October 9, 2017

Liberalisation to Create New Opportunities in Malaysia’s Insurance Sector

Ongoing reforms in Malaysia’s insurance industry should increase competition and cut premiums’ costs for consumers though a flatter economy has seen revenues dip as the market adjusts to a newly liberalised operating environment. Beginning 1st July 2017, the second phase of reforms to gradually ease tariffs in the motor and fire insurance segments came into effect as part of a larger effort to liberalise Malaysia’s insurance market. The second round