Resilient demand to spur insurance industry

Affin Hwang said the positive industry growth momentum seen in 2023 is expected to carry through to 2024.

PETALING JAYA: The insurance industry in Malaysia is expected to expand further in 2024, driven by resilient domestic demand.

According to Affin Hwang Investment Bank Research, the positive industry growth momentum seen in 2023 is expected to carry through to 2024 sustained by domestic demand, recovery in business activities and the need for a higher level of life or medical coverage.