Reinsurance News
takaful
Strong re/takaful growth prospects for Islamic finance sector, reports Moody’s
20th March 2018
Moody’s has predicted that the Islamic finance and re/takaful sectors are likely to continue to exhibit strong growth in the coming years, largely driven by fertile growth prospects in Southeast Asia and North Africa. The takaful market, which is the Islamic alternative to insurance, attracted gross premium contributions of US $14.9 ... Read the full article
Sustainability of current retakaful model to be tested: A.M. Best
14th February 2018
The retakaful market remains small and extremely challenging with companies struggling to compete with conventional reinsurers, putting the sustainability of the retakaful model in doubt, according to international ratings agency, A.M. Best. Retakaful is the Islamic alternative to reinsurance, and owing to greater interest for Islamic insurance (takaful), A.M. Best highlights ... Read the full article
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