Malaysia

Introduction: 

Malaysia is a federal constitutional monarchy with a population of 31.6 million. The national currency is the Malaysian ringgit.

The growth of the insurance sector in the last few years has been very modest. Life premium’s growth is expected to remain positive but low due to price competition, weaker consumer sentiment and concerns over the rising cost of living. Initiatives by both insurance companies and the government mark an increase in health insurance.

 

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