| From Businessdailyafrica.com: Insurance companies are racing to launch sharia-compliant products to tap Kenya’s growing Muslim middle class. APA Insurance, CIC Insurance, Cannon Assurance—which collectively control about 15 per cent of the Kenyan market—have announced plans to roll out Islamic insurance products or takaful.
They are seeking to deepen penetration in a market where conventional insurance has suffered from consumer apathy and ignorance, with uptake remaining at below three per cent over the decade..............................................Full Article: Source
|