An overview of the market structures of private insurers in Malaysia in 2019 and their major distribution systems in selling insurance.

Writing about MARKET STRUCTURES, students may start highlighting the insurance market in Malaysia comprises of direct insurers and reinsurers selling different types of insurance:

a) How many direct insurers selling life insurance in Malaysia? Rank them in terms of premium written in year 2019. By doing so, you can comment on their respective market share.

b) How many direct insurers selling non-life insurance (so called general insurance) in Malaysia? Rank them in terms of premium written in year 2019. By doing so, you can comment on their respective market share.

c) How many reinsurers are available in Malaysia? Rank them in terms of premium written in year 2019. By doing so, you can comment on their respective market share. Writing about DISTRIBUTION SYSTEMS, students may highlight the following:

d) How do direct insurers in Malaysia normally sell their insurance products? Through career agents, direct response systems, mass merchandising .... ?

e) How do reinsurers in Malaysia provide reinsurance (facultative or treaty) and the methods used in sharing losses (pro rata or excess-of-loss)?

Students may refer to insurance annual report and the websites of central bank (Bank Negara Malaysia), General Insurance Association of Malaysia (PIAM), Life Insurance Association of Malaysia (LIAM) and the individual insurance companies to obtain materials and data to answer this question.

If the data for year 2019 is incomplete (not available for all companies), you may use the data for year 2018 instead. You should report only for ONE year, either 2019 data for all companies or 2018 data for all companies, NOT a combination of both. Please maintain consistency to enable comparison for ranking.