Executive summary

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Scope

• This report provides a comprehensive analysis of the reinsurance market in Malaysia:
• It provides historical values for Malaysia’s reinsurance market for the report’s 2007–2011 review period and forecast figures for the 2012–2016 forecast period
• It offers a detailed analysis of the key sub-segments in Malaysia’s reinsurance market, along with market forecasts until 2016
• It provides a detailed analysis of the reinsurance ceded from various direct insurance markets in Malaysia and its growth prospects
• It profiles the top reinsurance companies in Malaysia

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Key highlights

• The Malaysian reinsurance segment is expected to continue to record strong growth over the forecast period.
• The expansion of Malaysian direct insurance segments is also expected to support reinsurance growth.
• Over the forecast period, the Malaysian reinsurance segment is also expected to be impacted by the continuing effect of the country’s introduction of a risk-based capital model in 2009.
• The Malaysian reinsurance segment contains seven reinsurance companies, of which Malaysian Re is the country’s leading reinsurer.
• Malaysia’s current reinsurance regulations are expected to provide opportunities for new reinsurers in the country.

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Reasons to buy

• Make strategic business decisions using in depth historic and forecast market data related to the Malaysian reinsurance market and each sector within it
• Understand the demand-side dynamics, key market trends and growth opportunities within the Malaysian reinsurance market
• Assess the competitive dynamics in the reinsurance market
• Identify the growth opportunities and market dynamics within key product categories
• Gain insights into key regulations governing the Malaysian insurance market and its impact on companies and the market's future

Table of contents

1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Malaysian Insurance Industry Attractiveness
3.1 Insurance Industry Market Size, 2007–2016
3.2 Reinsurance Growth Dynamics and Challenges
3.2.1 Reinsurance market size, 2007–2016
3.2.2 Reinsurance market size by type of insurance, 2007–2016
4 Key Industry Trends and Drivers
4.1 Fundamental Business Drivers
4.2 Life Insurance Segment Drivers
4.3 Non-Life Insurance Segment Drivers
4.4 Personal Accident and Health Insurance Segment Drivers
5 Competitive Landscape and Strategic Insights
5.1 Overview
5.2 Leading Companies in the Malaysian Reinsurance Segment
5.3 Malaysian Reinsurance Berhad – Company Overview
5.3.1 Malaysian Reinsurance Berhad – key facts
5.4 Hannover Re Group – Company Overview
5.4.1 Hannover Re Group – key facts
5.5 Asia Capital Reinsurance Group Co. – Company Overview
5.5.1 Asia Capital Reinsurance Group Co. – key facts
5.6 Munich Re (Malaysia) – Company Overview
5.6.1 Munich Re (Malaysia) – key facts
5.7 Swiss Re – Company Overview
5.7.1 Swiss Re – key facts
5.8 The Toa Reinsurance Company Limited (Malaysia) – Company Overview
5.8.1 The Toa Reinsurance Company Limited (Malaysia) – key facts
6 Business Environment and Country Risk
6.1 Business Confidence
6.1.1 Business confidence indicator
6.1.2 Market capitalization trend – the Bursa Malaysia stock exchange, Malaysia
6.2 Economic Performance
6.2.1 GDP at constant prices (US dollars)
6.2.2 GDP per capita at constant prices (US dollars)
6.2.3 GDP at current prices (US dollars)
6.2.4 GDP per capita at current prices (US dollars)
6.2.5 GDP by key segments
6.2.6 Agriculture net output at current prices (Malaysian Ringgit)
6.2.7 Agriculture net output at current prices (US dollars)
6.2.8 Agriculture net output at current prices as a percentage of GDP
6.2.9 Manufacturing net output at current prices (Malaysian Ringgit)
6.2.10 Manufacturing net output at current prices (US dollars)
6.2.11 Manufacturing net output at current prices as a percentage of GDP
6.2.12 Mining, manufacturing and utilities net output at current prices (Malaysian Ringgit)
6.2.13 Mining, manufacturing and utilities at current prices (US dollars)
6.2.14 Mining, manufacturing and utilities at current prices, as percentage of GDP
6.2.15 Construction net output at current prices (Malaysian Ringgit)
6.2.16 Construction net output at current prices, (US dollars)
6.2.17 Construction net output at current prices as a percentage of GDP
6.2.18 Inflation rate
6.2.19 Current account balance as a percentage of GDP
6.2.20 Exports as a percentage of GDP
6.2.21 Imports as a percentage of GDP
6.2.22 Exports growth
6.2.23 Imports growth
6.2.24 External debt as a percentage of GDP
6.2.25 Annual average exchange rate US$–MYR
6.2.26 End-of-period exchange rate US$–MYR
6.3 Infrastructure Quality and Availability
6.3.1 Total airports and sea ports
6.3.2 Railways and roadways
6.3.3 Passenger vehicle production volume
6.3.4 Commercial vehicle production volume
6.3.5 Automotive component exports trend
6.3.6 Automotive component imports trend
6.3.7 Passenger car penetration
6.3.8 Healthcare expenditure
6.3.9 Healthcare expenditure as a percentage of GDP
6.3.10 Healthcare expenditure per capita
6.3.11 Total internet subscribers
6.4 Labor Force
6.4.1 Labor force
6.4.2 Unemployment rate
6.5 Demographics
6.5.1 Annual disposable income
6.5.2 Annual per capita disposable income
6.5.3 Total population
6.5.4 Urban and rural population
6.5.5 Female as a percentage of the total population
6.5.6 Males as a percentage of the total population
6.5.7 Mean age of the population
6.5.8 Median age of population
6.5.9 Population density
6.5.10 Age distribution of the total population
6.5.11 Age distribution of the male population
6.5.12 Age distribution of the female population
6.5.13 Number of households
6.6 Political and Social Risk
6.6.1 Political stability
6.6.2 Terrorism index
6.6.3 Transparency index
7 Appendix
7.1 Methodology
7.2 Contact Us
7.3 About Timetric
7.4 Disclaimer

