DUBLIN–(BUSINESS WIRE)–The “Malaysia Embedded Finance Business and Investment Opportunities Databook – 50+ KPIs on Embedded Lending, Insurance, Payment, and Wealth Segments – Q1 2022 Update” report has been added to ResearchAndMarkets.com’s offering.
Malaysia’s Embedded Finance industry is expected to grow by 74.5% on annual basis to reach US$1,151.0 million in 2022.
The embedded finance industry is expected to grow steadily over the forecast period, recording a CAGR of 42.6% during 2022-2029. The embedded finance revenues in the country will increase from US$1,151.0 million in 2022 to reach US$7,905.7 million by 2029.
The embedded insurance industry is still in its early stages of development in Malaysia, with a handful of insurtech startups innovating with their product offerings and boosting insurance penetration rates. With the high growth potential of the Malaysian embedded insurance industry, insurtech startups in the country are raising funds to focus on further product and business development.
In March 2021, Malaysia-based insurtech startup, Ouch! announced that the firm had raised RM1.5 million (US$364,600) in its seed funding round, led by Vynn Capital and Temokin. Notably, the firm is planning to use the fund to focus on its product and business development, thereby building a stronger growth foundation.
Moreover, telehealth providers and ride-sharing platforms have entered into strategic partnerships with digital insurers, which has contributed to the growth of the insurtech market over the last six quarters. The publisher expects that offering on-demand and short-term policies will help in increasing insurance accessibility, which will subsequently lead to higher insurance penetration in the country. It is also expected that the government’s efforts will play a crucial role in the overall development of the embedded insurance space in Malaysia.
Additionally, increased initiatives by the government to promote the development of the Malaysian fintech industry are anticipated to accelerate the growth of the embedded 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 scale up the industry growth. As per the publisher analysis, the government’s efforts will play a crucial role in the overall development of the embedded lending and embedded payment sectors in Malaysia.
This report provides a detailed data centric analysis of market opportunity across 50+ segments in embedded finance industry covering lending, insurance, payment, and wealth sectors.
Reasons to buy
Scope
Malaysia Embedded Finance Market Size and Forecast
Malaysia Embedded Lending Market Size and Forecast
Embedded Lending by Consumer Segments, 2020 – 2029
Embedded Lending by B2B Sectors, 2020 – 2029
Embedded Lending by B2C Sectors, 2020 – 2029
Malaysia Embedded Insurance Market Size and Forecast
Embedded Insurance by Industry, 2020 – 2029
Embedded Insurance by Insurance Type, 2020 – 2029
Embedded Insurance by Type of Offering, 2020 – 2029
Malaysia Embedded Payment Market Size and Forecast
Embedded Payment by Consumer Segments, 2020 – 2029
Embedded Payment by End-Use Sector, 2020 – 2029
Malaysia Embedded Wealth Management Market Size and Forecast
For more information about this report visit https://www.researchandmarkets.com/r/pbxb80
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