In 2023, the total sums insured of new life insurance business in Malaysia amounted to around 544 billion Malaysian ringgit, an increase compared to the previous year. Since the share of the population with a life insurance is still relatively low, the insurance industry in Malaysia still has a high growth potential.
Total sums insured of life insurance in Malaysia from 2014 to 2023, by type of business
(in billion Malaysian ringgit)
Characteristic
New Business
Total Business In Force
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LIAM. (March 22, 2024). Total sums insured of life insurance in Malaysia from 2014 to 2023, by type of business (in billion Malaysian ringgit) [Graph]. In Statista. Retrieved September 16, 2024, from https://www.statista.com/statistics/1078874/malaysia-total-insured-sums-of-life-insurance-companies-by-type-of-business/
LIAM. "Total sums insured of life insurance in Malaysia from 2014 to 2023, by type of business (in billion Malaysian ringgit)." Chart. March 22, 2024. Statista. Accessed September 16, 2024. https://www.statista.com/statistics/1078874/malaysia-total-insured-sums-of-life-insurance-companies-by-type-of-business/
LIAM. (2024). Total sums insured of life insurance in Malaysia from 2014 to 2023, by type of business (in billion Malaysian ringgit). Statista. Statista Inc.. Accessed: September 16, 2024. https://www.statista.com/statistics/1078874/malaysia-total-insured-sums-of-life-insurance-companies-by-type-of-business/
LIAM. "Total Sums Insured of Life Insurance in Malaysia from 2014 to 2023, by Type of Business (in Billion Malaysian Ringgit)." Statista, Statista Inc., 22 Mar 2024, https://www.statista.com/statistics/1078874/malaysia-total-insured-sums-of-life-insurance-companies-by-type-of-business/
LIAM, Total sums insured of life insurance in Malaysia from 2014 to 2023, by type of business (in billion Malaysian ringgit) Statista, https://www.statista.com/statistics/1078874/malaysia-total-insured-sums-of-life-insurance-companies-by-type-of-business/ (last visited September 16, 2024)
Total sums insured of life insurance in Malaysia from 2014 to 2023, by type of business (in billion Malaysian ringgit) [Graph], LIAM, March 22, 2024. [Online]. Available: https://www.statista.com/statistics/1078874/malaysia-total-insured-sums-of-life-insurance-companies-by-type-of-business/
