Takaful International Company has announced that the first Islamic Insurance Company in Bahrain, says that its total net profit reached BHD1.65m ($4.38m), representing a 9% growth from BHD1.51m in 2023, mainly attributed to strong investment performance.
Total premium income for the insurance market in Egypt registered notable growth in the period between January and November 2024, according to the Financial Regulatory Authority (FRA) monthly report.
All general insurance and takaful companies in Malaysia are closely collaborating with all stakeholders on the crucial issue of total loss vehicles.
CEBUANA Lhuillier Insurance Brokers in collaboration with Etiqa Insurance has introduced Philippines' first takaful product. The product has been designed to cater to the specific needs of the Islamic community while promoting inclusivity and financial empowerment for Filipinos across all walks of life.
Bank Negara Malaysia (BNM) in December 2023 had issued the draft code of conduct for repairers - insurers and takaful operators. The regulator issued the Insurers and Takaful Operators-Repairers Code of Conduct ('the code') on 23 December 2024. The code came into effect on 2 January 2025.
Thawani Pay, one of Oman's biggest platforms for smart payment solutions, has partnered with Takaful Oman Insurance to introduce a motor insurance product through the Thawani App.
MNRB Holdings has reported a 36.93% increase in its third quarter net profit which amounts to MYR115.86m ($25.90m) registering a surge from MYR84.61m a year earlier. The company has achieved this milestone on the back of a MYR136.7m jump in the group's insurance service earnings.
Oman Reinsurance Company (Oman Re) has launched its retakaful window starting 1 January 2025, the reinsurer told Middle East Insurance Review (MEIR). The step represents a significant milestone in the reinsurers' journey to deliver specialised and shariah-compliant risk solutions.
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.