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According to ratings agency Moody’s, the Takaful industry is expected to experience improved premium growth this year supported by growing demand from key regions such as the Gulf Cooperation Council (GCC), Southeast Asia and Africa. Mohammed Ali Londe, AVP-Analyst at Moody’s, said that in the GCC region the compulsory motor and medical cover will support demand, as will economic activity linked to planned sporting and cultural events, such as 2020 Expo in the UAE and the 2022 Fifa World Cup in Qatar. Experts speaking at the 14th World Takaful & Insurtech Conference in Dubai said despite the slow pace of growth in premiums, the industry has huge potential for expansion.