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Malaysian general insurers see over 10% growth in gross direct premiums

Posted On: Nov. 8, 2022 9:18 AM CST

Premium growth

Malaysia’s general insurance industry posted more than 10% year-on-year growth in aggregate gross direct premium to nearly 10 billion Malaysian ringgit ($2.1 billion) in the first half of the year, Asia Insurance Review reported. Underwriting profit declined by more than 21% to MYR810 million, mainly due to losses in the motor and medical and health insurance lines.