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UAE ranks third place in $12bln global Takaful market

Posted on 18 November 2011

The worldwide Takaful insurance market is being predicted to reach a value of over $12bn in 2011, which signifies a 31 per cent increase from the $9.15bn figure posted in 2010, according to a recent report from Ernst and Young, one of the world’s leading professional services organizations.
The report also ranks the UAE in third place in the global Takaful market, which was reportedly worth over $640m in 2009. Complementing this growth, the Dubai Islamic Insurance and Reinsurance Company (AMAN Insurance), one of the UAE’s largest Takaful providers, has been named as ‘Best Takaful Operator’ for the fourth consecutive year during the 6th Annual Middle East Insurance Awards (INSUREX 2011). (Press Release)

 
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