29.06.2012 - Takaful challenges to be probed at forum
The global takaful industry has witnessed tremendous growth in the last decade. The Ernst & Young World Takaful Report 2012, which was launched at the seventh Annual World Takaful Conference in Dubai last April, confirmed that global takaful contributions grew by 19 per cent to $8.3 bilion in 2010, out of which, the GCC contributed $5.68bn. However, the GCC insurance landscape is still dominated by conventional insurers and regional takaful operators are facing stiff competition from established conventional players and foreign players entering the takaful market space...............................................Full Article: Source
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