07.03.2012 - Competitive pressures and declining RoE remain critical challenges for the global Takaful industry
David McLean, Chief Executive of the World Takaful Conference, says that "the global Takaful industry has witnessed tremendous growth and strong performance over the last several years with recent reports indicating that the industry could hit the US$ 25 bn mark provided that the current growth trajectory is maintained. However, the increasing number of players entering the Takaful market, together with over-concentration in certain business lines, has resulted in the current state of Takaful operators achieving a lower return-on-equity than conventional insurers." (Press Release)