Magazine date:
May 2014 The volume of non life premiums in 2013 reported an increase of 6.4% at 16.2 billion MYR (4.9 billion USD). This increase has been driven by middle class growing demand, major development projects and awareness of the usefulness of insurance by consumers and companies.
The fire and motor classes respectively rose by 8.6% (847 million USD) and 7.8% (2.3 billion USD). The increase in the insurance activity for the current year is estimated at 6.9%. In 2014, the upward movement of consumer price index would support the sector's growth.