ILP TO DOMINATE INSURANCE MARKET
Source: The Malaysian Reserve, 19 September 2013 According to Zurich Insurance Malaysia Bhd CEO Trevor Bull, investment- linked products (ILP) are expected to dominate the insurance market. This year, ILP products hold about 51 per cent of the market for insurance products and are gaining more traction while the traditional products share is at 49 per cent. He remarked that ILP is becoming a trend this year as the end of last year there was a split between the ILP products and conventional products. The general insurance is growing at 12 per cent for the same period.