Malaysia Online Insurance Sector

Digital Disruption in Malaysian Insurance Industry: Ken Research

Covid-19 accelerated the trend of digital transformation with many more consumers adopting online during lockdown to manage their everyday life needs. Additionally, the government’s policy of insuring the uninsured has progressively pushed insurance penetration in Malaysia and led to a proliferation of insurance schemes. 1.  Malaysia’s digital economy is flourishing, thanks to a number of… Read More »

Malaysia Online Insurance Industry is expected to grow by Increase in Internet Penetration, Government support Along with Low Cost of Infrastructure: Ken Research

Malaysians are embracing digital channels for their insurance needs. The market is currently in growth stage, with increasing adoption driven by a wide network of agents, insurance aggregators, financial advisors and online websites. Malaysia Insurance market ecosystem constitutes of entities such as Insurance Companies (Offline & Online), Online Aggregators, and two regulatory bodies. To Know… Read More »

Increase in smartphone and internet penetration, Government support, covid-19 pandemic, and low cost of infrastructure is expected to drive Malaysia Online Insurance Industry: Ken Research

Malaysia Online Insurance Industry Overview: Increasing Internet and Smartphone penetration, low infrastructural cost and covid-19 pandemic have collectively influenced the demand of Online Insurance users in the country. Players in Insurance industry are aiming to provide online services to cater the untapped and under exploited market. Medical inflation is increasing at more than 10% since… Read More »