News Asia18 Feb 2016

Indonesia:Takaful grows faster than conventional business in 2015

18 Feb 2016

Takaful contributions in the Indonesian market grew by around 4.1% to around IDR10.5 trillion (US$777 million) in 2015, slower than the previous year amid a slowdown in the country's real GDP growth. But the Islamic insurance growth was 2.5 times as fast as that of the conventional insurance segment that posted more modest growth of 1.6%, according to Fitch Ratings.

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