Investments

Malaysian life insurers to see positive results in 2017

Malaysia's life insurance industry is expected to see high single-digit growth in new business premiums in 2017.

This is according to the Life Insurance Association of Malaysia (LIAM), which said the outlook is based on improved economic growth domestically.

The implementation of an online platform at the start of 2017 is also expected to support industry growth in life insurance, although this will be limited initially.

In 2016, new business premiums in the industry rose by 6.9% year-on-year to MYR9.75 million (USD2.28 million).