Global takaful insurance regulatory environment faces challenges: Deloitte
The regulatory environment remains a work in progress and faces inconsistency
Dubai: Despite the global Takaful insurance market exhibiting impressive double-digit growth of 18 per cent over the period 2007-2012, the regulatory environment remains a work in progress and faces the challenge of inconsistency and conflicting interpretation across jurisdictions, according to Deloitte’s 2014 Takaful Insurance Report for Asia, Middle East and Africa.
An executive round-table jointly hosted by Deloitte Middle East and IRTI-IDB Group on November 30, 2014 in Dubai brought together industry executives to debate key regulatory and investment strategies for sustainable industry growth, as well as the findings of Deloitte’s 2014 Takaful Insurance Report for Asia, Middle East and Africa, entitled “The Way Forward for Takaful” and launched end of November 2014 as a joint research initiative in collaboration with INCEIF and Henley Business School.
