General insurance industry grows 4.8% in 2025, posts RM1.2bil underwriting profit - PIAM


Ng Kok Kheng, chairman of PIAM (left), and Chua Kim Soon, CEO of PIAM

KUALA LUMPUR: Malaysia’s general insurance industry recorded gross written premium (GWP) of RM24.2 billion in 2025, representing a 4.8 per cent increase from RM23.1 billion in 2024, driven mainly by continued expansion in the motor and fire insurance segments, according to the General Insurance Association of Malaysia (PIAM).

PIAM chief executive officer Chua Kim Soon said the industry maintained its growth momentum last year, although at a slower pace compared with nearly seven per cent recorded in 2024. 

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PIAM , Chua Kim Soon , economy

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