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Member, Beacon International Group, Ltd.
Fitch Ratings Ltd. has said that the attractive growth opportunities in Malaysia's insurance sector are likely to drive more merger and acquisition activity in the near term, New Straits Times reported.
The ongoing regulatory developments would develop the global competitiveness of the country's insurance sector as it transitions into a liberalized market, said the rating agency.
"The industry's capital strength measured by risk-based capital ratio was strong at 253% in 2014 despite the regulatory hurdles and is well-supported by insurers' surplus growth," added Fitch.