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ReTakaful firms struggling to meet original plans

Posted on 03 October 2011

Ratings agency A.M. Best has said that despite a spate of reTakaful companies coming to market, they are struggling to meet their original business plans.
The agency argued that the Takaful market has not grown as quickly as anticipated and although the demand for Takaful - especially in the GCC - has grown rapidly in the past few years, Takaful operators have found themselves having to compete with the large conventional insurers on price, which has put them at a disadvantage……………………………………….Full Article: Source

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