HerLife: Proposed life insurance product for working mothers
The life insurance market for women is large, growing, and underdeveloped. This is particularly true for working mothers who have a need to protect their children from unanticipated financial risks and enhances their ability to pay for long-term insurance products. …
Read More »Takaful as a shield from the risk of losses
The insurance industry in Pakistan contributes almost 0.9 percent of the gross domestic product, of which Takaful industry shares 3 percent of the insurance industry, whereas insurance sector in India contributes 3.8 percent of total GDP and Turkey, where the …
Read More »Takaful industry becoming greater in the world
Shariah-compliant framework likely to be practice in Britain’s transactions next year The global Takaful industry is expected to experience strong growth driven by demand from Islamic countries according to speakers at World Takaful Conference, organized recently. Gulf Cooperation Council (GCC) …
Read More »EFU General – The largest and the oldest company of Pakistan
Today, with over 85 years of winning the customers’ trust, EFU General Insurance Limited is Pakistan’s largest and the oldest general insurer, always ready to go an extra mile to serve better. The Company has been providing the full range …
Read More »Gwadar port and new vistas for insurance sector
By virtue of its strategic location, Gwadar Port has greater scope and tremendous potential to emerge as distribution and logistics hub in the region and since it was highlighted as the future port of global investors with bigger potential, wider …
Read More »Global Takaful insurance market in high gear
According to a report by Dubai Center for Islamic Banking and Finance (DCIBF), the global takaful insurance market would reach US$52.5 billion by 2020. In 2015, it was estimated at $23.2 billion. After the spectacular growth asset growth of Islamic …
Read More »Increased awareness to increase penetration level of insurance industry
From 2001 onwards, the insurance sector saw a consistent improvement in terms of structure and growth. Specifically, higher per capita income, expansion in trade sector, and the growing private sector credit spurred the exceptional growth in the insurance sector. Importantly, …
Read More »Open access and studies into prospective Balochistan insurance industry
The risk perception — risks to life, assets and public and private properties — has been higher and widely prevalent in Balochistan where the incidents of suicide bombings and attacks on public and private properties have witnessed a phenomenal growth …
Read More »Reign of takaful business likely to take stage in next five years
Pak-Qatar products advocating purest form of Islamic financing to transform the social and economic system Interview with Muhammad Nasir Ali Syed – CEO, Pak-Qatar Family Takaful PAGE: Tell me something about yourself and your profession, please: Muhammad Nasir Ali Syed: My …
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