The purpose of this study is to investigate empirical evidences of productivity of life insurance institutions in Malaysia. Therefore, this study attempts to explore the productivity of the life insurance institutions in Malaysia. The overall findings show that the total factor productivity (TFP) has progressed by 2.5% per year during the study period from 2012 to 2016 in the Malaysian insurance industry. However, TFP change has declined from 2012 to 2015 and observed a negative growth in 2015-16 (3.3%). The highest productivity progress was documented during 2012-13 at a rate of 11.7% while the minimum productivity progress was during 2014-15 (only 0.2%). The results also indicate that the decomposition of TFP found that overall progress could mainly be attributed to technological change (TC). However, technical efficiency change (TEC) and pure technical efficiency change (PTE) have negative impact on TFP. The findings also show that most of the insurance companies have a steady growth. Therefore, this study will contribute new insights for the policy makers and insurance institutions to take appropriate steps in developing relevant policies for increasing productivity of insurance institutions in Malaysia

Abstract
 1. Introduction
 2. Literature Review
  2.1. Overview of Insurance Companies in Malaysia
  2.2. A Review of Productivity Studies of Insurance Companies in Malaysia
 3. Methodology
  3.1. The Malmquist Productivity Index (MPI)
  3.2. Data Source
  3.3. Selection of Input-Output and Determinants of Productivity
 4. Results and Discussions
 5. Conclusion and Policy Implication
 References

• Md. Khaled Saifullah(USAID's Advancing Universal Health Coverage (AUHC), Chemonics International Inc.)
• Md Aslam Mia(School of Management, University Sains Malaysia)
• Md. Sohel Rana(Faculty of Business and Accountancy, University of Malaya)
• Muhammad Mehedi Masud(Department of Development Studies, Faculty of Economics and Administration, University of Malaya) Corresponding Author