04/04/2025
๐ ๐๐ฑ๐๐ข๐ญ๐ข๐ง๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐๐๐ฅ๐๐ฒ๐ฌ๐ข๐โ๐ฌ ๐๐๐ง๐๐ซ๐๐ฅ ๐๐ง๐ฌ๐ฎ๐ซ๐๐ง๐๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ!
๐๐ซ๐๐๐ญ ๐ง๐๐ฐ๐ฌ ! Malaysiaโs general insurance sector is on a robust growth trajectory. Forecasts indicate that direct written premiums (DWP) will rise from MYR22.6 billion in 2024 to MYR30.5 billion by 2028, reflecting a compound annual growth rate (CAGR) of 7.8%.
This surge is primarily driven by the motor and property insurance segments, which are expected to account for 73% of the DWP in 2024. Factors such as increased vehicle sales and heightened demand for natural catastrophe coverage are fueling this expansion.
Stay protected and informed as the industry evolves !