KUALA LUMPUR, 25 February 2020 – Despite turbulence in the global economy, the insurance industry remains resilient by continuing to generate growth around the world and maintaining overall profitability.

According to the Life Insurance Association of Malaysia (LIAM), force premiums in Malaysia are experiencing growth. With this positive outlook on premiums, economists suggest that Malaysia will be making forward progress as trade tensions and monetary policies ease concurrently. “Although we are observing growth, any additional developments will still likely require additional effort by the insurance industry to accommodate looming consumer needs,” said Justin Ong, Financial and Regulatory Risk Leader, Deloitte Malaysia. “Insurers should put an emphasis on how to grow their companies, run it more efficiently and productively or meet rising regulatory compliance demands. Insurers should also consider how to reposition themselves for success throughout the next decade to adapt to changes in consumer purchasing preferences, property use, and work habits,” he added.

KUALA LUMPUR, 21 February 2020 – As we ring in the new decade, we are accompanied by a new wave of disruption more forceful and more pervasive than we have ever experienced. Malaysia has 26 commercial banks, 16 Islamic banks, one international Islamic bank and 11 investment banks. All these banks have one thing in common.

They all need to evolve with the times and adapt to the changes in the future.

KUALA LUMPUR, 20 February 2020 - The current market slowdown has caused retailers to feel the pinch in their businesses, especially with the high overhead and operational costs. To help cushion the impact, retailers are now placing greater emphasis on e-commerce as an added channel to reach their consumers.

Meanwhile, consumers are also turning to e-commerce to find and purchase essential products. Shopee has recorded a spike in shopping activity on its platform. Stronger demands across most retail categories are seen, especially for fast moving consumer goods such as household necessities and groceries. These products include instant noodles, canned food, detergent, diapers, baby milk formula, bath and body products, facial cleansers and more.