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Islamic Finance Briefing - Categorized | Insurance (Takaful), Performance, Research more

Global Takaful industry set to hit $25bln mark by 2015

Posted on 16 April 2012

The Sharia-compliant insurance industry has witnessed significant internationalisation in the last decade with the industry rapidly expanding its footprint beyond the traditional high-growth markets of the GCC and Malaysia, says David McLean, Chief Executive of the World Takaful Conference.
Though the overall outlook for the global Takaful industry remains positive, it is essential that the mounting challenges posed by increasing competition not only among Takaful operators but also from conventional players entering the Takaful market space, declining underwriting profits and investment portfolios need to be immediately tackled so that the industry can maintain its current growth levels and hit the projected $25 billion mark by 2015………………………………………..Full Article: Source

 
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