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2021
Takaful Insurance Market

Takaful Insurance Market By Distribution Channel (Agents & Brokers, Banks, Direct Response and Others), Type (Family Takaful and General Takaful), and Application (Personal and Commercial): Global Opportunity Analysis and Industry Forecast, 2021–2030

A11835
Pages: 287
Jun 2021 | 1013 Views
   
Author(s) : Aarti Goswami, Pramod Borasi , Vineet Kumar
Tables: 175
Charts: 61
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Takaful Insurance Market Outlook - 2030

The global takaful insurance market was valued at $24.85 billion in 2020, and is projected to reach $97.17 billion by 2030, growing at a CAGR of 14.6% from 2021 to 2030. 

Takaful is a type of Islamic insurance wherein members contribute money into a pool system to guarantee each other against loss or damage. Takaful insurance is based on sharia or Islamic religious law, which explains responsibilities of individuals to cooperate with each other and protect one another. Generally, takaful policies cover health, life, and general insurance needs. With having risk-sharing model concept, takaful insurance remains largely confined to the Muslim countries.

Takaful-Insurance-Market-2021-2030

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Takaful insurance is considered as the main form of insurance in Muslim majority countries. Hence, it is considered an important factor in boosting the market growth. Moreover, in takaful insurance, the investment profits are distributed among the participants and furthermore, premium amount collected from the members is returned, in case there are no claims. Thus, these are some of the major factors that propel the takaful insurance market growth. However, lack of standardization in takaful insurance due to regional differences and lower consumer awareness toward takaful insurance are some of the factors that limit the market growth. Furthermore, since a large number of world’s population is Muslim, there is an untapped market potential for the takaful insurance market. This, as a result is expected to create huge opportunities in the in the upcoming years. 

Takaful Insurance Market
By Distribution Channel

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Agents & Brokers Segment holds a dominant position throughout the forecast period.

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By distribution channel, the takaful insurance market was led by the agents & broker segment in 2020, and is projected to maintain its dominance during the forecast period. With an increase in demand for customized and personalized takaful insurance coverage’s, independent brokers and agents are utilizing several websites and online selling platforms, which has become a major trend in the market. However, the direct response segment is also expected to grow significantly during the forecast period, owing to growing preferences of customers towards directly purchasing of takaful insurance and growing number of benefit of direct sales which include relatively low cost of the product and others.

Region-wise, the market was dominated by GCC in 2020, and is expected to retain its position during the forecast period. The growth is attributed to improvement in the awareness about the benefits of takaful insurance is driven by the latest political and catastrophic events. Moreover, demographics influences such as the increasing population base, large workforce of foreigners, and increasing life expectancy are likely to have an optimistic influence on the demand of takaful insurance products in GCC. However, Asia is expected to witness significant growth during the forecast period, owing to rising digitization in various Asian countries and adoption of advance technology by the takaful insurance service provider to increase their sales and upsurge their market value is propelling the growth of the market in this region.

Takaful Insurance Market
By Type

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Family Takaful segment will grow at a highest CAGR of 16.3% during 2021 - 2030

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The report focuses on growth prospects, restraints, and trends of the takaful insurance market analysis. The study provides Porter’s five forces analysis to understand the impact of various factors, such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers, on the takaful insurance industry.

Segment Overview

The takaful insurance market is segmented on the basis of distribution channel, type, application, and region. By distribution channel, it is segmented into agents & brokers, banks, direct response and others. By type, it is segregated into family takaful and general takaful. Based on application, the market is divided into personal and commercial. By region, it is analyzed across GCC, Asia, MEA and rest of the World. 

Competitive Analysis   

The report analyzes the profiles of key players operating in the takaful insurance market such as Abu Dhabi National Takaful Co., Allianz, AMAN Insurance, Islamic Insurance, Prudential BSN Takaful Berhad, Qatar Islamic Insurance, SALAMA Islamic Arab Insurance Company, Syarikat Takaful Brunei Darussalam, Takaful International, and Zurich Malaysia. These players have adopted various strategies to increase their market penetration and strengthen their position in the takaful insurance industry.   

