Underwriting profit results improved by RM153mil to RM629mil.
PETALING JAYA: Malaysia’s general insurance industry recorded a gross written premium (GWP) of RM12.3bil in the first half of 2025 (1H25), marking a 4% increase from RM11.8bil recorded in 1H24.
In a statement, the Persatuan Insurans Am Malaysia (Piam) said the GWP growth was underpinned by strengthened operational performance and improved efficiency across the sector with underwriting profit results improving by RM153mil to RM629mil.
“Motor insurance, which remains the industry’s largest line of business at 42.8% of total premiums, continued to register underwriting losses with a combined ratio of 102.2%. The underwriting loss was mainly due to higher claims ratio and claims frequency.
“Non-motor business lines, particularly fire, personal accident (PA), and marine, aviation and Transit (MAT), contributed positively to the overall underwriting result.”
Piam said fire insurance recorded a combined ratio of 67.3%, while MAT and care segments also remained profitable.
It added that the combined performance of motor, fire and PA insurance collectively contributed to 5.6% growth in GWP for the general insurance industry in 1H25
“Motor insurance remained the industry’s largest business line, contributing RM5.3bil and representing 42.8% of the portfolio.”
