| From Globalarabnetwork.com: Like many other sectors of the economy, the insurance industry has been affected by the international financial crisis, with most firms seeing a reduction in new business written, a rise in policy cancellations and a fall in the value of assets and investments held over the first three quarters of the year.
This slow-down has been felt across the industry, with both conventional policy providers and the increasingly active takaful, or sharia-compliant, segment feeling the pinch............Full Article: Source
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