14.06.2012 - Saudi Arabia remains largest takaful market
The global takaful industry has witnessed tremendous growth in the last decade, rapidly becoming an integral part of the mainstream financial system, with Saudi Arabia at the forefront, Ernst & Young executive said. Brandon Bruce Sta Maria, Partner, Assurance Insurance Leader, Ernst & Young Malaysia, noted that "global takaful contributions grew by 19 percent to $8.3 billion in 2010. Of these, the GCC contributed $5.68 billion and South East Asia contributions were $2 billion. Saudi Arabia remains by far the largest takaful market, contributing $4.3 billion or 51.8 percent of the industry at an average contribution per operator of $141 million."..............................................Full Article: Source
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