insurance Archives - Page 18 of 19 - International Finance

Oman’s appetite for Islamic finance products is growing

International Finance DeskMarch 31, 2016

by International Finance DeskMarch 31, 2016

Islamic banking assets in the Gulf nation are projected to reach 10% of total banking assets by 2018 Camille Paldi March 31, 2016: In the Oman Vision 2020 framework issued by the government, the country proclaimed that it is determined to reduce its dependency on oil revenues through diversification of the economy. Al Maha Financial...

Banking

Materialising the concept of ‘Insurance for Everyone’

International Finance DeskFebruary 15, 2016

by International Finance DeskFebruary 15, 2016

The insurance penetration in Bangladesh is less than 1%, which shows the current scenario of the market February 15, 2016: The insurance industry in Bangladesh is considered to be an untapped sector. It has one of the lowest insurance penetrations in the world (around 1%). While some choose to be pessimistic about it, insurance experts...

Finance Islamic Banking

The treatment of qard in takaful

International Finance DeskNovember 5, 2015

by International Finance DeskNovember 5, 2015

The operator plays an important role that the management of a conventional mutual does not in the event of a periodic deficit Camille Paldi November 5, 2015: Takaful or Islamic insurance is a booming industry around the world. In fact, many Western insurance companies already engage in the takaful business in the Middle East and...

Economy

Insurance companies staring at $1.5 billion Tianjin bill

International Finance DeskAugust 21, 2015

by International Finance DeskAugust 21, 2015

Two massive explosions in a warehouse in the Chinese port have killed more than a hundred people, left hundreds more injured and devastated large parts of the city Tim Evershed August 21, 2015: Insured losses from the explosions that rocked the Chinese port of Tianjin on August 12 could rise to over $1.5 billion making...

Business Leaders

‘Insurance companies should practice self-regulation’

International Finance DeskFebruary 17, 2015

by International Finance DeskFebruary 17, 2015

Excerpts from an interesting interaction with Nihal Senaratne, chairman of Sri Lanka-based Senaratne Insurance Brokers (Pvt) Ltd. Jaya Smitha Menon February 17,2015: With 61 years of experience, Nihal Senaratne is a doyen of the insurance industry in Sri Lanka. His career and the insurance sector in Sri Lanka began almost at the same time; and...

Finance Islamic Banking

Only if you have a lot of time on your hands

International Finance DeskFebruary 16, 2015

by International Finance DeskFebruary 16, 2015

Book review of ‘Takaful Investment Portfolios: A study of the composition of takaful funds in the GCC and Malaysia’ by Mehmet Asutay Camille Paldi February 16,2015: Takaful Investment Portfolios: A Study of the Composition of Takaful Funds in the GCC and Malaysia provides an explanation and analysis of the investments of takaful funds in the...

Business Leaders

‘Extractive sector can and should benefit human development’

International Finance DeskFebruary 12, 2015

by International Finance DeskFebruary 12, 2015

Speakers at the 2015 Mining Indaba stressed on local content Miriam Mannak February 12, 2105: Natural resources must benefit local communities and human development, not just corporate viability. In order to achieve that, the extractive industry should put a bigger emphasis on local content. That was one of the topics on the agenda at Investing...

Finance Wealth Management

Poste Vita focuses on Postaprevidenza Valore

International Finance DeskFebruary 11, 2015

by International Finance DeskFebruary 11, 2015

Since the launch of the individual pension plan, the company’s goal has been to develop a culture of supplementary pension plans February 11, 2015: Poste Vita, the life insurance company of Gruppo Poste Italiane, has stood out in the Italian scenario thanks to its quick development and growth. Today, Poste Vita is the indisputable leader...

Finance Islamic Banking

Islamic insurance: The next global trend

International Finance DeskJanuary 13, 2015

by International Finance DeskJanuary 13, 2015

Takaful is about risk-pooling while proprietary insurance is concerned with risk transfer Camille Paldi January 13, 2015: Takaful, or Islamic insurance, is a cooperative scheme, where in the participants pay a premium in the form of donation, or tabarru, in a common pool in return for the ability to draw upon that pool upon a...

Islamic Banking

Market for takaful in Europe is looking brighter

International Finance DeskNovember 28, 2014

by International Finance DeskNovember 28, 2014

The parallels with the mutual sector are helping Tim Evershed November 28, 2014: Takaful insurance can have a bright future in Europe due to its parallels with the mutual sector, according to panellists at International Finance Magazine’s EU Islamic Finance and Banking Summit that took place in London on November 18-19. Non-marine mutual insurance can...