Moderate growth predicted for global takaful premiums, says Moody’s

Moody’s believes that takaful premiums globally will keep rising moderately in the next two to three years, driven by stronger regulations and increased compulsory cover. Moody’s said it expects regulatory regimes to strengthen across all takaful markets, with improvements in risk management, underwriting and reserving. Globally, gross takaful premiums, or contributions, increased at a compound annual rate of 9% between…

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