By 2008, the total gross written premium (GWP) for takaful business (life and non-life combined) had grown to just under $5.1 billion.
Takaful Insurance Resources
Understanding Takaful Practice
Takaful originates from Arabic word Kafalah, which means "joint guarantee". In principle, the Takaful Insurance system is based on mutual co-operation, responsibility, assurance, protection and assistance between groups of participants
New growth paradigms for Takaful at World Takaful Conference
The opening keynote plenary session of the 5th Annual World Takaful Conference (WTC 2010) features a high-profile faculty of international industry leaders who will revisit Takaful growth horizons with an emphasis on re-aligning business models in the aftermath of the global economic crisis.
With a focus on re-igniting growth prospects for the global Takaful industry, this keynote plenary session will explore global market opportunities in key Takaful product segments: Assessing life vs. non-life product growth horizons; as well as provide new insights into industry growth prospects, notwithstanding recent setbacks, and if Takaful is still on track to become an $8bn industry by 2012.
Dr. Ahmed Al Janahi, Managing Director Noor Takaful & Deputy Group CEO, Noor Investment Group, Dr. Saleh J. Malaikah Vice Chairman & Chief Executive Office, SALAMA Group, Hussein Al Meeza Managing Director & Chief Executive Officer Dubai Islamic Insurance & Reinsurance (AMAN) and Sandeep Sachdeva, Global Head HSBC Amanah Commercial Banking, HSBC Bank Middle East will pinpoint new growth and global market opportunities for Islamic insurance products as the industry takes advantage of opportunities emerging at this phase of economic recovery.
“The World Takaful Conference has been recognized as a key forum for discussing various issues pertaining to the Takaful Industry. The demand for Takaful and Retakaful is growing at a very fast pace. The World Takaful Conference provides an ideal opportunity to discuss these issues and introduce at the same time various new products required by the various sectors, particularly banks dealing in Islamic products. As a leading Takaful operator in the region, Aman is proud to be associated with such a prestigious event and extends its good wishes to all participants,”
Hussein Al Meeza Managing Director & Chief Executive Officer Dubai Islamic Insurance & Reinsurance (AMAN)
This high-profile gathering of more than 350 leaders in the global Takaful market is again held in strategic partnership with the Dubai International Financial Centre (DIFC) and has also attracted a record number of leading regional and international players as key partners, further confirming its global stature as the largest and most influential gathering for the industry leaders to explore the post-crisis landscape of opportunities for the Islamic insurance industry.
