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Link to original content: http://www.statista.com/statistics/1078940/malaysia-total-premiums-of-new-life-insurance-companies/
Malaysia: total premiums of new life insurance business 2023 | Statista

Total premiums of new life insurance business in Malaysia 2014-2023

Published by
Amanda Siddharta,
Jun 25, 2024

In 2023, the total premiums of new life insurance business in Malaysia amounted to approximately 13.36 billion Malaysian ringgit, an increase from around 11.98 billion Malaysian ringgit in 2022. 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 premiums of new life insurance business in Malaysia from 2014 to 2023 (in billion Malaysian ringgit)

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Release date

March 2024

Region

Malaysia

Survey time period

2014 to 2023

Supplementary notes

1 Malaysian ringgit is equal to 0.21 U.S. dollars and 0.20 euros as of June 2024.

Figures have been rounded

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