The UAE Insurance Authority's (IA) much awaited new regulations for life insurance and family takaful are expected to be published in the Official Gazette imminently and take effect six months thereafter.
The Inter-African Conference on Insurance Markets (CIMA), the body in charge of insurance regulation in 14 French-speaking countries in sub-Saharan Africa, has introduced takaful in its insurance law.
The Insurance Regulatory Authority (IRA) has pledged to to hasten the completion of a takaful framework to promote the growth of the market segment.
Tunis Re has posted an 18.8% increase in premium income to TND120.2m ($42.4m) for the first nine months of this year, compared to the corresponding period last year.
Etiqa, the insurance arm of Malaysia's Maybank Group, is seeking to introduce takaful to the Philippines once it finds a local Islamic bank to partner with.
Eight insurance companies in the Egyptian market have increased their paidup capital by EGP339m ($20.85m) in the year to date, to reach a combined total of about EGP1.3bn.
Islamic Arab Insurance, one of the UAE's largest takaful companies, plans to raise the ceiling on foreign ownership in the company to the maximum permissible under UAE law of 49%, the company says. The existing cap is 25%.
A mutual microinsurance model, which incentivises its members to be healthy, aims to have about 1m new lives by 2022, having set up nine local mutuals across urban, rural and tribal geographies with over 300,000 people already covered by it.
The UAE Insurance Authority (IA) has issued new regulations relating to life insurance and family takaful insurance, that are in line with the latest international standards and that balance the interests of all parties in the market.
Bank Negara Malaysia Assistant Governor Encik Adnan Zaylani Mohamad Zahid spoke about "Leading in a Disruptive World - Revolutionising Takaful" at the Takaful Rendezvous organised by Asia Insurance Review. Asia Advisers Network brings you the highlights.