The World Takaful Report 2012, developed in collaboration with international advisory firm Ernst and Young, will be officially launched on April 16 at the seventh Annual World Takaful Conference (WTC 2012) in Dubai.
The Ernst and Young World Takaful Report, a ground-breaking initiative designed to not only identify but also to raise the bar of competitive excellence, strategic leadership and performance improvement in the global Islamic insurance industry, now in its fifth edition, will analyse key strategies that leading takaful institutions must deploy to ensure continued growth as the global Islamic insurance industry enters its next phase of market development.
"The takaful industry has witnessed significant internationalisation in the last decade, with the industry rapidly expanding its footprint beyond the traditional high-growth markets of the GCC and Malaysia," said World Takaful Conference chief executive David McLean.
"A number of new jurisdictions have modified their legal and regulatory frameworks and issued new guidelines to support the growing demand for takaful products in their domestic markets.
"Though the overall outlook for the global takaful industry remains positive, it is essential that the mounting challenges posed by increasing competition not only among Takaful operators but also from conventional players entering the takaful market space, declining underwriting profits and investment portfolios need to be immediately tackled so that the industry can maintain its current growth levels and hit the projected $25 billion mark by 2015."
The report will be launched at a special plenary session of WTC 2012. The Report 'Industry Growth and Preparing for Regulatory Change' will be presented by Ernst and Young Islamic financial services leader Ashar Nazim and banking and takaful leader Abid Shakeel.
The conference will see more than 350 industry leaders and key decision-makers in the international Islamic insurance industry engage in critical discussions that will seek to capitalise on new opportunities and chart the future direction of the global Sharia-compliant insurance market.
gulf-daily-news.com
Noor Takaful Social Media http://noorislamicbank.posterous.com
The Ernst and Young World Takaful Report, a ground-breaking initiative designed to not only identify but also to raise the bar of competitive excellence, strategic leadership and performance improvement in the global Islamic insurance industry, now in its fifth edition, will analyse key strategies that leading takaful institutions must deploy to ensure continued growth as the global Islamic insurance industry enters its next phase of market development.
"The takaful industry has witnessed significant internationalisation in the last decade, with the industry rapidly expanding its footprint beyond the traditional high-growth markets of the GCC and Malaysia," said World Takaful Conference chief executive David McLean.
"A number of new jurisdictions have modified their legal and regulatory frameworks and issued new guidelines to support the growing demand for takaful products in their domestic markets.
"Though the overall outlook for the global takaful industry remains positive, it is essential that the mounting challenges posed by increasing competition not only among Takaful operators but also from conventional players entering the takaful market space, declining underwriting profits and investment portfolios need to be immediately tackled so that the industry can maintain its current growth levels and hit the projected $25 billion mark by 2015."
The report will be launched at a special plenary session of WTC 2012. The Report 'Industry Growth and Preparing for Regulatory Change' will be presented by Ernst and Young Islamic financial services leader Ashar Nazim and banking and takaful leader Abid Shakeel.
The conference will see more than 350 industry leaders and key decision-makers in the international Islamic insurance industry engage in critical discussions that will seek to capitalise on new opportunities and chart the future direction of the global Sharia-compliant insurance market.
gulf-daily-news.com
Noor Takaful Social Media http://noorislamicbank.posterous.com
No comments:
Post a Comment