COVID-19 Impact Analysis

The unprecedented COVID-19 outbreak has moderately affected the takaful insurance market. As the pandemic caused huge financial losses to individuals globally, it has severely affected the collections made by the takaful insurance participants. Moreover, due to limited funds availability during the pandemic, the members could not afford to donate large amounts for the takaful insurance. However, surge in awareness among consumers regarding the importance of takaful insurance has accelerated the demand for health takaful insurance, family takaful, business protection policies, and others. Therefore, the takaful insurance has been moderately affected by the COVID-19 pandemic situation.

Takaful Insurance Market
By Application

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Commercial is projected as one of the most lucrative segments.

  

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Top Impacting Factors

Market Penetration Among Muslim Majority Countries

Muslim majority countries such as the UAE, Saudi Arabia, Oman, Malaysia, and others, consider takaful insurance to be an ethical way of insurance according to the Islamic law. These countries have a higher penetration of takaful insurance as compared to the conventional insurance, as conventional insurance is considered unethical according to the Islamic law. Therefore, it is easier for the market players to increase penetration among the Muslim majority market. Furthermore, government initiatives toward takaful insurance are helping the market to flourish in countries such as Saudi Arabia, Malaysia, and UAE. Thus, these factors are propelling the growth of the takaful insurance market.   

Lower Chances of Financial Loss in Takaful Insurance  

According to the Islamic law, the premium collected should be pooled and used at times when the members face any kind of emergency such as medical issues, business losses, and others. Therefore, in case any such claim arises, the insured gets the required amount to cover the risk. In addition, in case no such claim is made, then the surplus amount is distributed among the members, unlike conventional insurance. Therefore, chances of financial loss are reduced drastically. These factors attract many new members to make donations in the takaful insurance. As a result, this is a major factor boosting the growth of takaful insurance market.

Takaful Insurance Market
By Region

2030
Gcc 
Asia
Mea
Rest Of The World

Asia-Pacific would exhibit the highest CAGR of 17.5% during 2021-2030.

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Key Benefits for Stakeholders 

  •  The study provides in-depth analysis of the takaful insurance market share along with current & future trends to illustrate the imminent investment pockets.
  •  Information about key drivers, restrains, & opportunities and their impact analysis on the takaful insurance market size is provided in the report.
  •  Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the takaful insurance market.
  •  An extensive analysis of the key segments of the industry helps to understand the takaful insurance market trends.
  •  The quantitative analysis of the global takaful insurance market forecast from 2021 to 2030 is provided to determine the market potential.  

Key Market Segments

By Distribution Channel

  •  Agents & Brokers
  •  Banks
  •  Direct Response
  •  Others

By Type

  •  Family Takaful
  •  General Takaful
    •  Motor Takaful
      •  Personal
        •  Third Party Liability Coverage
        •  Comprehensive & Optional Coverage
      •  Commercial
    •  Property & Fire
    •  Medical & Health Takaful
    •  Marine, Aviation & Transport
    •  Others

By Application

  •  Personal 
  •  Commercial  

By Region

  •  GCC
    •  Saudi Arabia
    •  UAE
    •  Bahrain
    •  Kuwait
    •  Qatar
    •  Oman 
  •  Asia
    •  Malaysia
    •  Pakistan
    •  Indonesia
    •  Brunei
    •  Rest of Asia
  •  MEA
    •  Iran
    •  Jordan
    •  Sudan
    •  Egypt
    •  Nigeria
    •  Rest of MEA 
  •  Rest of the World 

Key Market players

  •  Abu Dhabi National Takaful Co.
  •  Allianz
  •  AMAN Insurance
  •  Islamic Insurance
  •  Prudential BSN Takaful Berhad
  •  Qatar Islamic Insurance
  • SALAMA Islamic Arab Insurance Company
  • Syarikat Takaful Brunei Darussalam
  • Takaful International
  • Zurich Malaysia   
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Secondary research
1.4.2.Primary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings

2.1.1.Top impacting factors
2.1.2.Top investment pockets

2.2.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key forces shaping global takaful insurance market
3.3.Takaful insurance model
3.4.Impact of government regulations on the global takaful insurance market
3.5.Market dynamics

3.5.1.Drivers

3.5.1.1.Growth in demand of takaful insurance across Muslim majority countries
3.5.1.2.Distribution of Investment profits among both participants
3.5.1.3.Numerous benefits such as premium amount refund driving the growth

