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Saudi mortgage law to boost takaful industry

Posted on 24 July 2012

The Saudi insurance market is projected to grow by 15 percent per annum in total volume of gross premiums written (GPW) across the sector, driven primarily by demand from the Kingdom’s young population, especially for motor and medical insurance, Standard & Poor’s Rating Services said in its recent report titled “Cooperative & Takaful Insurance in Saudi Arabia in 2012″.
Author of the report David Anthony said “the sector constitutes an already large and still expanding market in a country, which in many ways dominates the region………………………………………..Full Article: Source

 
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