Thursday, July 15, 2010

Takaful maintains momentum in 2010, says S&P

cpifinancial:Standard & Poor's report titled ‘Takaful Insurance Has Long-Term Viability And Benefits From Expected Growth, But Stiff Competition Persists’ sees high expected growth, positive technical results and increasing profitability.

“We consider the potential for sustained growth in this market is significant, buoyed by the still-low insurance penetration and the growing recognition and acceptance of the concept of insurance and its benefits,” said Standard & Poor's credit analyst Neil Gosrani...continue

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