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Launched on 10 March 2023 the 4^th edition of the Malaysian Insurance Highlights (MIH), once again produced by Faber Consulting on behalf of Malaysian Re focuses on the increasing importance of the Environmental, Social and Governance (ESG) framework for Malaysia’s insurers. Malaysia signed the Paris accord in 2015, committing to reduce its greenhouse gas emission. Insurance is thought to play a key role in transitioning the country’s economy towards a less carbon intensive business model, as the industry assesses and covers environmental risks and invests into new technologies. ESG will provide part of the framework to manage and measure that change, both from the perspective of the insurers’ own ambitions as well as from Bank Negara’s view, the country’s central bank and supervisory authority of the insurance industry.   

Download the Malaysian Insurance Highlights 2022