Magazine

Read the latest edition of AIR and MEIR as an Interactive e-book

Apr 2018

Takaful Market Profile


UAE

A good return to profitability

UAE takaful operators ended 2017 on a high note with growth in both top and bottom lines. The regulatory reforms introduced over the past three years, including increasing motor insurance prices and expanding range of mandatory medial insurance, have started to pay off as most operators’ business concentrate in these two classes. Going forward, can the takaful operators build on this success to see sustainable growth and profitability?
 

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Orient UNB Takaful: Successful first steps

Orient UNB Takaful successfully kicks off activities supported by the strength of its founders’ branding and prudent underwriting strategy, says CEO Syed M Asim from the company’s head office in Dubai.
 

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Takaful Emarat: Gambit of a MENA game plan

Takaful Emarat’s acquisition of Al Hilal Takaful last year is only a stepping stone towards further expansion in MENA to create a larger regional player within the next three to five years, says Mr Mohammad Al Hawari, Executive Board Member and Managing Director.
 

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National Takaful Co (Watania): Craving for a sustainable strategy

Takaful operators generated positive results last year, but they still have to address issues of solvency, capital adequacy and, more importantly, sustainability of profits, says Mr Gautam Datta, CEO of National Takaful Co (Watania).
 

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Islamic Arab Insurance Co (SALAMA): Perils of being jack of all lines

Takaful operators should strategically focus on core lines instead of trying to master all lines thereby achieving modest outcomes, says Mr Parvaiz Siddiq, Chief Operating Officer at Islamic Arab Insurance Co (SALAMA).

 

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Noor Takaful Co: Elements of relevance

Compulsory lines have boosted the market in the past few years, but operators need to tap into other lines to remain relevant, says Mr Rajesh Sethi, CEO, Noor Takaful Co.
 

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