The French mutual group MGEN (Mutuelle Generale de l'Education Nationale or National Education General Mutual), one of France's largest mutual health insurer, has received approval from the CBIRC to establish a representative office in Beijing.
What will happen in the event of a winding up of a takaful operator (TO)? Here's the ruling of the Shariah Advisory Council (SAC) of Bank Negara Malaysia (BNM) at its 186th Meeting with immediate effect.
It is about time that the Malaysian takaful industry reinvent its approach to promoting takaful for it to remain sustainable, said Malaysian Takaful Association chairman Muhammad Fikri Mohamad Rawi during his keynote address at the Takaful Rendezvous yesterday.
The takaful industry in Malaysia has been "very stagnant for the last five years," said Malaysian Takaful Association chairman Muhammad Fikri Mohamad Rawi and so "the mode of delivery requires serious consideration".
The Tunisian government has sold its share of the capital of Islamic insurance company Zitouna Takaful (70%) and Zitouna Bank (69.15%).
Insurance industry players are preparing for the introduction of new regulations on Islamic insurance in Kenya by the end of the year.
The Securities and Exchange Commission of Pakistan (SECP) has authorised the Pakistan Reinsurance Company Limited (PRCL) to conduct retakaful window operations.
The Takaful Rendezvous 2018, organised by Asia Insurance Review, will be held on 9-10 October in Kuala Lumpur, Malaysia.
The specialist run-off acquirer and manager AXA Liabilities Managers (AXA LM) just announced it has on 10 September 2018 finalised the acquisition of a majority stake in Emirates Re, once the largest independent international Islamic reinsurer.
Islamic insurer Tamkeen Insurance has officially opened its headquarters in the city of Ramallah. It will launch its services at the end of the month.