Sudan Takaful Insurance Sector Prospects Discussed by Timetric in New Research Report Now Available at MarketPublishers.com
01 Jul 2015 • by Natalie Aster
LONDON – The Sudanese takaful industry’s gross written premium (GWP) grew at a CAGR of just under 23.5% during 2009–2013. The non-life insurance segment dominates the overall takaful insurance industry in terms of GWP, capturing 58% of the industry’s overall share as of 2013. According to the country’s Insurance Supervisory Authority (ISA), there are 4 life insurers and 7 non-life insurers that offer takaful products at the domestic level. The minimum capital requirement (MCR) for local insurance companies stands at SDG 6 million (USD 1 million), which must be met by all insurers in the country according to Shariah standards. With a view to making the sector more lucrative, by 2015-end, the national government plans to replace the Sudanese Insurance Law 2001 with a more comprehensive law.
New research report “Market Attractiveness and Future Prospects of the Sudanese Takaful Insurance Industry” prepared by Timetric gives comprehensive insights into Sudan’s takaful insurance industry and each segment within it. It offers a granular, unbiased analysis of the trends in the sector, utilising such key performance indicators as GWP, earned premium, direct written premium, claims, loss ratio, incurred loss, combined ratio, commission fees and expenditures, investments and assets during the historical period 2009–2013 and through to 2018. The report examines the distribution channels operating in the sector, provides unrivalled access to valuable information on the market dynamics and competitive advantages, prevalent trends and key growth opportunities in the overall industry and each of its individual segments.
Market Attractiveness and Future Prospects of the Sudanese Takaful Insurance Industry
Published: June, 2015
Price: US$ 1,950.00
More new market research studies by the publisher can be found at Timetric page.