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Takaful outstanding in first half
Takaful is concentrated in motor and medical. Operators have benefited from the improvement seen in both lines in the first half of the year.

Source : MEIR | 01 Nov 2017
Where is the untapped potential?
Takaful is growing steadily in some markets like Malaysia though in many others including in the GCC it seems to be slowing down. Takaful operators are still finding ways to appeal to Millennials, while grappling with regulations that do not promote a level playing field. Speakers at the Takaful Rendezvous 2017 in Kuala Lumpur shared candid views about the challenges faced while highlighting new avenues of potential to explore.

Source : MEIR | 01 Nov 2017
Global: Takaful companies urged to boost effectiveness
The takaful sector is the only one in the Islamic financial industry to sustain double-digit growth, although this is due to the small base of takaful contributions, according to the ruler of Perak state in Malaysia, Sultan Nazrin Shah.

Source : MEIR | 01 Nov 2017
IAIS recognises insurance mutuals enhance access to cover
The International Association of Insurance Supervisors (IAIS) has issued an application paper on the regulation and supervision of mutuals, cooperatives and community-based organisations (MCCOs) in increasing access to insurance markets.

Source : MEIR | 01 Nov 2017
UAE: Takaful Emarat in strategic tie-up with InsurTech firm
Dubai-listed life and health takaful provider Takaful Emarat has announced a strategic long-term alliance with Bayzat, a rapidly growing UAE-based technology business that provides innovative insurance and HR solutions.

Source : MEIR | 01 Nov 2017
Turkey: Takaful regulations to take effect this year
The Undersecretariat of the Treasury has announced that a new regulation, called “Procedures and Principles of Participation Insurance Business”, has been published in the Official Gazette. The regulation was gazetted on 20 September and will take effect three months after its publication.

Source : MEIR | 01 Nov 2017
Pakistan: Financial regulator introduces rules to improve Shariah advisory services
The Securities and Exchange Commission of Pakistan (SECP) has introduced draft Shariah Advisers Regulations 2017 to enhance the credibility of Islamic financial services sector.

Source : MEIR | 01 Nov 2017
Oman: Takaful Oman launches Islamic finance knowledge programme with 2 partners
Bank Nizwa has hosted the signing ceremony of a MoU partnering with Takaful Oman Insurance and Al Kawthar Islamic Fund managed by “TANMIA”, to organise the Sultanate’s first roadshow that will shed light on Shariah-compliant financial tools, including banking, insurance and investment. The programme, titled “Islamic Finance Knowledge Program”, will be held across multiple governorates and is set to feature presentations by some of the most respected figures in the Islamic financial sector, panel discussions, and participation from senior Shariah-compliant scholars.

Source : MEIR | 01 Nov 2017
Malaysia: Etiqa completes acquisition of 75% stake in Indonesian insurer
Etiqa, the insurance and takaful arm of Malayan Banking Bhd’s International Holdings (Maybank), has completed the acquisition of a 75% stake in Indonesian general insurer PT Asuransi Asoka Mas for IDR207.2 billion (US$15.3 million).

Source : MEIR | 01 Nov 2017
Takaful 2.0: Will we ever get there?
The takaful industry needs to transform business to assimilate disruptive forces, appeal to millennials and move towards the next phase of “takaful 2.0” which it has yet to arrive at, said speakers at the Takaful Rendezvous 2017 organised by Asia Insurance Review.

Source : AIR | 01 Dec 2017
Malaysia: Structural factors to drive growth in takaful
Malaysia’s takaful growth continues to outpace that of the conventional insurance sector, driven by stable domestic consumption and government efforts to reach out to the mass-market, says Fitch Ratings.

Source : AIR | 01 Feb 2018
CII aims to help bridge Indonesia's 'Insurance Gap''
The Chartered Insurance Institute highlighted the opportunity Indonesia’s ‘Insurance Gap’ presents to the insurance profession in Indonesia, if it can build greater capacity and awareness.

Source : AIR | 01 Mar 2018
Malaysia: Growth prospects for insurance and takaful industry seen as positive
The insurance and takaful industry in Malaysia is improving given the ample room for growth, supported by proactive measures to innovate the industry taken by Bank Negara Malaysia (BNM), says MIDF Amanah Investment Bank’s research arm, MIDF Research.

Source : AIR | 01 May 2018
Takaful in Asia still struggling for scale
The takaful sector has not yet reached the scale that its advocates have dreamed of for the past 10 years. The causes and the remedy are not hard to identify.

Source : AIR | 01 May 2018
Malaysia: Takaful sector to consolidate due to regulatory pressures
Regulatory pressures will drive sector consolidation in Malaysia in the short term, said Fitch Ratings.

Source : AIR | 01 Aug 2017
The road ahead in takaful
Dr Mohamed Rafick Khan bin Abdul Rahman of Munich Reinsurance Company (Retakaful), looks at the taawun’ concept in takaful with its room for further development.

Source : AIR | 01 Sep 2017
Takaful: The race continues
While recent trends reflect optimism about Malaysia’s takaful growth and improvement of market share compared to conventional insurance, “takaful is still far below its full potential, and is nowhere near where it should be.”

Source : AIR | 01 Sep 2018

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