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International

Malaysian nonlife insurance market growth rebounds, driven by takaful

August 15, 2022 Reprints

U.S.-based credit rating agency A.M. Best Co. Inc. said Malaysia’s nonlife insurance market’s gross written premiums grew 4% year-on-year in 2021, following a contraction in 2020, Reinsurance News reported. Growth was mainly driven by the general takaful business.

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Malaysian nonlife insurance market growth rebounds, driven by takaful

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