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 From Editor-in-Chief 
 Cover Story – GAIF Special: A chance to rise to the needs of the market today 
 Market Profile – Indonesia: Takaful prepares to switch to higher gear 
 Market Profile – Kuwait: Competition overshadows growth opportunity in Kuwait 
  Table of Contents  
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Takaful
 
  1.  IDB-WIEF vows closer cooperation in Islamic finance
    Jeddah-based Islamic Development Bank (IDB) has signed a Memorandum of Understanding (MoU) with the World Islamic Economic Forum (WIEF) Foundation to foster closer cooperation in the promotion of Islamic finance, poverty reduction, and the development of the private sector amongst other things.
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  2.  Takaful Malaysia seeks revenue from UK properties
    Syarikat Takaful Malaysia has identified several properties in London which potentially can yield very favourable returns to its investment funds in line with plans to broaden its income through properties, said Group Managing Director Datuk Hassan Kamil to local media.
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  3.  Sri Lanka: Amana Takaful to be more conservative after taking investment hit in FY11
    Sri Lanka's pioneering Islamic insurer, Amana Takaful PLC plans to invest more into fixed income securities, after its bottom line was hit by falling equity prices and lower returns from gold, officials said.
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Middle East
 
  1.  UAE's ICD and Samsung Life Insurance ink MoU
    Investment Corporation of Dubai (ICD), the emirate' sovereign wealth fund, has signed a memorandum of understanding (MoU) with South Korea's Samsung Life Insurance (SLI) to form an alliance to explore international opportunities in the life insurance sector with a strong focus in emerging markets.
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  2.  Jordan: Free tariff for motor covers starting next year
    Starting 2013, Jordan insurer will no longer be subject to the unified tariff rates when selling motor policies, said Mrs Rana Tahboub, Acting General Director of Jordan's Insurance Commission (IC) in an interview with a local newspaper.
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  3.  UAE: ADNIC's 1Q profit grew 11% to US$23 mln
    Abu Dhabi National Insurance Company's (ADNIC's) net profit increased by 11% y-o-y to AED86 million (US$23.4 million) at the end of first quarter, while gross written premium grew 5% y-o-y to AED735 million. Its overall retention ratio has grown to 48% for the period ended 31 March 2012, compared to 45% during the same period of 2011.
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MIR Conferences
Last Updated on, 18 May 2012
Date Conference Location
23 - 24 May 2012 13th Asia Conference on Bancassurance & Alternative Distribution Channels Beijing, China
2 - 3 Jul 2012 4th Asia Life Insurance Summit Jakarta, Indonesia
19 - 20 Jul 2012 10th Conference on Catastrophe Insurance in Asia Beijing, China
24 - 25 Jul 2012 6th Asia Conference on Microinsurance Manila, Philippines
17 - 18 Sep 2012 1st Middle East Life & Family Takaful Summit Dubai, UAE
 

 

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