Takaful contributions in Malaysia are expected to hit US$3.02 billion in 2014 from $2.44 billion in 2013, said Mr Zainudin Ishak, Chairman of the Malaysian Takaful Association (MTA).
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Jubilee Life and Adamjee Life, ranked among Pakistan's largest private-sector life insurers, are the latest in a growing line of conventional players to announce plans to set up takaful windows, reported the Express Tribune.
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Takaful Insurance Company aims to increase its market share in Palestine to 20% from 12% at present, which would represent a growth rate of at least 20% annually over the next several years.
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The Ministry of Transport is planning to implement comprehensive new regulations for taxis from mid-February, requiring insurance coverage for passengers, drivers and third parties.
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The majority of work-related injuries in Saudi Arabia occur in the construction and manufacturing sectors, according to the General Organization for Social Insurance (GOSI).
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Abu Dhabi National Takaful Company has posted a profit of AED24.8 million (US$6.8 million) in the nine months ended 30 September, down 20% y-o-y, mainly due to motor technical results.
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National Takaful Company (Watania) has turned in a net profit of AED1.05 million (US$285,865) in the nine months ended 30 September, reversing from losses of AED6.33 million for the same period in the previous year.
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Noor Takaful has signed a bancatakaful agreement with Dubai Islamic Bank (DIB) to distribute individual and family takaful products across the country.
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