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Malaysian Insurance Highlights 2021

 
On 17 May 2022, Malaysian Reinsurance Berhad (Malaysian Re) and Faber Consulting launched the latest edition of the Malaysian Insurance Highlights (MIH).

This year’s issue examines the impact of flooding – Malaysia's most frequent and severe natural catastrophe – on its economy and insurance markets. According to the third edition of the MIH, last year’s great flood, which hit from 16 to 21 December 2021, caused economic losses of RM 5.3 billion to RM 6.5 billion (US$ 1.26 billion – US$ 1.55 billion). Typically, flood risk is underinsured. The study, which again was compiled by Faber Consulting, finds that on average only about 10% of economic losses are covered. This time Malaysia’s insurers shouldered about RM 1.5 to RM 2.0 billion (US$ 360 million to US$ 480 million) or 20% to 30% of the economic loss as a high share of manufacturing properties were hit in the Federal Territory of Kuala Lumpur and the State of Selangor. Due to climate change, urbanization, deforestation and higher values at risk the country’s insurers expect a further rise of flood losses going forward. 

Please click here to access the Malaysian Insurance Highlights 2021 and learn more on Malaysia’s flood risk and on current trends that help to mitigate and shoulder the risks.  

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Andreas Bollmann supports workshop on ‘Strengthening Community Resilience to Climate Change & Disaster Risk’

Malaysian Insurance Highlights 2020

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Malaysian Insurance Highlights 2021

Malaysian Insurance Highlights 2020

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AIO Annual Report 2021

Malaysian Insurance Highlights 2020

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MX Underwriting, Fieldfisher, WindEurope – “Barriers to Wind” market study

Malaysian Insurance Highlights 2020

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2021 ASEAN Insurance Pulse

Malaysian Insurance Highlights 2020

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Africa Insurance Pulse on the "African Continental Free Trade Area (AfCFTA)"

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Faber to take on the role of project coordinator for an ISF insurance project

Malaysian Insurance Highlights 2020

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Malaysian Insurance Highlights 2020

ASEAN Insurance Pulse 2020

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Launch of ASEAN Insurance Pulse 2020

Africa Insurance Pulse 2/2020

Launch of the Africa Insurance Pulse 2/2020

Africa Insurance Pulse 1/2020

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The Africa Insurance Pulse on the digitization of Africa's insurance markets is now available

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CAT risk pooling effective in mitigating climate change-related risks

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Faber Consulting announces a partnership with Free Partners

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Dr. Schanz, Alms & Company is now called Faber Consulting!

New partner Simone Lauper

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Kai-Uwe Schanz leaves Dr. Schanz, Alms & Company and Simone Lauper joins as partner

ASEAN Insurance Pulse 2019

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FAIR conference 2019, launch of the Africa Reinsurance Pulse 2019 and of the ASEAN Insurance Pulse 2019

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Axa XL Agricultural Insurance Survey 2018

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Size versus diversity in reinsurance - An empirical study of the European market

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The African Insurance Regulation Directory

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GCC Insurance Barometer (No.1)

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GCC Reinsurance Barometer (No.2)

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– Publications

GCC Reinsurance Barometer (No.1)