............................................................................. 70
    4.1 Direct Marketing Channel ........................................................................................................ 72
    4.2 Bancassurance Channel ......................................................................................................... 80
    4.3 Agencies Channel ................................................................................................................... 88
    4.4 E-Commerce Channel ............................................................................................................. 96
    4.5 Brokers Channel ................................................................................................................... 104
    4.6 Other Channels ..................................................................................................................... 112
5      Appendix ...................................................................................................................... 120
    5.1 Methodology ......................................................................................................................... 120
    11.2 Contact Us ........................................................................................................................... 120
    11.3 About Timetric ...................................................................................................................... 120
    11.4 Disclaimer ............................................................................................................................ 121




Trends and Opportunities in the Malaysian Personal Accident and Health Insurance Industry
                                                                                                                                                                    Page 2
to 2016: Market Profile

© Timetric. This product is licensed and is not to be photocopied                                                                              Published: October 2012
 TABLE OF CONTENTS



LIST OF FIGURES
Figure 1: Malaysian Insurance Overall Written Premium by Segment (MYR Billion), 2007–2016 ................................................................. 15
Figure 2: Malaysian Insurance Market Dynamics by Segment, 2007–2016 ................................................................................................. 16
Figure 3: Malaysian Personal Accident and Health Insurance Written Premium by Category (MYR Billion), 2007–2016.............................. 23
Figure 4: Malaysian Personal Accident and Health Insurance Written Premium by Category (% Share), 2011 and 2016 ........................... 23
Figure 5: Malaysian Personal Accident and Health Insurance Market Dynamics by Category, 2007–2016 .................................................. 24
Figure 6: Malaysian Personal Accident and Health Insurance – Earned Premium (MYR Billion), 2007–2011 .............................................. 25
Figure 7: Malaysian Personal Accident and Health Insurance – Earned Premium (MYR Billion), 2011–2016 .............................................. 26
Figure 8: Malaysian Personal Accident and Health Insurance – Paid Claims by Category (MYR Billion), 2007–2016 .................................. 29
Figure 9: Malaysian Personal Accident and Health Insurance – Incurred Loss by Category (MYR Billion), 2007–2016................................ 32
Figure 10: Malaysian Personal Accident and Health Insurance – Loss Ratio (%), 2007–2011 ..................................................................... 33
Figure 11: Malaysian Personal Accident and Health Insurance – Loss Ratio (%), 2011–2016 ..................................................................... 34
Figure 12: Malaysian Personal Accident and Health Insurance – Commission and Expenses (MYR Billion), 2007–2011 ............................ 35
Figure 13: Malaysian Personal Accident and Health Insurance – Commission and Expenses (MYR Billion), 2011–2016 ............................ 36
Figure 14: Malaysian Personal Accident and Health Insurance – Combined Ratio (%), 2007–2011............................................................. 37
Figure 15: Malaysian Personal Accident and Health Insurance – Combined Ratio (%), 2011–2016............................................................. 38
Figure 16: Malaysian Personal Accident and Health Insurance – Frauds and Crimes (MYR Billion), 2007–2011 ......................................... 39
Figure 17: Malaysian Personal Accident and Health Insurance – Frauds and Crimes (MYR Billion), 2011–2016 ......................................... 40
Figure 18: Malaysian Personal Accident and Health Insurance – Total Assets (MYR Billion), 2007–2011 ................................................... 41
Figure 19: Malaysian Personal Accident and Health Insurance – Total Assets (MYR Billion), 2011–2016 ................................................... 42
Figure 20: Malaysian Personal Accident and Health Insurance – Total Investment Income (MYR Billion), 2007–2011 ................................ 43
Figure 21: Malaysian Personal Accident and Health Insurance – Total Investment Income (MYR Billion), 2011–2016 ................................ 44
Figure 22: Malaysian Personal Accident and Health Insurance – Retentions (MYR Billion), 2007–2011 ...................................................... 45
Figure 23: Malaysian Personal Accident and Health Insurance – Retentions (MYR Billion), 2011–2016 ...................................................... 46
Figure 24: Malaysian Personal Accident and Health Insurance – Investment Portfolio (MYR Billion), 2007–2011 ........................................ 47
