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Global demand to drive takaful insurance rates: Moody's

Posted On: Apr. 2, 2019 5:53 AM CST

A report by U.S.-based Moody’s Investors Service Inc. said that global demand for Islamic insurance is likely to drive takaful insurance rates and profitability in the next two to three years, Saudi Gazette reported. Moody’s said that favorable regulations and widening of mandatory insurance products in the Middle East, Southeast Asia and Africa is expected to drive demand.

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