3.5.2.Restraints

3.5.2.1.Lack of standardization in takaful insurance due to regional differences
3.5.2.2.Lower consumer awareness

3.5.3.Opportunity

3.5.3.1.Untapped market potential for takaful insurance

3.6.COVID-19 impact analysis on takaful insurance market

3.6.1.Impact on takaful insurance market size
3.6.2.Change in consumer trends, preferences, and budget impact, owing to COVID-19
3.6.3.Framework for market challenges faced by takaful insurance providers
3.6.4.Economic impact on takaful insurance providers
3.6.5.Key player strategies to tackle negative impact on the industry
3.6.6.Opportunity analysis for takaful insurance providers

CHAPTER 4:TAKAFUL INSURANCE MARKET, BY DISTRIBUTION CHANNEL

4.1.Overview
4.2.Agents & brokers

4.2.1.Market size and forecast, by region
4.2.2.Market size and forecast, by region
4.2.3.Market analysis, by country

4.3.Banks

4.3.1.Market size and forecast, by region
4.3.2.Market size and forecast, by region
4.3.3.Market analysis, by country

4.4.Direct response

4.4.1.Market size and forecast, by region
4.4.2.Market size and forecast, by region
4.4.3.Market analysis, by country

4.5.Others

4.5.1.Market size and forecast, by region
4.5.2.Market size and forecast, by region
4.5.3.Market analysis, by country

CHAPTER 5:TAKAFUL INSURANCE MARKET, BY TYPE

5.1.Overview
5.2.Family takaful

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market analysis, by country

5.3.General Insurance

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market analysis, by country
5.3.4.General Takaful Insurance Market, by type

5.3.4.1.Motor

5.3.4.1.1.Market size and forecast, by region
5.3.4.1.2.Market analysis, by country
5.3.4.1.3.Motor Takaful Insurance Market, by Vehicle Type

5.3.4.1.3.1.Personal
5.3.4.1.3.2.Market size and forecast, by region
5.3.4.1.3.3.Market analysis, by country
5.3.4.1.3.4.Commercial
5.3.4.1.3.5.Market size and forecast, by region
5.3.4.1.3.6.Market analysis, by country
5.3.4.1.3.7.Personal Motor Takaful Insurance Market, by vehicle type
5.3.4.1.3.8.Third Party Liability Coverage
5.3.4.1.3.9.Market size and forecast, by region
5.3.4.1.3.10.Market analysis, by country
5.3.4.1.3.11.Comprehensive & Other Optional Coverage
5.3.4.1.3.12.Market size and forecast, by region
5.3.4.1.3.13.Market analysis, by country

5.3.4.2.Property & Fire

5.3.4.2.1.Market size and forecast, by region
5.3.4.2.2.Market analysis, by country

5.3.4.3.Medical & Health

5.3.4.3.1.Market size and forecast, by region
5.3.4.3.2.Market analysis, by country

5.3.4.4.MAT

5.3.4.4.1.Market size and forecast, by region
5.3.4.4.2.Market analysis, by country

5.3.4.5.Others

5.3.4.5.1.Market size and forecast, by region
5.3.4.5.2.Market analysis, by country

CHAPTER 6:TAKAFUL INSURANCE MARKET, BY APPLICATION

6.1.Overview
6.2.Personal

6.2.1.Market size and forecast, by region
6.2.2.Market size and forecast, by region
6.2.3.Market analysis, by country

6.3.Commercial

6.3.1.Market size and forecast, by region
6.3.2.Market size and forecast, by region
6.3.3.Market analysis, by country

CHAPTER 7:TAKAFUL INSURANCE MARKET, BY REGION

7.1.Overview

7.1.1.Market size and forecast

7.2.GCC

7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by distribution channel
7.2.3.Market size and forecast, by type
7.2.4.Market size and forecast, by general takaful insurance type
7.2.5.Market size and forecast, by motor takaful insurance vehicle type
7.2.6.Market size and forecast, by personal motor takaful insurance coverage type
7.2.7.Market size and forecast, by application
7.2.8.Market analysis, by country

7.2.8.1.Saudi Arabia

7.2.8.1.1.Market size and forecast, by distribution channel
7.2.8.1.2.Market size and forecast, by type
7.2.8.1.3.Market size and forecast, by general takaful insurance type
7.2.8.1.4.Market size and forecast, by motor takaful insurance vehicle type
7.2.8.1.5.Market size and forecast, by personal motor takaful insurance coverage type
7.2.8.1.6.Market size and forecast, by application

