Azman added that by having the widest distribution network with 4,500 agents, 31 branches throughout Malaysia, a wide Bancassurance distribution network with more than 401 Maybank branches and third party banks, Etiqa believes in and supports the role of a powerful agency force in ensuring an exciting future for Family Takaful.
Family Takaful contributions enjoyed a compound annual growth rate of 32% in the period from 2007 and 2011 with Malaysia dominating both at the regional and global level.
The contributions from Malaysia make up around 56% of the total global Family Takaful contributions.
The event, held under the support of Etiqa Takaful Berhad, highlighted the importance of empowering agents to be the driving force of Family Takaful growth.
Etiqa’s Family Takaful premium amounts to 37% of Etiqa’s total market share.
Global family Takaful market is expected to grow over 160% in the next five years to hit USD 5bil.
The 4th Annual World Takaful Conference: Family Takaful Summit is held for two days until 20th June 2013.
Videos You May Like
Leave a Reply
Latest on Amilin TV
Islamic Economy News
- WIEF to generate greater awareness of Islamic economy
- Chiba to be gateway for Malaysian Halal products into Japan
- Taiwan’s Halal System
- Halal certification: a gateway to export markets
- Middle East funding record number of airplane deliveries
- UAE planning national halal certification scheme