Fitch: Reforms Prepare Malaysian Insurers for Liberalised Market

April 20, 2015 3:16 AM

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(The following statement was released by the rating agency) Link to Fitch Ratings' Report: Malaysian Insurance Market Dashboard 2015 here SINGAPORE, April 19 (Fitch) Fitch Ratings says in a new report that ongoing regulatory developments will enhance the Malaysian insurance sector's global competitiveness as it transitions into a liberalised market.

With intensified market competition, under-capitalised insurers and takaful operators are likely to seek strategic investors or alternative capital to meet their capital needs. Fitch believes the level of M&A activities will persist in the near term, given the attractive growth prospects in Malaysia...

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