BFM 89.9
The Business Station
BFM 89.9
The Business Station
Margin Compression and Rationalisation Seen for Insurers
Margin Compression and Rationalisation Seen for Insurers
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20 mins
Total premiums in the insurance sector increased by 4.4% to RM61.3b, continuing its positive trend as insurers tap into the country's under-insured market. The second phase of the motor detariffication set to take effect on July 2017 will likely spur further rationalisation and possibly lead to margin compression as competition intensifies.
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