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Islamic Finance Briefing - Categorized | Insurance (Takaful), Market Moves more

Kuwait: insurance industry looks forward to 2010

Posted on 19 November 2009

From Globalarabnetwork.com: Like many other sectors of the economy, the insurance industry has been affected by the international financial crisis, with most firms seeing a reduction in new business written, a rise in policy cancellations and a fall in the value of assets and investments held over the first three quarters of the year.
This slow-down has been felt across the industry, with both conventional policy providers and the increasingly active takaful, or sharia-compliant, segment feeling the pinch…………Full Article: Source

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