Recently, in collaboration with Malaysian Takaful Association (MTA), Actuarial Partners performed a Protection Gap Study in Malaysia for economically active adults due to mortality and morbidity risks. The three key components considered in the study are:

– The estimated protection gap in Malaysia by key market segments
– The key reasons underlying the protection gap
– The potential strategies to minimise the protection gap and to increase the life insurance and family takaful penetration rate in the market.

The protection gap is determined based on the financial needs of the individuals up to retirement age, to maintain the current standard of living. The financial needs at retirement and any considerations of the savings gap for retirement purposes are excluded from this study.


Further details are available in the report here. The authors of the report can be contacted at and