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News Middle East21 Sep 2021

GCC:Takaful insurers face rising claims amid stiff competition, declining 1H profits

| 21 Sep 2021

The profits of the Islamic insurance (takaful) providers in the Gulf Cooperation Council (GCC) countries deteriorated in the first half of 2021 as claims returned to normal levels after last year's pandemic-induced lockdowns and prices are held back by competition, but growth prospects for the industry remain favourable, Moody's Investors Service said in a report published yesterday.

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