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

Family Takaful set to reach $4.3bln

Posted on 13 June 2012

The global Family Takaful gross contributions in 2012 are estimated to be $1.7 billion, accounting for 20% of the total global Takaful gross written premiums and the Family Takaful market is set to reach $4.3billion in the next five years, according to an expert.
“The tremendous growth in the family Takaful segment, especially in Malaysia, outpaces that witnessed by both general Takaful and the conventional life insurance market. Between 2007 and 2011, net contribution for Family Takaful increased at a compounded annual growth rate of 20%, outpacing general Takaful business………………………………………..Full Article: Source

 
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