Malaysia General Insurance: Industry Expense Breakdown and Ratio




2008-2018 | Annually | RM | General Insurance Association of Malaysia

The chart shows the breakdown of expenses incurred in policy acquisition which are Underwriting Margin, Management Expenses, Commissions and Net Claims. The industry’s underwriting margin was at 8.4% amounting to RM 1.17 billion, an increase from the RM 1.05 billion or 8.2% in 2017 (2016: 1.53 billion, 12%). The operating result for 2018 was RM 2.28 billion compared to RM 2.12 billion in 2017 (2016: RM2.65 billion). The combined management expenses and commission decreased to 33.4% (2017: 34.3% and 2016: 33.5%).






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