Insurance sector targets 9% growth

  • Business Premium
  • Tuesday, 09 Dec 2008

PETALING JAYA: The local insurance sector is poised to improve in the next six to 12 months to chart a growth of between 8% and 9% next year despite the weak global economy, according to the Life insurance Association of Malaysia (Liam).

President Ng Lian Lu said he expected this year’s industry growth, in terms of annual new business premiums, to be around 7% to 8% compared with 9.4% in 2007.

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