Insurance News
Brief insurance news and digest for the busy executives. A handy insurance news archive with main focus on Malaysia. Disclaimer: While all attempts are made to ensure the accuracy of the news herein, we will not be liable for any loss arising from the use of any information contained in this blog. You may reproduce materials published here provided the source (news.actuaries.com.my) is properly acknowledged.
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Friday, 13 March 2009
Industry New Business Statistics
The general insurance industry grew 3.2% in 2008 recording RM10.5 bil gross direct premium, contributed strongly by the non-motor sector.
Other industry statistics:
- Medical & health grew 16.7%
- Liabilities grew 10.5%
- PA grew 9.2%
- Life insurance NB annual premium equivalent: RM7.2 bil (2008), RM7.6 bil (2007)
- Ordinary life: 18.6% growth
Source: The Star
Labels: General Insurance, Life Insurance, Nice2Know
About Me
- Name: Teh Loo Hai
- Location: Kuala Lumpur, Malaysia
Loo Hai is an actuarial recruiter cum actuarial consultant. He has over 20 years of work experience gained in Malaysia and Australia in the actuarial, insurance, takaful and pension fields.
Previous Posts
- No plan to sell stake in AIG General
- AIA to be split from AIG
- Managing insurance business during crisis
- Bakarudin now AG of BNM
- Meet the President of IAAust
- Philamlife will not be sold separately
- PruBSN to get more aggressive in bancatakaful
- Affin to acquire stake in BH Insurance
- HSBC Amanah Takaful has new CEO
- AIA and RHB in bancassurance tie-up
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