Market Attractiveness and Future Prospects of the Malaysian Takaful Insurance Industry
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GlobalData’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 GlobalData’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages.
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.
• 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.
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.
Table of Contents
1 Key Facts and Highlights
2 Analysis of Malaysian Takaful Market Dynamics
3 Takaful Life Insurance Segment Trends
3.1 Policies and Premiums
3.1.1 Gross written premium
3.1.2 Premiums per capita
3.1.4 Number of active policies
3.2 Claims and Expenses
3.2.2 Loss ratio
3.2.3 Commissions and expenses
3.3 Assets and Investments
3.3.1 Total assets
3.3.2 Total investment income
4 Takaful Life Insurance Sub-Segments
4.1 Takaful Individual Life Insurance
4.1.1 Direct written premium
4.1.2 Number of active policies
4.2 Takaful Group Life Insurance
4.2.1 Direct written premium
4.2.2 Number of active policies
5 Takaful Non-Life Insurance Segment Trends
5.1 Policies and Premiums
5.1.1 Gross written premium
5.1.2 Premiums per capita
5.2 Claims and Expenses
5.2.1 Paid claims
5.2.2 Loss ratio
5.2.3 Commissions and expenses
5.3 Assets and Investments
5.3.1 Total assets
5.3.2 Total investment income
6 Takaful Non-Life Insurance Categories
6.1 Takaful Property Insurance
6.1.1 Direct written premium
6.2 Takaful Motor Insurance
6.2.1 Direct written premium
6.3 Takaful Liability Insurance
6.3.1 Direct written premium
6.4 Takaful Marine, Aviation and Transit Insurance
6.4.1 Direct written premium
7 Takaful Personal Accident and Health Segment Trends
7.1 Policies and Premiums
7.1.1 Gross written premium
7.1.2 Premiums per capita
7.2 Claims and Expenses
7.2.1 Paid claims
7.2.2 Loss ratio
7.2.3 Commissions and expenses
7.3 Assets and Investments
7.3.1 Total assets
7.3.2 Total investment income
8 Takaful Reinsurance
8.1 Premium Ceded
9.1 Takaful Life Insurance
9.1.1 Policies and premium
9.1.2 Claims and expenses
9.1.3 Assets and investments
9.1.4 Individual life insurance
9.1.5 Individual life insurance by product
9.1.6 Group life insurance
9.1.7 Group life insurance by product
9.1.8 Individual life – Single vs non-single premium
9.1.9 Group life – Single vs non-single premium
9.2 Takaful Non-Life Insurance
9.2.1 Policies and premium
9.2.2 Claims and expenses
9.2.3 Assets and investments
9.2.4 Property insurance
9.2.5 Property insurance by product
9.2.6 Motor insurance
9.2.7 Motor insurance by product
9.2.8 Liability insurance
9.2.9 Marine, aviation and transit insurance
9.3 Takaful Personal Accident and Health Insurance
9.3.1 Policies and premium
9.3.2 Claims and expenses
9.3.3 Assets and investments
10 Definitions and Methodology
11 About GlobalData
11.1 Contact GlobalData
11.2 About GlobalData
11.3 GlobalData’s Services
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