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Islamic Finance Briefing - Categorized | Insurance (Takaful), Market Moves more

Consolidation seen amongst takaful companies

Posted on 03 March 2010

From Arabianbusiness.com: The Islamic insurance industry, known as takaful, is seeing more interest in consolidation as companies face increasing competition, weak market penetration and a higher expense base than conventional counterparts.

The financial crisis is also putting pressure on smaller and mid sized companies to consider merging with another company, said Hisham Solaiman, financial manager at Kuwait based National Takaful Insurance Co……………………………………….Full Article: Source

 
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