Malaysia Insurance Tenders

The Malaysian insurance market is a dynamic and growing sector, with a gross written premium (GWP) of over MYR75 billion (USD17 billion) in 2022. The market is dominated by life insurance, which accounts for over two-thirds of total GWP. The non-life insurance sector is also growing steadily, driven by rising demand for motor and health insurance.

The Malaysian government is a major buyer of insurance products and services, spending over MYR5 billion (USD1.1 billion) in 2022. The government procures a wide range of insurance products, including life, health, motor, and property insurance.

The main insurance products and services procured by the Malaysian government include:
Life insurance: The government procures life insurance for its employees and retirees.
Health insurance: The government procures health insurance for its employees and dependents.
Motor insurance: The government procures motor insurance for its vehicles.
Property insurance: The government procures property insurance for its buildings and other assets.

The top authorities for Malaysia insurance procurement are:
The Ministry of Finance: The Ministry of Finance is responsible for overseeing the government's procurement of insurance products and services.
The Procurement Planning and Management Division (PPMD): The PPMD is responsible for developing and implementing the government's procurement policies.
The Malaysian Government Procurement Portal (MyGPO): The MyGPO is the government's online procurement portal.

The top winners of Malaysia insurance procurement are:
Allianz Malaysia Berhad
AXA Affin General Insurance Malaysia Berhad
Zurich Insurance Malaysia Berhad
Tokio Marine Life Insurance Malaysia Berhad
AIA Malaysia Berhad

Tags -
Malaysia insurance tenders, free Malaysia insurance tenders, accidental insurance, Malaysia medical insurance, banking insurance, government insurance tenders Malaysia, risk insurance, Malaysia insurance services tenders, Malaysia insurance consultancy tenders, building insurance tenders