7.2.8.2.UAE

7.2.8.2.1.Market size and forecast, by distribution channel
7.2.8.2.2.Market size and forecast, by type
7.2.8.2.3.Market size and forecast, by general takaful insurance type
7.2.8.2.4.Market size and forecast, by motor takaful insurance vehicle type
7.2.8.2.5.Market size and forecast, by personal motor takaful insurance coverage type
7.2.8.2.6.Market size and forecast, by application

7.2.8.3.Bahrain

7.2.8.3.1.Market size and forecast, by distribution channel
7.2.8.3.2.Market size and forecast, by type
7.2.8.3.3.Market size and forecast, by general takaful insurance type
7.2.8.3.4.Market size and forecast, by motor takaful insurance vehicle type
7.2.8.3.5.Market size and forecast, by personal motor takaful insurance coverage type
7.2.8.3.6.Market size and forecast, by application

7.2.8.4.Kuwait

7.2.8.4.1.Market size and forecast, by distribution channel
7.2.8.4.2.Market size and forecast, by type
7.2.8.4.3.Market size and forecast, by general takaful insurance type
7.2.8.4.4.Market size and forecast, by motor takaful insurance vehicle type
7.2.8.4.5.Market size and forecast, by personal motor takaful insurance coverage type
7.2.8.4.6.Market size and forecast, by application

7.2.8.5.Qatar

7.2.8.5.1.Market size and forecast, by distribution channel
7.2.8.5.2.Market size and forecast, by type
7.2.8.5.3.Market size and forecast, by general takaful insurance type
7.2.8.5.4.Market size and forecast, by motor takaful insurance vehicle type
7.2.8.5.5.Market size and forecast, by personal motor takaful insurance coverage type
7.2.8.5.6.Market size and forecast, by application

7.2.8.6.Oman

7.2.8.6.1.Market size and forecast, by distribution channel
7.2.8.6.2.Market size and forecast, by type
7.2.8.6.3.Market size and forecast, by general takaful insurance type
7.2.8.6.4.Market size and forecast, by motor takaful insurance vehicle type
7.2.8.6.5.Market size and forecast, by personal motor takaful insurance coverage type
7.2.8.6.6.Market size and forecast, by application

7.3.Asia

7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by distribution channel
7.3.3.Market size and forecast, by type
7.3.4.Market size and forecast, by general takaful insurance type
7.3.5.Market size and forecast, by motor takaful insurance vehicle type
7.3.6.Market size and forecast, by personal motor takaful insurance coverage type
7.3.7.Market size and forecast, by application
7.3.8.Market analysis, by country

7.3.8.1.Malaysia

7.3.8.1.1.Market size and forecast, by distribution channel
7.3.8.1.2.Market size and forecast, by type
7.3.8.1.3.Market size and forecast, by general takaful insurance type
7.3.8.1.4.Market size and forecast, by motor takaful insurance vehicle type
7.3.8.1.5.Market size and forecast, by personal motor takaful insurance coverage type
7.3.8.1.6.Market size and forecast, by application

7.3.8.2.Pakistan

7.3.8.2.1.Market size and forecast, by distribution channel
7.3.8.2.2.Market size and forecast, by type
7.3.8.2.3.Market size and forecast, by general takaful insurance type
7.3.8.2.4.Market size and forecast, by motor takaful insurance vehicle type
7.3.8.2.5.Market size and forecast, by personal motor takaful insurance coverage type
7.3.8.2.6.Market size and forecast, by application

7.3.8.3.Indonesia

7.3.8.3.1.Market size and forecast, by distribution channel
7.3.8.3.2.Market size and forecast, by type
7.3.8.3.3.Market size and forecast, by general takaful insurance type
7.3.8.3.4.Market size and forecast, by motor takaful insurance vehicle type
7.3.8.3.5.Market size and forecast, by personal motor takaful insurance coverage type
7.3.8.3.6.Market size and forecast, by application

