Takaful Malaysia eyes double-digit growth

Syarikat Takaful Malaysia is targeting double digit-growth in new business this year driven by its family and group segments. Group managing director Datuk Mohamed Hassan Kamil said the company aims to maintain its lead in the group family takaful business, capturing 40% of the market sector, and 20% of the combined family and general takaful business. He noted that Takaful Malaysia will carry on being cautious in accepting only profitable underwriting contracts while avoiding those prone to greater risks. Hassan also mentioned that developing new product offerings is definitely an area the company is looking into as it strongly believes this would likely be the key driver of sales. Takaful Malaysia's growth areas are still within the fire and engineering segments.