Growing takaful with InsurTech
Source: Middle East Insurance Review | Nov 2019
InsurTech can and will help in the promotion, standardisation and harmonisation of takaful products, as well as their broader integration with existing Islamic finance mechanisms. Partnerships, collaboration and ecosystems need to remain in focus and takaful operators need to start exploiting these avenues further if they intend to compete more effectively on a global scale and continue to grow, says Mr Shahid Safdar of Charles Taylor InsureTech.
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