The global Takaful industry by 19 per cent to $8.3 billion in 2010, out of which, the GCC contributed $5.68bn. But boosting profitability remains a key challenge for Takaful players in the Middle East.
David McLean, Chief Executive of the Middle East Takaful Forum (METF 2012) said that “with the growth rate in the GCC Takaful industry slowing to 16 per cent in 2010 compared to a CAGR of 41 per cent in 2005-2009, industry leaders are looking for fresh thinking and innovative strategies for generating further growth momentum…………………………………………Full Article: Source