Figure 25: Malaysian Personal Accident and Health Insurance – Investment Portfolio (% Share), 2007 and 2011....................................... 47
Figure 26: Malaysian Personal Accident and Health Insurance Penetration (% of GDP), 2007–2011 .......................................................... 48
Figure 27: Malaysian Personal Accident and Health Insurance – Number of Policies Sold (Thousand), 2007–2011 .................................... 49
Figure 28: Malaysian Personal Accident and Health Insurance – Number of Policies Sold (Thousand), 2011–2016 .................................... 50
Figure 29: Malaysian Personal Accident and Health Insurance – Premium Per Capita (MYR), 2007–2011 ................................................. 51
Figure 30: Malaysian Personal Accident Insurance Category – Number of Policies Sold (Thousand), 2007–2011....................................... 52
Figure 31: Malaysian Personal Accident Insurance Category – Number of Policies Sold (Thousand), 2011–2016....................................... 53
Figure 32: Malaysian Personal Accident Insurance Category – Written Premium (MYR Billion), 2007–2011 ............................................... 54
Figure 33: Malaysian Personal Accident Insurance Category – Written Premium (MYR Billion), 2011–2016 ............................................... 55
Figure 34: Malaysian Personal Accident Insurance Category – Loss Ratio (%), 2007–2011 ........................................................................ 56
Figure 35: Malaysian Personal Accident Insurance Category – Loss Ratio (%), 2011–2016 ........................................................................ 57
Figure 36: Malaysian Travel Insurance Category – Number of Policies Sold (Thousand), 2007–2011 ......................................................... 58
Figure 37: Malaysian Travel Insurance Category – Number of Policies Sold (Thousand), 2011–2016 ......................................................... 59
Figure 38: Malaysian Travel Insurance Category – Written Premium (MYR Billion), 2007–2011 .................................................................. 60
Figure 39: Malaysian Travel Insurance Category – Written Premium (MYR Billion), 2011–2016 .................................................................. 61
Figure 40: Malaysian Travel Insurance Category – Loss Ratio (%), 2007–2011 .......................................................................................... 62
Figure 41: Malaysian Travel Insurance Category – Loss Ratio (%), 2011–2016 .......................................................................................... 63
Figure 42: Malaysian Health Insurance Category – Number of Policies Sold (Thousand), 2007–2011......................................................... 64
Figure 43: Malaysian Health Insurance Category – Number of Policies Sold (Thousand), 2011–2016......................................................... 65
Figure 44: Malaysian Health Insurance Category – Written Premium (MYR Billion), 2007–2011 ................................................................. 66
Figure 45: Malaysian Health Insurance Category – Written Premium (MYR Billion), 2011–2016 ................................................................. 67
Figure 46: Malaysian Health Insurance Category – Loss Ratio (%), 2007–2011 .......................................................................................... 68
Figure 47: Malaysian Health Insurance Category – Loss Ratio (%), 2011–2016 .......................................................................................... 69
Figure 48: Malaysian Personal Accident and Health Insurance Written Premium by Distribution Channel (% Share), 2011 and 2016 ......... 71
Figure 49: Malaysian Personal Accident and Health Insurance – Direct Marketing Commission Paid (MYR Billion), 2007–2011 ................. 72
Figure 50: Malaysian Personal Accident and Health Insurance – Direct Marketing Commission Paid (MYR Billion), 2011–2016 ................. 73
Figure 51: Malaysian Personal Accident and Health Insurance – Written Premium Through Direct Marketing (MYR Billion), 2007–2011 .... 74
Figure 52: Malaysian Personal Accident and Health Insurance – Written Premium Through Direct Marketing (MYR Billion), 2011–2016 .... 75
Figure 53: Malaysian Personal Accident and Health Insurance – Policies Sold Through Direct Marketing (Thousand), 2007–2011............. 76
Figure 54: Malaysian Personal Accident and Health Insurance – Policies Sold Through Direct Marketing (Thousand), 2011–2016............. 77
Figure 55: Malaysian Personal Accident and Health Insurance – Number of Direct Marketing Distributors, 2007–2011............................... 78
Figure 56: Malaysian Personal Accident and Health Insurance – Number of Direct Marketing Distributors, 2011–2016............................... 79
Figure 57: Malaysian Personal Accident and Health Insurance – Bancassurance Commission Paid (MYR Billion), 2007–2011 .................. 80
Figure 58: Malaysian Personal Accident and Health Insurance – Bancassurance Commission Paid (M
				
DOCUMENT INFO
Description: This report is the result of extensive research into the personal accident and health insurance segment in Malaysia, covering key trends, drivers and industry attractiveness. It provides insights into the market size and forecast for the personal accident and health insurance segment and categories such as individual and group life insurance with details of the products in each market. This report also provides an analysis of the various distribution channels in the Malaysian personal accident and health insurance industry.
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