Takaful outpaces conventional insurance in MalaysiaJanuary 12 2018 by InsuranceAsia News Staff
- April 13
Malaysia's takaful market has been growing at a breakneck speed over the past decade.
- February 23
Islamic insurance products in Indonesia and Malaysia grew much faster than conventional insurance.
- February 15
Rating agency says outlook is positive despite some regulatory headwinds.
- January 6
Central bank initiative has a proposed minimum capital requirement of US$9.5m and includes the takaful market.
A longer claims process and increased cost were some of the challenges faced by insurers.
Tropical cyclones have always been a significant peril in Asia and a major focus for risk assessment in the region.