Islamic Insurance Market is set to Fly High Growth in Years to Come | Allianz, Takaful Malaysia, Standard Chartered

The Global Islamic Insurance Market Report assesses developments relevant to the insurance industry and identifies key risks and vulnerabilities for the Islamic Insurance Industry to make stakeholders aware with current and future scenarios. To derive a complete assessment and market estimates a wide list of Insurers and aggregators, and the agency was considered in the coverage; Some of the top players profiled are Allianz, Takaful Malaysia, Islamic Insurance Company, Qatar Islamic Insurance Company, Standard Chartered, Salama, Zurich Malaysia, Prudential BSN Takaful Berhad, JamaPunji, AMAN & Takaful Brunei Darussalam Sdn Bhd.


Next step one should take to boost the topline? Track recent strategic moves and product landscape of Islamic Insurance market.

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Globally, the insurance industry experienced strong premium growth in 2023, at percent, whereas growth in 2024 is noticeably slower, at percent. Total premiums (GWP) are expected to reach … by 2030. Islamic Insurance Companies seeking top growth opportunities in the global insurance markets can explore both the fastest-growing markets and the largest developed markets; the slowing growth rates suggest; however, most carriers would also need to search farther afield. “The growth during this period will be fuelled by the emerging markets in the APAC and Latin American regions”

The report depicts the total market of Islamic Insurance industry; the further market is broken down by application [Family, Government & Business], type [, Life/Family, Takaful (Life Insurance) & General, Takaful (Product Insurance)], and country.

Geographically, the global version of the report covers the following regions and countries:
• North America [United States, Canada, and Mexico]
• Europe [Germany, the UK, France, Italy, Netherlands, Denmark, Belgium, Russia, Spain, Sweden, and the Rest of Europe]
• Asia-Pacific [China, Japan, South Korea, India, Australia, Southeast Asia, and Others]
• South America [Brazil, Argentina, Chile, and the Rest of South America]
• the Middle East and Africa (South Africa, Turkey, Israel, Egypt, GCC Countries, and the Rest of Africa)

Browse Executive Summary and Complete Table of Content @ https://www.htfmarketreport.com/reports/3017621-global-islamic-insurance-market-report-2020-by-key-players-types-applications-countries-market-size-forecast-to-2026

Research Approach & Assumptions:

– HTF MI describes major trends of Global Islamic Insurance Market using final data for 2023 and previous years, as well as quarterly or annual reports for 2023. In general, the Years considered in the study i.e. base year is 2023, Historical data is considered as 2019-2023 and the Forecast time frame is 2024E-2030.

– Various analytical tools were used to assess how the insurance Sector and particularly Islamic Insurance Industry might respond over the next decade to global macroeconomic shifts. Our “ consensus scenario” assumes a recovery of Global GDP growth in the coming years in addition to fluctuating interest rates; the results presented in Islamic Insurance Market report reflect the output of this model.

– While calculating the growth of Islamic Insurance Market, we generally used nominal gross premium figures based on 2023 fixed exchange rates, since this data allowed us to compare local growth rates without the interference of currency fluctuations. The exceptions, which use floating exchange rates, are Argentina, Ukraine, and Venezuela, many African Countries, etc due to high inflation rates.

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Thanks for reading Islamic Insurance Industry research publication; you can also get individual chapter-wise sections or region-wise report versions like USA, China, Southeast Asia, LATAM, APAC, etc.

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