With a majority of these being unregulated, there exists a cut-throat price war; demanding a need to set up effective regulations that will see the desired consolidation and fuel commercial growth. Takaful - the Islamic alternative to conventional insurance - represents a radical new insurance business model that is firing a potentially very big emerging market in the MEA.
Now in its third year, the Middle East and Africa Insurance Summit, will be held on 14-15 January 2013 in Dubai, UAE. The conference will explore the progress of the Middle East and Africa insurance market focused on maintaining profitable business in the sector and the change they are experiencing as leading industry players implement re-tooled strategies to tap into the enormous growth potential that the region offers………………………………………..Full Article: Source