In 2023, life insurance companies in Malaysia spent around 70.4 percent of their total expenditure on the net policy benefits. Since the share of the population with a life insurance is still relatively low, the insurance industry in Malaysia still has a high growth potential.
Share of life insurance companies' expenditure in Malaysia in 2023, by type of expenditure
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LIAM. (March 22, 2024). Share of life insurance companies' expenditure in Malaysia in 2023, by type of expenditure [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1079033/malaysia-distribution-of-life-insurance-companies-expenditure-by-type-of-expenditure/
LIAM. "Share of life insurance companies' expenditure in Malaysia in 2023, by type of expenditure." Chart. March 22, 2024. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1079033/malaysia-distribution-of-life-insurance-companies-expenditure-by-type-of-expenditure/
LIAM. (2024). Share of life insurance companies' expenditure in Malaysia in 2023, by type of expenditure. Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1079033/malaysia-distribution-of-life-insurance-companies-expenditure-by-type-of-expenditure/
LIAM. "Share of Life Insurance Companies' Expenditure in Malaysia in 2023, by Type of Expenditure." Statista, Statista Inc., 22 Mar 2024, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1079033/malaysia-distribution-of-life-insurance-companies-expenditure-by-type-of-expenditure/
LIAM, Share of life insurance companies' expenditure in Malaysia in 2023, by type of expenditure Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1079033/malaysia-distribution-of-life-insurance-companies-expenditure-by-type-of-expenditure/ (last visited November 10, 2024)
Share of life insurance companies' expenditure in Malaysia in 2023, by type of expenditure [Graph], LIAM, March 22, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1079033/malaysia-distribution-of-life-insurance-companies-expenditure-by-type-of-expenditure/
