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

UAE insurance firms eye consolidation

Posted on 15 April 2010

From Business24-7.ae: The UAE insurance companies – including conventional as well as takaful – are set for consolidation in 2010-11 as they struggle to remain profitable amid a changing regulatory environment, according to market insiders.

Dr Ahmed Al Janahi, Managing Director of Noor Takaful and Deputy Chief Executive Officer of Noor Investment Group, is of the opinion that it is just a matter of time before the UAE Islamic insurance (takaful) market consolidates…………………………………Full Article: Source

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