IslamicFinance.de

Fast-paced economic growth in Qatar is supporting the takaful sector along with a keenness from policy makers to support the insurance market. At the same time, most of the mainstream takaful and retakaful companies in the region are currently undervalued compared to other sectors of the economy. Year 2015 continues to hold high hopes for takaful in Qatar and promises increased market penetration. However, sector executives appear not to be optimistic, with the Qatar Financial Centre’ Mena Insurance Barometer reporting that only 21% of participants expect the takaful segment to outgrow total insurance premiums in the next twelve months in 2015 same as in 2014, but compared with 32% in 2013.