Swiss Re Retakaful

At Swiss Re, we recognise the increasingly important role that Islamic reinsurance, or Retakaful, plays.

We have a dedicated Retakaful operation in Kuala Lumpur, Malaysia and we are extending our family and general solutions to Takaful operators worldwide.

Clients can trust our solutions, backed by Swiss Re’s global expertise, financial strength and Shari’a (Islamic law) credibility.

Products & services

As a full-service provider, we offer our products and services in all business lines usually available to Takaful, including:


Individual/group life
Mortgage Reducing Term Takaful (MRTT)
Index Linked Products (ILP)
Direct Marketing/ Tele-Marketing (DMTM) products and distribution support

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 estimated 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.

Islamic insurance

Takaful is a form of insurance that complies with the fundamentals of the Shari'a (Islamic law). It is a system based on the principles of mutual assistance and voluntary contribution, where risks are shared collectively and voluntarily by a group of participants. Takaful has been developed as a Shari’a-compliant alternative to conventional insurance which contains impermissible elements such as uncertainty and interest.

Retakaful - Operating Model

Swiss Re began offering Retakaful solutions for the Family (Life) Retakaful business in the Middle East in 2006

Read the whole story

People walking on map

Changes create Re/Takaful potential

Historically, insurance has not been popular in Islamic countries. Demographic change and other societal transformations are, however, creating market opportunities for Takaful.

Read the whole story