7.3.8.4.Brunei

7.3.8.4.1.Market size and forecast, by distribution channel
7.3.8.4.2.Market size and forecast, by type
7.3.8.4.3.Market size and forecast, by general takaful insurance type
7.3.8.4.4.Market size and forecast, by motor takaful insurance vehicle type
7.3.8.4.5.Market size and forecast, by personal motor takaful insurance coverage type
7.3.8.4.6.Market size and forecast, by application

7.3.8.5.Rest of Asia

7.3.8.5.1.Market size and forecast, by distribution channel
7.3.8.5.2.Market size and forecast, by type
7.3.8.5.3.Market size and forecast, by general takaful insurance type
7.3.8.5.4.Market size and forecast, by motor takaful insurance vehicle type
7.3.8.5.5.Market size and forecast, by personal motor takaful insurance coverage type
7.3.8.5.6.Market size and forecast, by application

7.4.MEA

7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast, by distribution channel
7.4.3.Market size and forecast, by type
7.4.4.Market size and forecast, by general takaful insurance type
7.4.5.Market size and forecast, by motor takaful insurance vehicle type
7.4.6.Market size and forecast, by personal motor takaful insurance coverage type
7.4.7.Market size and forecast, by application
7.4.8.Market analysis, by country

7.4.8.1.Iran

7.4.8.1.1.Market size and forecast, by distribution channel
7.4.8.1.2.Market size and forecast, by type
7.4.8.1.3.Market size and forecast, by general takaful insurance type
7.4.8.1.4.Market size and forecast, by motor takaful insurance vehicle type
7.4.8.1.5.Market size and forecast, by personal motor takaful insurance coverage type
7.4.8.1.6.Market size and forecast, by application

7.4.8.2.Jordan

7.4.8.2.1.Market size and forecast, by distribution channel
7.4.8.2.2.Market size and forecast, by type
7.4.8.2.3.Market size and forecast, by general takaful insurance type
7.4.8.2.4.Market size and forecast, by motor takaful insurance vehicle type
7.4.8.2.5.Market size and forecast, by personal motor takaful insurance coverage type
7.4.8.2.6.Market size and forecast, by application

7.4.8.3.Sudan

7.4.8.3.1.Market size and forecast, by distribution channel
7.4.8.3.2.Market size and forecast, by type
7.4.8.3.3.Market size and forecast, by general takaful insurance type
7.4.8.3.4.Market size and forecast, by motor takaful insurance vehicle type
7.4.8.3.5.Market size and forecast, by personal motor takaful insurance coverage type
7.4.8.3.6.Market size and forecast, by application

7.4.8.4.Egypt

7.4.8.4.1.Market size and forecast, by distribution channel
7.4.8.4.2.Market size and forecast, by type
7.4.8.4.3.Market size and forecast, by general takaful insurance type
7.4.8.4.4.Market size and forecast, by motor takaful insurance vehicle type
7.4.8.4.5.Market size and forecast, by personal motor takaful insurance coverage type
7.4.8.4.6.Market size and forecast, by application

7.4.8.5.Nigeria

7.4.8.5.1.Market size and forecast, by distribution channel
7.4.8.5.2.Market size and forecast, by type
7.4.8.5.3.Market size and forecast, by general takaful insurance type
7.4.8.5.4.Market size and forecast, by motor takaful insurance vehicle type
7.4.8.5.5.Market size and forecast, by personal motor takaful insurance coverage type
7.4.8.5.6.Market size and forecast, by application

7.4.8.6.Rest of MEA

7.4.8.6.1.Market size and forecast, by distribution channel
7.4.8.6.2.Market size and forecast, by type
7.4.8.6.3.Market size and forecast, by general takaful insurance type
7.4.8.6.4.Market size and forecast, by motor takaful insurance vehicle type
7.4.8.6.5.Market size and forecast, by personal motor takaful insurance coverage type
7.4.8.6.6.Market size and forecast, by application

7.5.Rest of the World

7.5.1.Key market trends, growth factors, and opportunities
7.5.2.Market size and forecast, by distribution channel
7.5.3.Market size and forecast, by type
7.5.4.Market size and forecast, by general takaful insurance type
7.5.5.Market size and forecast, by motor takaful insurance vehicle type
7.5.6.Market size and forecast, by personal motor takaful insurance coverage type
7.5.7.Market size and forecast, by application

CHAPTER 8:COMPANY PROFILES

8.1.ABU DHABI NATIONAL TAKAFUL CO.

