21.11.2011 - Takaful insurance market in Saudi Arabia to reach around USD 7.7 bln in 2012
The size of the global Takaful insurance market is of around USD 12 billion for the current year, and it is expected to reach around USD 25 billion within 2015. Furthermore, 49% of the total insurance premiums will be in the Gulf Cooperation Council (GCC) countries, while the size of Takaful insurance market will reach around 1% of the global insurance market, with the possibility of development by 20% annually. The Kingdom of Saudi Arabia is at the top of the world in terms of the growth of Takaful market, where the size of Takaful insurance market is expected to reach USD 7.7 billion by the end of 2012, after reaching nearly USD 5 billion in the first quarter of this year, according to recently published reports...............................................Full Article: Source
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