Life insurance

Advanced APAC is expected to see strong growth in the life sector.

CareEdge foresees medium-term outlook to remain positive.

Overall operating expenses pencilled in was $4b.

Thanks to higher domestic interest rates, diversified investments, and ongoing reforms. 

Its general insurance market surged nearly five times more than last year.

Thanks to their notable allocation to fixed-income investments.

Its life insurance premiums are seen to grow ~3% in 2024 and 2025 modestly.

79% of rated Australian insurers have stable rating outlooks.

This marked a 57% year-on-year in annualised new premiums.

On a year-on-year basis, it climbed 12.2%.

This is equivalent to S$1.4b.

Demand for car and travel insurance is increasing, amidst mandatory coverage.

The life insurance and takaful company remain committed to empowering Malaysians to achieve lifetime financial security and live healthier lives and has recently been recognised at the Malaysia International Business Awards 2022.