Study points to healthy prospects for Islamic insurance
In sigma report no 5/2008 “ Insurance in emerging markets: overview and prospects for Islamic insurance”, Swiss Re revealed that the average annual growth rate for Takaful between 2004 and 2007 was an estimate 25% (adjusted for inflation), versus 10.2% in the conventional market.
Takaful premiums of approximately USD 1.7bn were written in 2007, and it is estimated that the global Takaful market could reach USD 7bn by 2015. The 1.5bn Muslims around the world, and also non-Muslims interested in the principles underpinning Shari’a-compliant products, represent a growing client segment for the insurance sector.
Products & Services
As a full-service provider, we offer our products and services in all the business lines usually available to Takaful, including:
- Family
- Individual/group life
- Health
- Mortgage Reducing Term Takaful (MRTT)
- Index Linked Products (ILP)
- Direct Marketing/ Tele-Marketing (DMTM) products and distribution support
- Property
- Motor
- Accident
- Liability
- Marine
- Engineering
General:
