A SOUND AND VIBRANT TAKAFUL INDUSTRY IN ASIA.
Assalamua’laikum.
The needs and demands in the Asian insurance industry have changed significantly in the last five years with the growing prominence of takaful. Initially operating with the smaller but more prevalent personal lines, there are now also large and specialised risks, generally with huge concentrations of sums insured. The current strong demand for greater transparency in business transactions also work for the Shari’ah-compliant takaful operators.
Islamic financial services such as takaful and retakaful are in growing demand, and to this end we have established ACR ReTakaful SEA, with the support of leading investors in Dubai and Malaysia and ACR itself. We are well-positioned to provide Shari’ah-compliant reinsurance services in the Southeast Asian region.
ACR ReTakaful SEA will actively participate in creating a sound and vibrant takaful industry - by making available quality retakaful capacity and solid technical expertise. We look forward to playing a key role in enhancing the technical knowledge of the market, promoting product development and innovation, and ensuring fair and equitable returns for takaful and conventional insurance partners alike.
ZAINAL ABIDIN M NOOR
Chief Executive Officer