List of tables

Table 1: Insurance Industry Definitions
Table 2: Malaysian Insurance Overall Written Premium by Segment (MYR Billion), 2007–2011
Table 3: Malaysian Insurance Overall Written Premium by Segment (US$ Billion), 2007–2011
Table 4: Malaysian Insurance Overall Written Premium by Segment (MYR Billion), 2011–2016
Table 5: Malaysian Insurance Overall Written Premium by Segment (US$ Billion), 2011–2016
Table 6: Malaysian Insurance Segmentation (% Share), 2007–2016
Table 7: Malaysian Reinsurance Segment by Category (MYR Billion), 2007–2011
Table 8: Malaysian Reinsurance Segment by Category (US$ Billion), 2007–2011
Table 9: Malaysian Reinsurance Segment by Category (MYR Billion), 2011–2016
Table 10: Malaysian Reinsurance Segment by Category (US$ Billion), 2011–2016
Table 11: Malaysian Premium Ceded to Reinsurance by Insurance Segment (MYR Billion), 2007–2011
Table 12: Malaysian Premium Ceded to Reinsurance by Insurance Segment (US$ Billion), 2007–2011
Table 13: Malaysian Premium Ceded to Reinsurance by Insurance Segment (MYR Billion), 2011–2016
Table 14: Malaysian Premium Ceded to Reinsurance by Insurance Segment (US$ Billion), 2011–2016
Table 15: Malaysian Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Table 16: Malaysian Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016
Table 17: Malaysian Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Table 18: Malaysian Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016
Table 19: Malaysian Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Table 20: Malaysian Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2011–2016
Table 21: Malaysian Leading Reinsurance Companies
Table 22: Malaysian Reinsurance Berhad, Key Facts
Table 23: Hannover Re Group, Key Facts
Table 24: Asia Capital Reinsurance Group Co., Key Facts
Table 25: Munich Re (Malaysia), Key Facts
Table 26: Swiss Re, Key Facts
Table 27: The Toa Reinsurance Company Limited (Malaysia), Key Facts

