IslamicFinance.de

Shariah-compliant insurance (Takaful) is gaining traction in the Middle East with prospects for insurers to create distribution channels that meet the dedicated clientele needs.
Takaful segment was certainly growing though it was not yet a major component in the global insurance industry.
In Saudi Arabia, many insurers were now offering takaful products, covering life, non-life and personal lines.
Although the growth is slow, a noteworthy feature is that takaful activities have not “stagnated” in the recent past.
On challenges facing the global insurance industry, the sector was still governed by macro-economic issues, which were a fall-out of the economic turmoil. The insurance industry has been hit worldwide; not just in the US or the Eurozone.