Country Profile - Indonesia: Takaful - A Sleeping Giant
Source: Asia Insurance Review | Feb 2008
With takaful premium still very small, estimated to be about 1% - 2% of total premium income of the life and general insurance businesses, the industry is excited about the tremendous potential in the nascent market, with companies forming takaful windows or applying for takaful licences. Asia Insurance Review speaks with several insurers, both life and non-life as well as reinsurers, and presents an assessment of the takaful scene in the world’s most populous Muslim country.
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