Malaysia: RBC framework necessary for takaful growth, says MTA
Source: Asia Insurance Review | Mar 2013
The new takaful risk-based capital (RBCT) framework which is due take effect in 2014 is a necessary medicine for healthy growth, especially to an industry still very much in a growing stage, said the Malaysian Takaful Association (MTA). The framework will be used to set capital requirements based on insurers' size and degree of risks.
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