8.1.1.Company overview
8.1.2.Company snapshot
8.1.3.Product portfolio
8.1.4.Operating business segments
8.1.5.Business performance

8.2.ALLIANZ

8.2.1.Company overview
8.2.2.Company snapshot
8.2.3.Product portfolio
8.2.4.Operating business segments
8.2.5.Business performance

8.3.AMAN INSURANCE

8.3.1.Company overview
8.3.2.Company snapshot
8.3.3.Product portfolio
8.3.4.Business performance

8.4.ISLAMIC INSURANCE

8.4.1.Company overview
8.4.2.Company snapshot
8.4.3.Product portfolio

8.5.PRUDENTIAL BSN TAKAFUL BERHAD

8.5.1.Company overview
8.5.2.Company snapshot
8.5.3.Product portfolio

8.6.QATAR ISLAMIC INSURANCE

8.6.1.Company overview
8.6.2.Company snapshot
8.6.3.Product portfolio
8.6.4.Business performance

8.7.SALAMA ISLAMIC ARAB INSURANCE COMPANY

8.7.1.Company overview
8.7.2.Company snapshot
8.7.3.Product portfolio
8.7.4.Business performance

8.8.SYARIKAT TAKAFUL BRUNEI DARUSSALAM

8.8.1.Company overview
8.8.2.Company snapshot
8.8.3.Product portfolio
8.8.4.Key strategic moves and developments

8.9.TAKAFUL INTERNATIONAL

8.9.1.Company overview
8.9.2.Company snapshot
8.9.3.Product portfolio
8.9.4.Business performance

8.10.ZURICH MALAYSIA

8.10.1.Company overview
8.10.2.Company snapshot
8.10.3.Product portfolio
8.10.4.Business performance

