Best's Market Segment Report: AM Best Maintains Stable Outlook on Malaysia's Non-Life Insurance Segment - Insurance News insurancenewsnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancenewsnet.com Daily Mail and Mail on Sunday newspapers.
SINGAPORE, December 19, 2023 AM Best has maintained its outlook on Malaysia’s non-life insurance segment at stable, citing expectations of solid premium growth and the maintenance of underwriting and pricing discipline maintained amid the phased de-tariffication of motor and fire businesses.
KUALA LUMPUR: RAM Rating Services Bhd (RAM Rating) has maintained its ‘stable’ outlook for the Malaysian insurance and takaful sector, expecting the sector to stay resilient in the face of a changing landscape, market volatilities and the normalisation of claims towards pre-pandemic levels.