Events - Hannover Re: Providing Retakaful Solutions
Source: Asia Insurance Review | Mar 2006
In the absence
of retakaful companies, takaful companies have used conventional reinsurance
as part of their risk-management system, raising concerns that takaful products
in the market are not fully Shariah-compliant. Mr Jens Blohm, Managing
Director of Hannover Life Re Germany, shares the company’s recent retakaful
pooling arrangement that combines the strength of an international highly-rated
reinsurance company with the requirements of a fully Shariah-compliant solution.
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