MII: Better growth seen for general insurance this year

Syed Moheeb: ‘The market value is slowly creeping up again, which indicates that people are starting to buy.’

KUALA LUMPUR: The general insurance industry will likely see better growth this year, compared with the 2.5% to 3.5% growth anticipated for 2016, driven by improving consumer confidence.

Malaysian Insurance Institute (MII) chief executive officer Datuk Syed Moheeb Syed Kamarulzaman said the market saw better car sales towards the end of last year and this would likely spill over into 2017.