Malaysian general insurers see over 10% growth in gross direct premiums
Posted On: Nov. 8, 2022 9:18 AM CST![Premium growth](https://bicontent.businessinsurance.com/11cd09b4-6d19-4c04-800c-9e05536fb322.jpg)
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.