MALAYSIA - TAKAFUL - Malaysia's Contribution To Global Takaful Industry To Increase To US$2.4 Billion

www.bernama.com - KUALA LUMPUR, June 13 (Bernama) -- Malaysia's contribution to the global Takaful industry is expected to increase to US$2.4 billion this year from US$1.4 billion in 2011.

Ernst and Young Partner (Assurance) Brandon Bruce Sta Maria said the estimation was based on expectations that the industry's growth trend would be sustained for the next two years.

"Malaysia's market grew 24 per cent to touch a US$1.4 billion contribution last year at an average of US$141 million per operator," he told Bernama on the sidelines of the World Takaful Conference: Asia Leaders' Summit 2012 here today.

For the South East Asian region, Sta Maria expected the contribution to the industry to increase to US$3.4 billion from the US$2.2 billion achieved last year.  (source)