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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Sunday, 12 July 2009
Insurance outlook
Summary of views of various industry players on insurance outlook in 2H 2009:
Great Eastern
- The worst is over, export industry picking up, companies started recruiting
- 2H to be better than 1H
- Expect double-digit growth for whole year
- Distribution channel and products are key growth drivers
LPI Capital
- Export and construction sectors will provide growth
- Marine and fire insurance will benefit
- Need to be prudent in underwriting and have strong claims management in view of rising motor insurance claims (bodily injury and motor theft)
Manulife
- Regardless of economic cycles, insurance performs well
- Stimulus plans are positive
- External factors may affect growth pace
- Equity markets have not stabilised
Source: The Star
Labels: Great Eastern, Insurance, Lonpac, Manulife, Motor Insurance, Underwriting
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.
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