This year, in line with the increasing relevance of the Environmental, Social and Governance (ESG) framework, Malaysian Insurance Highlights 2022 highlights its implications for Malaysia insurers as well as the industry’s readiness in managing climate risks, not only as experts in risk management and transfer, but also as a corporate citizen.
In this edition, we explore the development of the Reinsurance and Retakaful markets, while also looking at the challenges and improvement opportunities for catastrophe claims management in Malaysia. Additionally, the fifth issue of Malaysian Re Foresights also highlights the development of renewable energy in the recent years, as well as a quick overview of the Federal Budget 2023.
ASEAN Insurance Pulse 2022 emphasises on the contribution of the insurance industry to climate adaptation and resilience building. The report also focuses on impacts of decarbonization in shaping ASEAN economies’ strategies and operations, ranging from its own asset management and underwriting to supporting clean technologies and changes in its own operations.