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AM Best has maintained a stable outlook for the Malaysia’s non-life insurance market. According to the rating agency, regulatory reforms and continued economic growth are supporting premium expansion and driving greater insurance penetration.
The gradual liberalization of motor and fire insurance rates, the market’s two largest lines of business, is encouraging product innovation while raising the quality of customer service.
The stable outlook also reflects the strong underwriting performance of P&C insurers, supported by disciplined risk selection and sound pricing practices.