LIST OF TABLES

TABLE 01.GLOBAL TAKAFUL INSURANCE MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2020-2030 ($MILLION)
TABLE 02.TAKAFUL INSURANCE MARKET FOR AGENTS & BROKERS, BY REGION, 2020-2030 ($MILLION)
TABLE 03.TAKAFUL INSURANCE MARKET FOR BANKS, BY REGION, 2020-2030 ($MILLION)
TABLE 04.TAKAFUL INSURANCE MARKET FOR DIRECT RESPONSE, BY REGION, 2020-2030 ($MILLION)
TABLE 05.TAKAFUL INSURANCE MARKET FOR OTHERS, BY REGION, 2020-2030 ($MILLION)
TABLE 06.GLOBAL TAKAFUL INSURANCE MARKET, BY INSURANCE TYPE, 2020-2030 ($MILLION)
TABLE 07.TAKAFUL INSURANCE MARKET FOR FAMILY INSURANCE, BY REGION, 2020-2030 ($MILLION)
TABLE 08.TAKAFUL INSURANCE MARKET FOR GENERAL INSURANCE, BY REGION, 2020-2030 ($MILLION)
TABLE 09.TAKAFUL INSURANCE MARKET REVENUE, BY GENERAL TAKAFUL TYPE, 2020-2030 ($MILLION)
TABLE 10.TAKAFUL INSURANCE MARKET REVENUE FOR MOTOR, BY REGION, 2020–2030 ($MILLION)
TABLE 11.MOTOR TAKAFUL INSURANCE MARKET REVENUE, BY VEHICLE TYPE, 2020-2030 ($MILLION)
TABLE 12.MOTOR TAKAFUL INSURANCE MARKET REVENUE FOR PERSONAL, BY REGION, 2020–2030 ($MILLION)
TABLE 13.MOTOR TAKAFUL INSURANCE MARKET REVENUE FOR COMMERCIAL, BY REGION, 2020–2030 ($MILLION)
TABLE 14.PERSONAL MOTOR TAKAFUL INSURANCE MARKET REVENUE, BY VEHICLE TYPE, 2020-2030 ($MILLION)
TABLE 15.PERSONAL MOTOR TAKAFUL INSURANCE MARKET REVENUE FOR THIRD PARTY LIABILITY COVERAGE, BY REGION, 2020–2030 ($MILLION)
TABLE 16.PERSONAL MOTOR TAKAFUL INSURANCE MARKET REVENUE FOR COMPREHENSIVE & OTHER OPTIONAL COVERAGE, BY REGION, 2020–2030 ($MILLION)
TABLE 17.TAKAFUL INSURANCE MARKET REVENUE FOR PROPERTY & FIRE, BY REGION, 2020–2030 ($MILLION)
TABLE 18.TAKAFUL INSURANCE MARKET REVENUE FOR MEDICAL & HEALTH, BY REGION, 2020–2030 ($MILLION)
TABLE 19.TAKAFUL INSURANCE MARKET REVENUE FOR MAT, BY REGION, 2020–2030 ($MILLION)
TABLE 20.TAKAFUL INSURANCE MARKET REVENUE FOR OTHERS ,BY REGION, 2020–2030 ($MILLION)
TABLE 21.GLOBAL TAKAFUL INSURANCE MARKET REVENUE, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 22.TAKAFUL INSURANCE MARKET FOR PERSONAL, BY REGION, 2020-2030 ($MILLION)
TABLE 23.TAKAFUL INSURANCE MARKET FOR COMMERCIAL, BY REGION, 2020-2030 ($MILLION)
TABLE 24.TAKAFUL INSURANCE MARKET, BY REGION, 2020-2030 ($MILLION)
TABLE 25.GCC TAKAFUL INSURANCE MARKET FOR GENERAL INSURANCE, BY CHANNEL, 2020-2030 ($MILLION)
TABLE 26.GCC TAKAFUL INSURANCE MARKET REVENUE, BY TYPE, 2020–2030 ($MILLION)
TABLE 27.GCC TAKAFUL INSURANCE MARKET REVENUE, BY GENERAL TAKAFUL INSURANCE TYPE, 2020–2030 ($MILLION)
TABLE 28.GCC TAKAFUL INSURANCE MARKET REVENUE, BY MOTOR TAKAFUL INSURANCE VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 29.GCC TAKAFUL INSURANCE MARKET REVENUE, BY PERSONAL MOTOR TAKAFUL INSURANCE COVERAGE TYPE, 2020–2030 ($MILLION)
TABLE 30.GCC TAKAFUL INSURANCE MARKET REVENUE, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 31.GCC TAKAFUL INSURANCE MARKET REVENUE, BY COUNTRY, 2020–2030 ($MILLION)
TABLE 32.SAUDI ARABIA TAKAFUL INSURANCE MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 33.SAUDI ARABIA TAKAFUL INSURANCE MARKET REVENUE, BY TYPE, 2020–2030 ($MILLION)
TABLE 34.SAUDI ARABIA TAKAFUL INSURANCE MARKET REVENUE, BY GENERAL TAKAFUL INSURANCE TYPE, 2020–2030 ($MILLION)
TABLE 35.SAUDI ARABIA TAKAFUL INSURANCE MARKET REVENUE, BY MOTOR TAKAFUL INSURANCE VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 36.SAUDI ARABIA TAKAFUL INSURANCE MARKET REVENUE, BY PERSONAL MOTOR TAKAFUL INSURANCE COVERAGE TYPE, 2020–2030 ($MILLION)
TABLE 37.SAUDI ARABIA TAKAFUL INSURANCE MARKET REVENUE, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 38.UAE TAKAFUL INSURANCE MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 39.UAE TAKAFUL INSURANCE MARKET REVENUE, BY TYPE, 2020–2030 ($MILLION)
