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Tuesday, 2 June 2009
Securitisation of takaful contributions
STMB has suggested the possibility of securitisation of takaful contributions. It cautioned that the idea is subject to thorough study including consideration of syariah issues.It is not clear how the following issues are to be addressed for the securitisation to work:
- Takaful participants are not contractually liable to pay future contributions. This is unlike securitisation of say car loans where the instalments are contractual.
- Investors of such securitised instrument also take on the mortality risk. Since they are not insurance company, are they in a way undertaking insurance activities without an insurance licence?
Source: The Star
Labels: Takaful, Takaful Malaysia
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.
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