Ghassan Marrouche, general manager at UAE-headquartered Takaful Emarat, a Shariah compliant life and health insurance company, will be a panellist at the forthcoming eighth Middle East Insurance Forum which is set to take place on the February 7 and 8 at the Gulf Hotel in Bahrain.
“Significant growth has been forecast for the Takaful industry in 2012. The Takaful market makes up just one percent of the global insurance market– so it is evident that opportunities abound. However, Takaful operators need to ensure that they have strong foundations in place to sustain financial performance,” said Marrouche.
“It is encouraging to see Takaful on the agenda of the region’s largest and most influential annual gathering of international and regional insurance leaders. This highlights the growing importance of Takaful sector.”
“The Takaful industry like any other growing industry is facing challenges like increasing competition, the need for skilled professionals, a regulatory and prudential framework and Shariah compliant investment opportunities which need to be addressed in such prestigious forums. We look forward to sharing our experience and gaining knowledge from other industry professionals to establish a solid foundation for the growth of the Takaful industry,” he added.