Conference Reports - Tackling thorny issues – Asian Takaful Conference
Source: Asia Insurance Review | Jun 2011
The industry remains bullish on takaful – growth is estimated to be around 30% yearly – but pertinent issues need to be resolved for it to jump to the next level and be seen as truly distinct from conventional insurance. The 6th Asian Takaful Conference in Singapore did not shy away from tackling the thorny issues such as resorting to conventional reinsurance, the Qard dilemma and Shariah compliance. It looked into promising new areas as well, particularly in new channels of distribution.
By Wong Mei-Hwen
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