A file picture shows the customer service centre of a takaful company. Malaysian takaful players remain confident that they can continue to record more than 20% growth in 2013.
PETALING JAYA: After a slowdown in the first quarter, the life insurance sector is expected to pick up steam for the remaining year underpinned by strong demand for specific products, good economic growth and a relatively low penetration rate of insurance in the country.
Life Insurance Association of Malaysia (LIAM) president Vincent Kwo said despite the overall slowdown in new business, investment-linked policies bucked the trend with an overall positive growth of 4.1% in the first quarter this year.
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