Insurance Broker Companies in Malaysia

Insurance broker companies in Malaysia are regulated by the Malaysian Insurance Brokers Association (MIBA). MIBA was formed in 1977 and is the official body for insurance brokers in Malaysia. There are currently over 200 member companies, which are required to adhere to strict code of ethics and professional standards.

Insurance broker companies play an important role in the Malaysian insurance industry by acting as an intermediary between insurers and policyholders. They provide advice on insurance products and help policyholders to find the most suitable cover for their needs. Insurance broker companies are also responsible for handling claims and providing customer service.

The insurance broker industry in Malaysia has grown significantly in recent years, with the number of broker companies more than doubling between 2010 and 2015. This growth is expected to continue, as the insurance industry in Malaysia continues to expand.