Malaysia Life Insurance Sector Witnessing Positive Outlook : Ken Research REQUEST FOR SAMPLE REPORT Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit According to Ken Research Financial crisis or financial instability affects the growth of global insurance premiums in the economy. Global insurance premium were growing at a higher rate in the pre-crisis period as compared to the period after the crisis. It provides detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance. The report specifies various requirements for the establishment and operation of insurance and reinsurance companies and intermediaries, according to Ken Research. Challenges in front of insurers to capture major market share Insurers need to strengthen their relations with the consumers There is a need for huge investment in data analytics so that insurer can differentiate between a fraud and an actual claim, optimize claim outcomes and reduce risks Need to be active on social media to address mass consumers Growing number of insurers and hence threat from competitors Set the rate of premium very carefully otherwise insurer can lose all his market share Working under the regulatory initiatives framed by the government Tax challenges for the insurers Providing insurance in disaster prone areas is a big risk to insurers Sometimes insurers approach reinsurers to share profits and risk There are various challenges and benefits to insurers. Insurance in disaster prone areas are generally reinsured because there is a very high probability that the is consumer is going to claim the money. Increasing awareness among the semi urban and rural areas about insurance is adding to the growth to the insurance premiums. The Malaysia life insurance industry has reported to register a growth of 20.8% in new business weighted premium during first half of 2016. According to the Life Insurance Association of Malaysia (LIAM), the new business weighted premiums recorded to RM2.44 billion in the first half as compared to RM2.02 billion during the same period previous year. The life insurance industry is witnessing shifts and major developments led by its products and services for the rakyat as outlined under the Life Insurance and Family Takaful Framework (LIFE Framework) which came into force on Nov 23, 2015. , according to Ken Research. To know more on Malaysia Insurance Sector, click on the link below: https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/governance-risk-compliance-malaysian/42052-93.html Contact: Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Post Views: 3 Tags: analysis of the insurance regulations for life, Central Bank of Malaysia or Bank Negara Malaysia, Insurance against liability for pollution, insurance regulatory framework in Malaysia, International Association of Insurance Supervisors, Legislation Overview and Historical Evolution, Malaysia-Fire Insurance: Perils and Premium Rate, Malaysia-Insurance Regulatory Framework Key Features, Malaysia-Insurance Supervision and Control, Malaysia-Liability Insurance Regulatory Framework, Malaysia-Life Insurance Regulatory Framework, Malaysia-Motor Insurance Rating Tariff, Malaysia-Motor Insurance Regulatory Framework, Malaysia-Premium Loading on Basic Rate, Malaysia-Property Insurance Regulatory Framework, Malaysia-Short Period Insurance Premium Rates, The Malaysian Insurance Industry analysis, The Malaysian Insurance Industry growth, The Malaysian Insurance Industry market growth, The Malaysian Insurance Industry market size, The Malaysian Insurance Industry report, The Malaysian Insurance Industry Research, The Malaysian Insurance Industry Research report