Malaysia’s insurance and takaful, or Islamic insurance, sector has recorded consistent growth in recent years. In 2015 total assets of both combined expanded by 5.6% to RM264bn ($65.3bn). Within the life insurance and family takaful sector, the growth of takaful contributions has been notable, accounting for almost 18% of new premiums and contributions. Insurance and takaful provide an...
Asia Financial Services
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Chapter | Capital Markets from The Report: Malaysia 2016
Amidst a mixed earnings performance around the world in 2015, Malaysia’s capital market posted modest growth over the course of the year. The sector grew by 2.1% in 2015, according to the Securities Commission Malaysia, the capital market regulator, to reach RM2.82trn ($698bn) by the end of the year, which was 2.5 times the size of the economy. Bursa Malaysia, the nation’s stock exchange,...
Chapter | Banking & IFS from The Report: Malaysia 2016
Although funding conditions in Malaysia are tightening due to prudential considerations and heightened macroeconomic risks, the banking system as a whole remains profitable, liquid and well capitalised. The country’s 27 domestic and foreign banking institutions are amongst the most dynamic in the region, serving clients at home as well as the wider South-east Asia region. An early adopter of...
Malaysia is enjoying uninterrupted momentum in attracting investment and trade flows destined for South-east Asia. As a leading trading nation it has the necessary infrastructure and determination to compete and partner with its ASEAN neighbors to create a more sustainable growth model.
Interviews & Viewpoints | Damayanthi Fernando, Director-General, Insurance Board of Sri Lanka (IBSL): Interview from The Report: Sri Lanka 2016
To what extent do you expect market restructuring following the rollout of new regulations?
Articles & Analysis | A raft of new regulations suggrests improved insurance sector performance in Sri Lanka from The Report: Sri Lanka 2016
As Sri Lanka’s economy has expanded over the past half decade, it’s insurance industry has grown apace, in the process becoming a vibrant and competitive market in its own right. Some 29 insurance companies were operating in Sri Lanka as of the beginning of 2016, at which point the sector’s total assets were valued at LKR394.2bn ($2.8bn),...