Takaful operators struggle with growth and profitability, finds A.M. Best report

The significant premium growth in the global takaful sector is expected to continue and reach USD 20 billion by 2017, with the majority of that increase originating from Malaysia and Saudi Arabia, according to a new A.M. Best special report. The Best’s Special Report, titled “Takaful Operators Struggle with Growth and Profitability,” also notes that despite the rapid growth of takaful on a global basis, it has struggled to take hold in Middle East markets, other than Saudi Arabia, which are considered to be concentrated with a few large players dominating their respective markets. To access a copy of this special report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=235591.