Global Takaful Market to 2019 - Rapid Economic Growth in Emerging Countries Is a Key Market Driver

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Oct 14, 2015, 03:10 ET

DUBLIN, Oct. 14, 2015 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/vrhtc3/global_takaful) has announced the addition of the "Global Takaful Market - Market Research 2015-2019" report to their offering.

Most of the mature and developing takaful markets are experiencing dearth of technical expertise in product innovation and sales. Potential markets such as the GCC and APAC have low insurance penetration, providing growth opportunities to insurance companies. They are striving to obtain technical expertise to innovate takaful products that meet the needs of their clients.

According to the report, Low market penetration of takaful products in emerging markets has created huge opportunities for insurance market players. Market expansion strategies are crucial to enhance the takaful business.

Further, the report states that the low market penetration for Shariah insurance products in most of the emerging markets is attributed to several factors. The majority of the population in these markets is still in the low-income bracket and the awareness level about takaful products and their benefits are inadequate.

The report covers the current scenario and the growth prospects of the global takaful market for the period of 2015-2019. The two major products in the global takaful market include:

life/family takaful
General takaful

To calculate the market size, the report considers the total value of takaful considerations or funds collected by policyholders toward life/family takaful and general takaful.

Key vendors

Dubai Islamic Bank
Kuwait Finance House
Malayan Banking Berhad

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market research methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by product

PART 07: Geographical segmentation

PART 08: Key leading countries

PART 09: Market drivers

PART 10: Impact of drivers

PART 11: Market challenges

PART 12: Impact of drivers and challenges

PART 13: Market trends

PART 14: Vendor landscape

PART 15: Key vendor analysis