Takaful Emarat looks overseas
Peter Egger, deputy GM of
has told The Islamic Globe that the Emirati
firm is looking to expand to overseas markets. He said: "Once we reach break-even in our home market, we plan to expand in the Middle East and in a later stage to European countries with significant Muslim communities such as the UK, Germany, France and Austria."
Egger was attending a press conference in Dubai announcing
's launch of a suite of new products to boost its market share in the UAE. "
's three new life saving plans cover education, general savings and wealth management," said Ghassan Marrouche, GM at
. According to Marrouche,
plans to generate AED65m ($17.7m) gross written premiums this year. "In order to serve the needs of high net worth individuals, we developed the 'Wealth Plan' suite, which allows customers to participate in a wide range of Shari'ah compliant funds in addition to
protection," Marrouche explained.
© The Islamic Globe 2011
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