Malaysian property and casualty insurance segment returned to growth in 2021


KUALA LUMPUR: The Malaysian property and casualty insurance market returned to growth with a solid 3% in 2021 after declining 0.6% in the previous year, said Allianz in its latest Global Insurance Report.

In a statement, the insurer said the life segment continued to experience robust growth of 8% as it benefitted from the increased risk awareness in the wake of the Covid-19 crisis.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Wasco debuts Asean sustainable finance framework
KIP-REIT buys retail asset in Perak
Jakarta fears labour law refit will impact fund flows
Stronger second half seen for Hap Seng Plantations
Transformative HR – the way forward for businesses
Senate probes unauthorised transactions
Vietnam lauds benefits of WTO membership
MAA projects vehicle sales to hit 800,000 in 2024
MISC’s net profit slips to RM339mil in 3Q
New contracts to drive Dayang’s profit

Others Also Read