Watania Takaful Family (WTF) has announced a new strategic partnership with Aura, the state-of-the-art health insurance platform, to deliver faster and more tailored services for small and medium enterprises (SMEs) in the UAE.
Digital payments and financial services provider SeaMoney in partnership with Takaful Ikhlas General Bhd will offer motor takaful protection on the Shopee app.
The National Insurance Commission of Nigeria (NAICOM) and Malaysia insurance will collaborate in two important areas of capacity building and investment opportunities in takaful insurance.
Etiqa Insurance Singapore (Etiqa) has launched 'Invest future', Singapore's first Takaful offering in over a decade. Maybank Singapore (Maybank) will be the exclusive distributor of this takaful product.
Maybank's insurance arm, Etiqa Insurance Singapore (Etiqa), in collaboration with Maybank Singapore, unveiled Invest Future, Singapore's first takaful offering in over 10 years. Maybank Singapore is the exclusive distributor of this innovative Shariah-compliant investment-linked product (ILP).
The insurance sector in Algeria achieves a high turnover in the first 9 months of the preceding year, with international acceptances and takaful showing huge growth.
The takaful market promises big opportunities in Uzbekistan where 96% of the population are Muslims, according to Mr Abror Mukhitdinov, an actuary and UNDP expert at a recent roundtable.
Nigeria's insurance commissioner, Mr Olusegun Omosehin, has said that although takaful currently represents 1-2% of the insurance market, the future outlook is promising, considering the average annual growth rate of over 34% in contribution generated by the segment in the last four years.
The Khyber Pakhtunkhwa provincial government will establish a takaful company to operate a proposed universal life insurance scheme.
Saudi Arabia is expected to see an increase in mergers and acquisitions (M&A) in its insurance sector as the GCC region enters a significant consolidation phase.