Business insurance · Malaysia · Head-to-head
MSIG Malaysia vs Tokio Marine Malaysia
Two Malaysia business insurance options, compared side by side for Malaysia trades.
Which should you choose?
MSIG Malaysia and Tokio Marine Malaysia are both Tier A, which every business insurance entry without a reputation warning receives, so the tier does not separate them. Weigh the pros, cons, pricing and Malaysia-specific notes below against your trade and region.
MSIG Malaysia
Tier A · ListedMalaysian general insurer owned by Mitsui Sumitomo Insurance (MS&AD group)
MSIG Insurance (Malaysia) Bhd is a Kuala Lumpur-based general insurer licensed under the Financial Services Act 2013 and regulated by Bank Negara Malaysia. It describes itself as a subsidiary of Mitsui Sumitomo Insurance and part of Japan's MS&AD group, and says it writes fire, engineering and motor business. Its current website lists fire, marine, cyber and SME package cover for businesses, but no Contractors' All Risks page was found.
Pros
- + Subsidiary of Mitsui Sumitomo Insurance, part of Japan's MS&AD group, per MSIG
- + Writes engineering insurance, per its own company profile
- + Business products checked have Product Disclosure Sheets in English and Malay
Cons
- − No Contractors' All Risks page found on its current website
- − No published premium rates for commercial cover
- − CAR wording and extensions not available online; ask an agent or broker
Malaysia note
Licensed under Malaysia's Financial Services Act 2013 and regulated by Bank Negara Malaysia; its site links PIDM's TIPS brochure. MSIG's earlier Contractors' All Risks page (under 'Other Commercial Insurance') now returns an error, so confirm the product with an agent or broker.
Tokio Marine Malaysia
Tier A · ListedTokio Marine group's Malaysian general insurer, with a combined CAR/EAR product
Tokio Marine Insurans (Malaysia) Berhad is a general insurer in Japan's Tokio Marine group and a member of the General Insurance Association of Malaysia (PIAM). Its website carries a combined Contractors' All Risks / Erection All Risks product page. In May 2026 Bank Negara Malaysia allowed RHB Bank to start talks on selling RHB Insurance to Tokio Marine for integration with its Malaysian business, per The Star and The Edge.
Pros
- + Combined Contractors' All Risks / Erection All Risks product
- + Part of Japan's Tokio Marine group
- + Member of the General Insurance Association of Malaysia (PIAM)
Cons
- − No public premium rates found; quote-based
- − Ownership structure may change: merger talks with RHB Insurance began in May 2026
- − Ask for the Product Disclosure Sheet: policy details were not readable on its website
Malaysia note
Bank Negara Malaysia allowed RHB Bank in May 2026 to start talks on selling RHB Insurance to Tokio Marine for integration with Tokio Marine's Malaysian business; the two groups had held earlier talks in 2019. No completed deal was reported by the end of September 2026.
More Malaysia options
See all Malaysia business insurance vendors and the rest of the Malaysia directory.