PETALING JAYA: Fitch Ratings, while expecting further consolidation in the local insurance market, says the sector and rating outlooks for Malaysia’s life insurance, general insurance and takaful sectors remain stable for next year.
In its latest report, the rating agency said market growth, sound operating margins and adequate capital buffers would continue to reinforce the credit profile of insurers or takaful operators, and that further consolidation was likely due to the enactment of new insurance regulations and a takaful capital regime.
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