Country Profile - Country Profile On Malaysia Takaful: A flourishing market
Source: Asia Insurance Review | Feb 2009
Takaful is thriving in Malaysia, growing at about 21% for the last few years. However, it is still a small segment of the insurance industry and more efforts are needed to improve the penetration rate in the country. In this segment, we look at the takaful landscape in the country and also speak with takaful and retakaful companies for their views on how business is like today and if the current financial crisis has any impact on the takaful scene.
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