Global Takaful Market 2014-2018

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Apr 25, 2014, 07:16 ET

DUBLIN, Apr. 25, 2014 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/42pm8l/global_takaful) has announced the addition of the "Global Takaful Market 2014-2018" report to their offering.

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The analysts forecast the Global Takaful market will grow at a CAGR of 16.39 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increasing market opportunities. The Global Takaful market has also been witnessing the development of new technical expertise. However, low awareness levels could pose a challenge to the growth of this market.

The report, the Global Takaful Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the GCC, the APAC region, and the ROW; it also covers the Global Takaful market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

The increasing importance of Islamic banking brings opportunities for takaful insurers. Geographically, there are not many large takaful operators operating internationally. In fact, there is a growing opportunity for takaful operators to start operations in full swing in geographies such as Europe, the Americas, and Russia. Governments in these geographies are highly recommending the uptake of takaful. Partnerships with banks will present a new and readily available distribution channel, which could open up a gamut of new opportunities for takaful operators to develop Sharia-compliant bancassurance products.

According to the report, the rapid economic growth in emerging countries is one of the major drivers. This rapid economic growth in emerging countries has contributed to an increase in the per capita disposable income, resulting in the purchase of takaful products. Countries such as Indonesia, Turkey, and Malaysia have a large Muslim population who are inclined to purchase products that comply with Sharia principles. In fact, the non-Muslims are also showing an inclination toward buying such products.

Key Topics Covered:

01. Executive Summary

02. List of Abbreviations

03. Scope of the Report

04. Market Research Methodology

05. Introduction

06. Market Landscape

07. Market Segmentation by Product

08. Geographical Segmentation

09. Key Leading Countries

10. Buying Criteria

11. Market Growth Drivers

12. Drivers and their Impact

13. Market Challenges

14. Impact of Drivers and Challenges

15. Market Trends

16. Trends and their Impact

17. Vendor Landscape

18. Key Vendor Analysis

19. Other Reports in this Series

Companies Mentioned: