Strong recovery of 8.8% likely for insurance industry

Michaela Grimm of Allianz expected the Asian region to contribute 50% of global premiums growth with China being responsible for 31% over the next decade.

KUALA LUMPUR: The Malaysian insurance industry saw a growth of 4.9% despite the Covid-19 pandemic last year.

The country bucked the global trend for 2020 where global premiums income fell by 2.1%, according to the Global Insurance Report by Allianz.