there are only 2 main takaful players in malaysia: one is this Syarikat Takaful Malaysia the other is Etiqa, which is under Maybank for many years, bankers have been pushing Maybank to list its Etiqa, but since Etiqa contributes a big chunk of profit to Maybank, they refused
As per above, For Family Takaful: Etiqa + STM together accounts for about 50% of market share! For General Takaful: Etiqa + STM together accounts for about 75% of market share!
Etiqa & STM are the main players, the rest are small players
that is old data, based on latest 2021 AR, STM market share are: family takaful: 20% (ranked No. 2) , drop from 28% in 2018 General takaful: 24% (maintain at the same lvl since 2018)
so the conclusion is STM family takaful market share has been reducing most likely due to FWD. let wait for the 2022 AR then we will know is the market share continues to drop.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
shareprofit
497 posts
Posted by shareprofit > 1 month ago | Report Abuse
wow, terrible for takaful supporter like me