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Best morning have Based on the industry’s underwriting discipline and robust pricing, as well as the increasing use of digital solutions to enhance data and pricing capabilities, claims automation, product innovation and distribution, the market segment of the non-life insurance industry in Malaysia has a stable outlook.
In its the best Market segmentation report, “Market Segmentation Outlook: Non-life Insurance in Malaysia”, AM Best pointed out that the economic impact of COVID-19 is expected to remain a major challenge for the non-life insurance sector in Southeast Asian countries at least in the short term. As the pandemic boosted demand and increased awareness of health and medical products, the growth in health insurance partially offset the small contraction in non-life insurance premiums. Looking ahead, AM Best predicts that the health business will continue to be an important driving force for…
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