PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: CommuniGate Middle East

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Increased Awareness on Benefits and Advantages of Using Takaful Products and Services - Latest edition of World Takaful Report reveals GCC posted USD 5.68 billion of the total global contributions now worth over USD 8.3 billion - CommuniGateME.com
Increased Awareness on Benefits and Advantages of Using Takaful Products and Services

 

NewswireToday - /newswire/ - Dubai, UAE, United Arab Emirates, 2012/04/17 - Latest edition of World Takaful Report reveals GCC posted USD 5.68 billion of the total global contributions now worth over USD 8.3 billion - CommuniGateME.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Insurance/Risk Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

The increased level of awareness on the significant benefits and advantages of using Takaful products and services has become a major factor in the industry segment’s growth in the Middle East region, according to Hussein Al Meeza, Managing Director and Chief Executive Officer, Dubai Islamic Insurance and Reinsurance Company (AMAN), an Islamic Insurance provider in the UAE, during his keynote address at the opening day of the World Takaful Conference, which is running until today (April 17, 2012) at the Dusit Thani in Dubai. Meeza’s statement complements the recent Ernst and Young World Takaful Report, which shows that global Takaful contributions since 2010 has jumped by 19 per cent in the last two years, reflecting a total value of over USD 8.3 billion.

During his speech, AMAN’s CEO proposed a three point plan of action to help improve the business of local Takaful providers and maintain continuous growth for the Takaful segment. Meeza’s three-point proposal includes the call to continue raising the level of awareness on the immense potential of using Takaful products; tap into newer markets and industry verticals and to invest more into research and development.

“The success encompassed by the Takaful segment can widely be attributed to the strategic management and adoption of today’s economic realities. The recent economic gridlock has given birth to new found consumer and corporate behaviour—demonstrating a need to be well-versed on a product or service before making a purchase or sale decision," said Meeza. "This new consumer challenges the Takaful segment to roll out products and services with more intensity, coupled with more information and value additions. This is a new age for the Takaful market, where we have gone beyond investment income goals and thriving on intense competition. Today, as it should have always been, we give light to the needs and demands of our customers, with better understanding and empathy.”

One of the highlights of the two-day event was the presentation of the latest global report from Ernst and Young. Entitled 'Industry Growth and Preparing for Regulatory Change,' the report reveals that of the USD 8.3 billion worth of global contributions, the GCC region contributed USD 5.68 billion while South East Asia entered over USD 2 billion. The global report has ranked Saudi Arabia as the largest Takaful market, contributing USD 4.3 billion or 51.8 per cent of the industry at an average contribution per operator of USD 141 million. Malaysia grew 24 per cent to reach contributions of USD 1.4 billion at an average contribution per operator of USD 141 million. The UAE is ranked third place with contributions of USD 818 million, growing at 28 per cent.

AMAN is one of the Platinum Sponsors for the seventh edition of the World Takaful Conference. The event has positioned itself as the world's largest annual gathering of Takaful industry leaders. With huge untapped growth potential in the Islamic insurance industry and the increasing interest of the leading conventional insurance players and major banks in the sector, the conference promises to be even more influential in charting the future direction of the industry.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Insurance/Risk Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: CommuniGate Middle East

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Insurance/Risk Management articles,
CATCH Visitors via Your Competitors Announcements!


Increased Awareness on Benefits and Advantages of Using Takaful Products and Services

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: CommuniGateME.com 
+971 4-3988134 info[.]communigate.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any CommuniGate Middle East securities in any jurisdiction including any other companies listed or named in this release.

Insurance/Risk Management via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From CommuniGate Middle East / Company Profile


Read Insurance/Risk Management Most Recent Related Newswires:

SCOR Named 'Life Reinsurer of the Year 2016' by Asia Insurance Review
SCOR is Named 'North American Life Reinsurer of the Year 2016' by Reactions Magazine
Wunelli Evolves Driver Signature to Take Telematics Apps to Next Stage of Growth
LexisNexis Risk Solutions to Provide Mobile Telematics for Nationwide’s SmartRide Program
LexisNexis Risk Solutions Elevates Insurance Customer Experience with New Active Risk Management Solution
LexisNexis Risk Solutions Launches First Contextual Telematics Insurance Model in U.S.
Resolver’s Perspective™ Incident Management Software Now Fully Integrated with Software House C•CURE 9000 Security and Event Management Solution
PPM 2000 Joins Forces with Resolver
LexisNexis Launches LexisNexis Intelligence Exchange in India for Life Insurers
LexisNexis Risk Solutions Announces New Relationship with Ellie Mae
LexisNexis Claims Datafill Accelerator Receives Ready for Guidewire Designation
Norfolk Police Department Adopts LexisNexis Citizen Crime Reporting Solution
Relevant Healthcare Becomes Preferred Vendor for NASHCO
A.M. Best Provides Further Recognition of SCOR’s Financial Strength SCOR Group
Handshake Software Integrates LexisNexis Digital Library with Microsoft SharePoint Portal & Search

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  JobsWare.com

Visit  La Bella Bakery Artisan Bakery Arizona





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)