RxPG News XML Feed for RxPG News   Add RxPG News Headlines to My Yahoo!  

Medical Research Health Special Topics World
 
  Home
 
 Careers 
 Dental
 Medical
 Nursing
 
 Latest Research 
 Aging
 Anaethesia
 Biochemistry
 Biotechnology
 Cancer
 Cardiology
 Clinical Trials
 Cytology
 Dental
 Dermatology
 Embryology
 Endocrinology
 ENT
 Environment
 Gastroenterology
 Genetics
 Gynaecology
 Haematology
 Immunology
 Infectious Diseases
 Metabolism
 Microbiology
 Musculoskeletal
 Nephrology
 Neurosciences
 Obstetrics
 Ophthalmology
 Orthopedics
 Paediatrics
 Pathology
 Pharmacology
 Physiology
 Psychiatry
 Public Health
 Radiology
 Rheumatology
 Surgery
 Urology
 Alternative Medicine
 Medicine
 Epidemiology
 Sports Medicine
 Toxicology
 
 Medical News 
 Awards & Prizes
 Epidemics
 Health
 Healthcare
 Launch
 Opinion
 Professionals
 
 Special Topics 
 Ethics
 Euthanasia
 Evolution
 Feature
 Odd Medical News
 Climate
 
 DocIndia 
 Reservation Issue
 Overseas Indian Doctor

Last Updated: May 19, 2007 - 1:28:39 PM
News Report
Gulf & Middle East Channel

subscribe to Gulf & Middle East newsletter
Gulf & Middle East

   EMAIL   |   PRINT
Islamic insurance industry to grow 15 percent annually
Apr 10, 2007 - 2:08:26 PM
Currently the total global conventional insurance premium is worth $1.6 trillion, accounting for 99.3 percent of the total global insurance premium, while takaful represents just 0.7 percent -.

Article options
 Email to a Friend
 Printer friendly version
 Gulf & Middle East channel RSS
 More Gulf & Middle East news
[RxPG] Abu Dhabi, April 10 - The Islamic insurance - industry in the Gulf region is expected to grow 15 percent a year, Gulf News reported Tuesday.

'There is clear evidence of growing demand for insurance in the Gulf Cooperation Council - region ... Takaful premiums should grow at more than 15 percent annually,' said Abdullah Kubursi, regional vice-president of American International Group -.

Kubursi spelled out the forecast at the World Takaful Conference opened in Dubai Monday, citing that the regional economies are booming and the regulatory frameworks are becoming global in nature.

Insurance penetration in the Muslim world is estimated to be less than five percent while Muslims account for more than 25 percent of the total world population, Kubursi said.

Currently the total global conventional insurance premium is worth $1.6 trillion, accounting for 99.3 percent of the total global insurance premium, while takaful represents just 0.7 percent -.

According to AIG's estimates, the GCC region has a potential for a gross premium of more than $20 billion but currently it is below $4.5 billion.





Related Gulf & Middle East News
Britain will continue to support Iraq: Blair
No intention to wipe Israel 'off the map': Larijani
Arab League chief blames Israel for Gaza infighting
Economic meet on Middle East opens in Jordan
Car bomb kills three Iraqi policemen
Israeli double air strike kills five in Gaza
Indian crew deported after serving term for killing sailor
Tailor made insurance for Indians in UAE
Smart card - Ahmadinejad's answer to petrol consumption
Seven Palestinians killed in Israeli airstrikes

Subscribe to Gulf & Middle East Newsletter
E-mail Address:

 Feedback
For any corrections of factual information, to contact the editors or to send any medical news or health news press releases, use feedback form

Top of Page

 
© All rights reserved 2004 onwards by RxPG Medical Solutions Private Limited
Contact Us