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Takaful insurance has witnessed a remarkable rise throughout Southeast Asia in recent times. On a global scale, the takaful insurance market is worth an estimated US$55 billion and is expected to grow by a further 14% between 2022 and 2028.
But, what is takaful insurance? How is it different to traditional insurance products? Is it likely to emerge in the Australian insurance space?
To discuss these questions and more, actuaries and takaful experts Peter Tan (Chief Operating Officer, RGA - Asia) and Aiza Benyamin (Partner, Actuarial Partners Consulting) join Yan Sun (Head of Solutions, Resolution Life) on the Actuaries Institute Podcast.
The views expressed in this article are those of the author(s) or working group named below, and do not necessarily reflect the views of the Actuaries Institute. This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivatives CC BY-NC-ND Version 4.0.
