Katsipis explained that a Takaful company’s portfolio doesn’t differ much from a conventional insurer’s. “If you look at the average portfolio of a Takaful company, it’s mainly motor followed by medical and the question is, how do they differentiate? They don’t. There is very little differentiation other than the fact they are Shari’ah-compliant,” he said.
“For that reason, most of what these Takaful players are doing is putting pressure on the market, and they have the same impact as a conventional insurer when they enter a market. They will need to offer something new to add value,” he added.
(C.P.I Financial / 06 Feb 2013)
Alfalah Consulting - Kuala Lumpur: www.alfalahconsulting.com
Consultant-Speaker-Motivator: www.ahmad-sanusi-husain.com
Islamic Investment Malaysia: www.islamic-invest-malaysia.com
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