Regulatory frameworks, financial literacy and distribution infrastructure continue to evolve in Africa, creating significant opportunities for future growth of takaful, according to Moody's Ratings.
Mr Hassen Khelifati, CEO of Alliance Assurances, is proposing a new system to encourage Algerians to insure themselves against natural disasters, such as fires, earthquakes or floods.
Sukoon Insurance, one of the UAE's largest insurers, has announced a strategic expansion of its credit insurance business.