List of figures

Figure 1: Malaysian Insurance Overall Written Premium by Segment (MYR Billion), 2007–2016
Figure 2: Malaysian Insurance Market Dynamics by Segment, 2007–2016
Figure 3: Malaysian Premium Ceded to Reinsurance by Category (MYR Billion), 2007–2016
Figure 4: Malaysian Premium Ceded to Reinsurance by Category (% Share), 2011 and 2016
Figure 5: Malaysian Reinsurance Market Dynamics by Category, 2007–2016
Figure 6: Malaysian Premium Ceded to Reinsurance by Insurance Segment (MYR Billion), 2007–2016
Figure 7: Malaysian Reinsurance Market Dynamics by Insurance Segment, 2007–2016
Figure 8: Malaysian Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Figure 9: Malaysian Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016
Figure 10: Malaysian Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Figure 11: Malaysian Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016
Figure 12: Malaysian Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Figure 13: Malaysian Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2011–2016
Figure 14: Malaysian Business Confidence Indicator, Q1 2008–Q2 2012
Figure 15: Bursa Malaysia Stock Exchange Market Capitalization (US$ Billion), 2007– 2011
Figure 16: Malaysian GDP at Constant Prices (US$ Billion), 2007–2011
Figure 17: Malaysian GDP Per Capita at Constant Prices (US$), 2007–2011
Figure 18: Malaysian GDP at Current Prices (US$ Billion), 2007–2011
Figure 19: Malaysian GDP Per Capita at Current Prices (US$), 2007–2011
Figure 20: Malaysian GDP by Key Segments (%) 2007 and 2011
Figure 21: Malaysian Agriculture Net Output at Current Prices (MYR Billion), 2007–2011
Figure 22: Malaysian Agriculture Net Output at Current Prices (US$ Billion), 2007–2011
Figure 23: Malaysian Agriculture Net Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 24: Malaysian Manufacturing Net Output at Current Prices (MYR Billion), 2007–2011
Figure 25: Malaysian Manufacturing Net Output at Current Prices (US$ Billion), 2007–2011
Figure 26: Malaysian Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 27: Malaysian Mining, Manufacturing and Utilities Net Output at Current Prices (MYR Billion), 2007–2011
Figure 28: Malaysian Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 2007–2011
Figure 29: Malaysian Mining, Manufacturing and Utilities Net Output at Current Prices as a percentage of GDP (%), 2007–2011
Figure 30: Malaysian Construction Net Output at Current Prices (MYR Billion), 2007–2011
Figure 31: Malaysian Construction Net Output at Current Prices (US$ Billion), 2007–2011
Figure 32: Malaysian Construction Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 33: Malaysian Inflation Rate (%), 2007–2011
Figure 34: Malaysian Current Account Balance as a Percentage of GDP (%), 2007–2011
Figure 35: Malaysian Exports as a Percentage of GDP (%), 2007–2011
Figure 36: Malaysian Imports as a Percentage of GDP (%), 2007–2011
Figure 37: Malaysian Exports Growth (%), 2007–2011
Figure 38: Malaysian Imports Growth (%), 2007–2011
Figure 39: Malaysian External Debt as a Percentage of GDP (%), 2007–2011
Figure 40: Malaysian Annual Average Exchange Rate US$–MYR, 2007–2011
Figure 41: Malaysian End-of-Period Exchange Rate US$–MYR, 2007–2011
Figure 42: Total Number of Malaysian Airports and Sea Ports, 2011
Figure 43: Malaysian Railways and Roadways (Kilometers), 2011
Figure 44: Malaysian Passenger Vehicle Production, 2007–2011
Figure 45: Malaysian Commercial Vehicle Production, 2007–2011
Figure 46: Malaysian Automotive Component Exports (US$ Billion), 2007–2011
Figure 47: Malaysian Automotive Component Imports (US$ Billion), 2007–2011
Figure 48: Malaysian Passenger Car Penetration, 2007–2011
Figure 49: Malaysian Healthcare Expenditure (US$ Billion), 2007–2011
Figure 50: Malaysian Healthcare Expenditure as a Percentage of GDP (%), 2007–2011
Figure 51: Malaysian Per Capita Healthcare Expenditure (US$), 2007–2011
Figure 52: Malaysian Internet Subscriptions (Millions), 2007–2011
Figure 53: Malaysian Size of Labor Force in 15–59 Age Group (Million), 2007–2011
Figure 54: Malaysian Unemployment Rate (%), 2007–2011
Figure 55: Malaysian Annual Disposable Income (US$ Billion), 2007–2011
Figure 56: Malaysian Annual Per Capita Disposable Income (US$), 2007–2011
Figure 57: Malaysian Total Population (Million), 2007–2011
Figure 58: Malaysian Urban and Rural Population (%), 2007–2011
Figure 59: Malaysian Female as a Percentage of the Total Population (%), 2007–2011
Figure 60: Malaysian Males as a Percentage of the Total Population (%), 2007–2011
Figure 61: Malaysian Mean Age of Population (Years), 2007–2011
Figure 62: Malaysian Median Age of Population (Years), 2007–2011
Figure 63: Malaysian Population Density (per Square Kilometer), 2007–2011
Figure 64: Malaysian Population Distribution by Age (%), 2007–2011
Figure 65: Malaysian Male Population Distribution by Age (%), 2007–2011
Figure 66: Malaysian Female Population Distribution by Age (%), 2007–2011
Figure 67: Malaysian Households, Number of (Million), 2007–2011
Figure 68: Global Terrorism Heat Map, 2011
Figure 69: Malaysian Transparency Index, 2007–2011