Islamic insurance market gets activated
6 November 2008The market of Islamic insurance (takaful) has grown on 64 % in Bahrain and on 46 % in the United Arab Emirates.
Despite global crisis Islamic insurance in the United Arab Emirates and Qatar gets activated. The average size of insurance awards per capita has exceeded up to 554,8 dollars.
Islamic insurance branch of the United Arab Emirates - is the second fast-growing market in region of Persian Gulf after Bahrain. in 2005-2006 in Bahrain takaful market has grown on 64 %, and in the United Arab Emirates - on 46,1 %.
Nevertheless, the market share of Islamic insurance sector in comparison with traditional insurance remains small. The percentage of takaful repayments (concerning general insurance) is quite low though keeps increasing - in Bahrain it makes 0,5 %, and in Kuwait - 1,8 %.
- Life insurance policy (Part 1)
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- Insurance risk-management in the countries with transitive economy
- Insurance brokers and agents
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