Insurance News
Brief insurance news and digest for the busy executives. A handy insurance news archive with main focus on Malaysia. Disclaimer: While all attempts are made to ensure the accuracy of the news herein, we will not be liable for any loss arising from the use of any information contained in this blog. You may reproduce materials published here provided the source (news.actuaries.com.my) is properly acknowledged.
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Friday, 2 May 2008
UK's First Takaful Operator
Principle Insurance has become the 1st takaful operator in United Kingdom. It received the authorisation by the Financial Services Authority (FSA) recently.
Principle Insurance will provide motor and home general takaful later this year. The motor takaful will be available over the phone. Principle will adopt the wakalah model. UK has a Muslim population of 2 mil.
Principle Insurance was previously known as British Islamic Insurance Holdings (BIIH). Previously, we reported that MNRB is interested in 9.99% share of BIIH. Click here for our earlier report.
Source: Asian News
Labels: MNRB
About Me
- Name: Teh Loo Hai
- Location: Kuala Lumpur, Malaysia
Loo Hai is an actuarial recruiter cum actuarial consultant. He has over 20 years of work experience gained in Malaysia and Australia in the actuarial, insurance, takaful and pension fields.
Previous Posts
- Environmental Risk Insurance
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- News in Brief
- Insurance for Unborn Babies
- Reinsurance in Labuan Grew Strongly
- Manulife Interested in Takaful
- MNRB Retakaful to Breakeven in 3rd Year
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