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.
Malaysian Insurance Highlights (MIH) 2021 examines the impact of flooding on its economy and insurance markets. Just as 2021 drew to a close Malaysia was hit by one of the worst floods that the country ever experienced. MIH 2021 accentuates the need to address underinsurance as flood risk increases, where the demand for flood cover is influenced by the government’s support of the country’s low-income segment for the loss caused by a disaster.
The COVID-19 pandemic caused the sharpest contraction of Malaysia’s economy in modern times. For insurers, it challenged their revenues, technical and investment results, and tested the quality of their risk management and business continuity planning. Malaysian Insurance Highlights 2020 examines the impact of the COVID-19 pandemic on Malaysia's economy and its insurance markets.