General insurance industry gross premium up 10.3% in 1H 2022

KUALA LUMPUR: The general insurance industry has registered an increase in gross direct premiums of 10.3 per cent to RM 9.8 billion for the first six months of 2022 compared to the same period last year.

However, underwriting profit contracted by 21.2% to RM 810 million, largely due to losses in motor, medical and health Insurance business, the General Insurance Association of Malaysia (PIAM) said in a statement today.