WORLD - TAKAFUL - Analysis - Slower takaful growth prompts strategy rethink

www.reuters.com - (Reuters) - Growth of the takaful or Islamic insurance business is slowing, industry statistics show, increasing pressure on the sector to boost efficiency, roll out new products and explore new markets.
Takaful, which has its core markets in the Gulf and southeast Asia, is one bellwether of consumer appetite for Islamic finance. But profitability has been hit by fierce competition and rapid growth of workforces at takaful providers in past years.
"A key strategy is to scale up family takaful," Shyam Sankar, regional head of insurance sales through bank channels at Bahrain-based Medgulf Allianz Takaful, told Reuters.  (source)

WORLD - REPORTS - TAKAFUL - Takaful Premium Jumped 19% in 2010 to $8.3 Billion, E&Y Says

www.bloomberg.com  -Global Islamic insurance contributions surged 19 percent in 2010 to $8.3 billion helped by Saudi Arabia, the world’s biggest oil exporter, which made up more than half the industry, an Ernst & Young report said.

The six-nation Gulf Cooperation Council, which also includes the United Arab Emirates, Qatar, Bahrain, Oman and Kuwait, made $5.68 billion of Islamic insurance or takaful contributions in 2010, and South East Asia $2 billion, according to the World Takaful Report 2012 e-mailed today.  (source)

WORLD - TAKAFUL - Global takaful premiums to touch $25b by 2015 - Indonesia top grower with 67 %

Dubai: Global takaful (Islamic insurance) contributions are expected to reach $12 billion (Dh44.04 billion) by the end of this year and reach $25 billion by 2015, according to Ernst & Young's World Takaful Report 2011 released yesterday.

Total takaful premiums amounted to $9.15 billion last year. "The takaful industry and its core markets have experienced another challenging year, where positive signs of economic recovery and improved business sentiment were shaken by the socio-political uncertainty witnessed across the Middle East and North Africa (Mena) region in the first quarter of 2011," said Ashar Nazim, Executive Director & Islamic Financial Services Leader, Ernst and Young. (source)
The original press brief from Ernst and Young can be accessed at their website : here
The 2011 World Takaful Report can be downloaded at the Ernst and Young Website :  here

TAKAFUL - REPORTS - ERNST YOUNG World Takaful Report 2011

The Ernst and Young - World Takaful Report 2011 can be downloaded here.

TAKAFUL - Global Islamic insurance seen growing 31% in 2011

JEDDAH: Global Islamic insurance (Takaful) contributions are expected to reach $12 billion in 2011, an increase of 31 percent from $9.15 billion last year, Ernst & Young said in its "World Takaful Report 2011: Transforming Operating Performance" unveiled at the sixth Annual World Takaful Conference 2011 held in Dubai Saturday. (full story)