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Malaysia: General insurance sector's gross premiums up 6.6% in third quarter of 2013

January 22, 2014 - 6:00am

Malaysia's general insurance sector registered an increase of 6.6% year on year in gross premiums to 12.42 billion Malaysian ringgits ($3.81 billion) in the third quarter of 2013, The Star Online reported.

Fire insurance grew 7% during the period.

The sector's total assets during the January to September 2013 period were MYR 26.52 billion ($8.14 billion).

Chua Seck Guan, chairman of the General Insurance Association of Malaysia, said the sector was expected to see steady growth in 2014.

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