The Islamic insurance industry has demonstrated substantial growth in recent years with gross written premiums (GWPs) estimated to reach $12 billion in 2012, said an expert. This growth will be coupled with a compound annual growth rate of up to 25 per cent, added Dr Metaib Al Rawqi, CEO of Saudi Arabia-based Weqaya Takaful Insurance and Reinsurance Company.
Al Rawqi was speaking ahead of the seventh International Takaful Summit (ITS) set to take place on February 18 and 19 at the InterContinental CityStars Cairo and expected to attract participation from over 25 countries………………………………………..Full Article: Source