The reinsurer's 2024 return-on-equity of 14.2% and combined ratio of 92.8% underscored its ability to maintain profitability despite higher catastrophe losses and reduced Lloyd’s participation.
According to the General Insurance Association of Malaysia, the medical and health insurance segment has been reporting underwriting losses for several years now.
Having low coverage in the Southeast Asian region presents a major opportunity for policymakers and insurers to strengthen economic security, the study finds
Industry expected to reach US$3.3bn by 2030 as vehicle sales surge, but insurers face mounting claims costs from natural disasters and increased traffic incidents.
