Takaful Insurance Market : Top players are Abu Dhabi National Takaful Co., Allianz, AMAN Insurance, Islamic Insurance
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Takaful is a form of cooperative insurance that is based on the principles of mutual assistance and solidarity. It is structured in such a way that participants pool their funds together to provide coverage for each other against losses or damages. The funds collected are invested in Shariah-compliant investments, and any profits earned are shared among the participants based on a pre-agreed ratio.
One of the key features of takaful is that it operates on the basis of risk-sharing, which means that each participant shares the risks and rewards of the group. This is in contrast to conventional insurance, where the insured pays a premium to the insurer, and the insurer takes on the risk of the insured event.
Top Impacting Factors
- Market Penetration Among Muslim Majority Countries
- Lower Chances of Financial Loss in Takaful Insurance
Key Benefits for Stakeholders
The study provides in-depth analysis of the takaful insurance market share along with current & future trends to illustrate the imminent investment pockets.
Information about key drivers, restrains, & opportunities and their impact analysis on the takaful insurance market size is provided in the report.
Porter's five forces analysis illustrates the potency of buyers and suppliers operating in the takaful insurance market.
An extensive analysis of the key segments of the industry helps to understand the takaful insurance market trends.
The quantitative analysis of the global takaful insurance market forecast from 2021 to 2030 is provided to determine the market potential.
Key Market Segments
By Distribution Channel
Agents & Brokers
Third Party Liability Coverage
Comprehensive & Optional Coverage
Property & Fire
Medical & Health Takaful
Marine, Aviation & Transport
Rest of Asia
Rest of MEA
Rest of the World
Key Market players :
Abu Dhabi National Takaful Co.
Prudential BSN Takaful Berhad
Qatar Islamic Insurance
SALAMA Islamic Arab Insurance Company
Syarikat Takaful Brunei Darussalam
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