Insurtech Startups are Raising Funds to Focus on Further Product and Business Developments

DUBLIN, September 19, 2022 /PRNewswire/ — The “Malaysia Integrated Finance Business and Investment Opportunities Data Book: 50+ KPIs in Integrated Loan, Insurance, Payment and Wealth Segments – Q1 2022 Update” Report has been added to ResearchAndMarkets.com offering.

from malaysia The Embedded Finance industry in the country is expected to grow 74.5% annually to reach US$1,151.0 million in 2022.

The integrated finance industry is expected to grow steadily during the forecast period, registering a CAGR of 42.6% during 2022-2029. Income from integrated finance in the country will increase from US$1,151.0 million in 2022 to reach US$7,905.7 million by 2029.

The integrated insurance industry is still in its early stages of development in Malaysia, with a handful of insurtech startups innovating their product offerings and increasing insurance penetration rates. With the high growth potential of Malaysia’s integrated insurance industry, insurtech startups in the country are raising funds to focus on further product and business development.

for example in March 2021, MalaysiaThe insurtech-based startup, Ouch! announced that the firm had raised RM1.5 million ($364,600) in its seed funding round, led by Vynn Capital and Temokin. In particular, the company plans to use the fund to focus on its product and business development, thereby building a stronger growth foundation.

Additionally, telehealth providers and ride-sharing platforms have established strategic partnerships with digital insurers, contributing to the growth of the insurtech market over the past six quarters. The publisher hopes that the offer of short-term and on-demand policies will help increase the accessibility of insurance, which will subsequently lead to greater insurance penetration in the country. Government efforts are also expected to play a crucial role in the overall development of the integrated insurance space in Malaysia.

In addition, increased government initiatives to promote the development of Malaysia’s fintech industry are expected to accelerate the growth of integrated payment and lending markets. Malaysian and Indonesian government agencies have signed a memorandum of understanding to create a collaborative framework for fintech growth.

The collaboration between the two governments is expected to develop and further the growth of the industry. According to the publisher’s analysis, the government’s efforts will play a crucial role in the overall development of the integrated loan and integrated payment sectors in Malaysia.

This report provides a detailed data-driven analysis of market opportunities in more than 50 segments in the integrated finance industry covering loan, insurance, payment and wealth sectors.

reasons to buy

  • In-Depth Understanding of Integrated Finance Market Dynamics – Understand the market opportunities and key trends along with Forecast (2019-2028).
  • Opportunity insights by end-use sectors: Get market dynamics by end-use sectors to assess emerging opportunities in various end-use sectors.
  • Develop market-specific strategies: identify growth segments and target specific opportunities to formulate an integrated finance strategy; Evaluate key market-specific trends, drivers and risks in the industry.
  • Get Industry Insights: Drawing on proprietary survey results, this report identifies opportunities in the Integrated Lending, Integrated Insurance, Integrated Finance, and Integrated Wealth sectors.

Scope

Malaysia Integrated Finance Market Size and Forecast

Malaysia Embedded Loan Market Size and Forecast

Integrated loans by consumer segments, 2020 – 2029

  • business loans
  • retail loans

Integrated financing by B2B sectors, 2020 – 2029

  • Embedded loans in consumer and retail goods
  • Integrated loans in IT services and software
  • Integrated loans in media, entertainment and leisure
  • Integrated loans in manufacturing and distribution
  • Integrated loans in real estate
  • Loans integrated into other

Loans incorporated by B2C sectors, 2020 – 2029

  • Integrated loans in retail purchases
  • Embedded Home Improvement Loans
  • Loans integrated into leisure and entertainment
  • Integrated loans in health and well-being
  • Loans integrated into other

Malaysia Integrated Insurance Market Size and Forecast

Insurance integrated by industry, 2020 – 2029

  • Insurance integrated into consumer products
  • Integrated travel and hospitality insurance
  • Integrated Automotive Insurance
  • Integrated health care insurance
  • Integrated Insurance in Real Estate
  • Integrated Insurance in Transport and Logistics
  • Insurance Embedded in Others

Integrated insurance by type of insurance, 2020 – 2029

  • Integrated Insurance in the Life Segment
  • Integrated Insurance in the Non-Life Segment

Integrated insurance by type of offer, 2020 – 2029

  • Integrated insurance in the product segment
  • Integrated Insurance in the Service Segment

Malaysia Integrated Payments Market Size and Forecast

Integrated payment by consumer segments, 2020 – 2029

Integrated payment by end-use sector, 2020 – 2029

  • Integrated payment in consumer and retail goods
  • Integrated payment in digital products and services
  • Integrated payment in the payment of utility bills
  • Built-in payment in travel and hospitality
  • Integrated Payment in Leisure and Entertainment
  • Integrated Payment in Health and Welfare
  • Embedded payment on office supplies and equipment
  • Payment Integrated in Other

Malaysia Integrated Wealth Management Market Size and Forecast

For more information on this report, visit

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