Arab Today, arab today takaful insurance industry growing globally
Last Updated : GMT 02:16:14
Arab Today, arab today
Arab Today, arab today

Takaful insurance industry growing globally

Arab Today, arab today

Arab Today, arab today Takaful insurance industry growing globally

Dubai - Arabstoday

The Shariah-compliant (takaful) insurance industry like many other growing sectors- is facing a number of challenges, high inflation, uncertainty on investment returns and risk on capital loss are the key areas say industry experts. There is also need for genuine takaful operators to offer deeper understanding and better services rather than simply offering takaful-based products as one arm of a wider business, says Ghassan Marrouche, Chief Executive Officer at Takaful Emarat. He was speaking to The Gulf Today at the sideline of the 7th Annual World Takaful Conference 2012 that opened in Dubai on Monday. Over 350 industry leaders globally are attending the two-day event to discuss about the growth and expansion of the global Takaful industry. The theme of the event is “Improving Competitive Performance: Shifting to Sound Underwriting Profitability. Marrouche revealed that the industry is also expanding globally and is currently concentrated in Malaysia and the Middle East, where it has been experiencing significant growth rates. Takaful has undergone a significant internationalisation phase and managed to cross borders, said Marrouche. He mentioned that some Takaful operators are relying upon aggressive pricing strategies to compete against the established, older players in the market. Such pricing, Marrouche added is not sustainable and causing significant pressure on the industry’s profitability. Awareness and acceptance of takaful are also growing in regional markets such as Indonesia, Brunei, Turkey, India, and Pakistan. Takaful in Africa. Statistics indicate that in 2011, the global takaful industry was valued at US$12bn, recording a remarkable growth of 32 percent on the previous year. The GCC market alone recorded impressive growth, with 70 per cent of the market share coming from GCC countries, while Southeast Asian countries led by Malaysia accounted for approximately 21 per cent of the global takaful market. Despite growing concerns for the global economy, the Shariah-compliant insurance sector continues to expand further than conventional system, said the CEO. Takaful products are also becoming more and more competitive. Marrouche also disclosed that Takaful Emarat, the UAE-headquartered Shariah-compliant life and health insurance company, offer products based on the market needs.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today takaful insurance industry growing globally Arab Today, arab today takaful insurance industry growing globally

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today takaful insurance industry growing globally Arab Today, arab today takaful insurance industry growing globally

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Malaysia Airlines picks new CEO

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Residents get glimpse of Raqa in ruins

GMT 07:10 2017 Saturday ,21 October

Residents get glimpse of Raqa in ruins
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Actress Mona Zaki praises husband’s role

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 09:56 2017 Friday ,20 October

Privacy Groups Warn of Perils

GMT 08:04 2017 Thursday ,19 October

Second US judge orders freeze

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday