Malaysia’s general insurance industry has reported a 4% growth in Gross Written Premiums (GWP), reaching RM12.3b in the first half of 2025. This increase from RM11.8 billion in the same period last year is attributed to enhanced operational performance and efficiency, with underwriting profit rising by RM153m to RM629m.
Motor insurance remains the largest segment, contributing RM5.3b, a 5.7% increase, and accounting for 42.8% of total premiums. Fire insurance saw a notable rise of 10.4% to RM2.6b, driven by infrastructure-led commercial property demand. Personal Accident (PA) insurance also experienced significant growth, with premiums increasing by 11.2% to RM0.8b, primarily due to travel insurance.
The industry’s overall combined ratio improved to 92.1%, highlighting efficiency gains across core business lines. Looking forward, insurers plan to bolster resilience through electric vehicle coverage, climate-risk solutions, and digital distribution. They will also continue efforts in consumer education, financial inclusion, and road safety initiatives.
Antony Lee, Deputy Chairman of the General Insurance Association of Malaysia (PIAM), emphasised the importance of these strategic initiatives in maintaining the industry’s growth trajectory. “We are committed to strengthening our offerings and ensuring sustainable growth,” he stated.
As the industry adapts to evolving market demands, these developments are expected to further solidify Malaysia’s position in the regional insurance landscape.
