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Malaysia's D&O insurance market to grow 10% annually: AIG official

Posted On: Dec. 28, 2015 12:00 AM CST

Jason Kelly, vice president at American International Group Inc., has said that the directors and officers insurance market in Malaysia is projected to grow at an annual rate of 10%, The Edge Markets reported.

Growth market may be driven by greater corporate governance awareness and fear of regulatory actions over the implementation of the goods and services tax. AIG had seen an increase in directors and officers insurance uptake following the imposition of the new tax, said Mr. Kelly.

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