Global Islamic Insurance Market Research Report 2022 - Market Size, Current Insights and Development Trends

Takaful refers to a sharia-compliant insurance system through which members mutually contribute a sum of money, so as to support each other in case of a loss, damage or theft. The objective of takaful is to cooperate, live harmoniously amongst the community and protect each other against uncertain mishaps. The policyholders of takaful contributes regularly on monetary basis which are supervised and managed by a takaful management firm. Nonetheless, the surplus amount invested is then employed for making investments which are helpful for earning a higher profit for the policyholders.
The Islamic Insurance market has witnessed a growth from USD XX million to USD XX million from 2017 to 2022. With a CAGR of X.X%, this market is estimated to reach USD XX million in 2029.

The report focuses on the Islamic Insurance market size, segment size (mainly covering product type, application, and geography), competitor landscape, recent status, and development trends. Furthermore, the report provides strategies for companies to overcome threats posed by COVID-19.

Technological innovation and advancement will further optimize the performance of the product, enabling it to acquire a wider range of applications in the downstream market. Moreover, customer preference analysis, market dynamics (drivers, restraints, opportunities), new product release, impact of COVID-19, regional conflicts and carbon neutrality provide crucial information for us to take a deep dive into the Islamic Insurance market.

Major Players in the Islamic Insurance market are:
Takaful Malaysia
Standard Chartered
Takaful Brunei Darussalam Sdn Bhd
AMAN
Zurich Malaysia
Salama
JamaPunji
Prudential BSN Takaful Berhad
Islamic Insurance Company
Qatar Islamic Insurance Company
Allianz

On the basis of types, the Islamic Insurance market is primarily split into:
Life/Family, Takaful (Life Insurance)
General, Takaful (Product Insurance)

On the basis of applications, the market covers:
Family
Government
Business

Major Region

s or countries covered in this report:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others

Years considered for this report:

Historical Years:

2017-2021

Base Year:

2021

Estimated Year:

2022

Forecast Period:

2022-2029

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