TABLE 40.UAE TAKAFUL INSURANCE MARKET REVENUE, BY GENERAL TAKAFUL INSURANCE TYPE, 2020–2030 ($MILLION)
TABLE 41.UAE TAKAFUL INSURANCE MARKET REVENUE, BY MOTOR TAKAFUL INSURANCE VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 42.UAE TAKAFUL INSURANCE MARKET REVENUE, BY PERSONAL MOTOR TAKAFUL INSURANCE COVERAGE TYPE, 2020–2030 ($MILLION)
TABLE 43.UAE TAKAFUL INSURANCE MARKET REVENUE, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 44.BAHRAIN TAKAFUL INSURANCE MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 45.BAHRAIN TAKAFUL INSURANCE MARKET REVENUE, BY TYPE, 2020–2030 ($MILLION)
TABLE 46.BAHRAIN TAKAFUL INSURANCE MARKET REVENUE, BY GENERAL TAKAFUL INSURANCE TYPE, 2020–2030 ($MILLION)
TABLE 47.BAHRAIN TAKAFUL INSURANCE MARKET REVENUE, BY MOTOR TAKAFUL INSURANCE VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 48.BAHRAIN TAKAFUL INSURANCE MARKET REVENUE, BY PERSONAL MOTOR TAKAFUL INSURANCE COVERAGE TYPE, 2020–2030 ($MILLION)
TABLE 49.BAHRAIN TAKAFUL INSURANCE MARKET REVENUE, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 50.KUWAIT TAKAFUL INSURANCE MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 51.KUWAIT TAKAFUL INSURANCE MARKET REVENUE, BY TYPE, 2020–2030 ($MILLION)
TABLE 52.KUWAIT TAKAFUL INSURANCE MARKET REVENUE, BY GENERAL TAKAFUL INSURANCE TYPE, 2020–2030 ($MILLION)
TABLE 53.KUWAIT TAKAFUL INSURANCE MARKET REVENUE, BY MOTOR TAKAFUL INSURANCE VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 54.KUWAIT TAKAFUL INSURANCE MARKET REVENUE, BY PERSONAL MOTOR TAKAFUL INSURANCE COVERAGE TYPE, 2020–2030 ($MILLION)
TABLE 55.KUWAIT TAKAFUL INSURANCE MARKET REVENUE, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 56.QATAR TAKAFUL INSURANCE MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 57.QATAR TAKAFUL INSURANCE MARKET REVENUE, BY TYPE, 2020–2030 ($MILLION)
TABLE 58.QATAR TAKAFUL INSURANCE MARKET REVENUE, BY GENERAL TAKAFUL INSURANCE TYPE, 2020–2030 ($MILLION)
TABLE 59.QATAR TAKAFUL INSURANCE MARKET REVENUE, BY MOTOR TAKAFUL INSURANCE VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 60.QATAR TAKAFUL INSURANCE MARKET REVENUE, BY PERSONAL MOTOR TAKAFUL INSURANCE COVERAGE TYPE, 2020–2030 ($MILLION)
TABLE 61.QATAR TAKAFUL INSURANCE MARKET REVENUE, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 62.OMAN TAKAFUL INSURANCE MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 63.OMAN TAKAFUL INSURANCE MARKET REVENUE, BY TYPE, 2020–2030 ($MILLION)
TABLE 64.OMAN TAKAFUL INSURANCE MARKET REVENUE, BY GENERAL TAKAFUL INSURANCE TYPE, 2020–2030 ($MILLION)
TABLE 65.OMAN TAKAFUL INSURANCE MARKET REVENUE, BY MOTOR TAKAFUL INSURANCE VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 66.OMAN TAKAFUL INSURANCE MARKET REVENUE, BY PERSONAL MOTOR TAKAFUL INSURANCE COVERAGE TYPE, 2020–2030 ($MILLION)
TABLE 67.OMAN TAKAFUL INSURANCE MARKET REVENUE, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 68.ASIA TAKAFUL INSURANCE MARKET FOR GENERAL INSURANCE, BY DISTRIBUTION CHANNEL, 2020-2030 ($MILLION)
TABLE 69.ASIA TAKAFUL INSURANCE MARKET REVENUE, BY TYPE, 2020–2030 ($MILLION)
TABLE 70.ASIA TAKAFUL INSURANCE MARKET REVENUE, BY GENERAL TAKAFUL INSURANCE TYPE, 2020–2030 ($MILLION)
TABLE 71.ASIA TAKAFUL INSURANCE MARKET REVENUE, BY MOTOR TAKAFUL INSURANCE VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 72.ASIA TAKAFUL INSURANCE MARKET REVENUE, BY PERSONAL MOTOR TAKAFUL INSURANCE COVERAGE TYPE, 2020–2030 ($MILLION)
TABLE 73.ASIA TAKAFUL INSURANCE MARKET REVENUE, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 74.ASIA TAKAFUL INSURANCE MARKET REVENUE, BY COUNTRY, 2020–2030 ($MILLION)
TABLE 75.MALAYSIA TAKAFUL INSURANCE MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 76.MALAYSIA TAKAFUL INSURANCE MARKET REVENUE, BY TYPE, 2020–2030 ($MILLION)
TABLE 77.MALAYSIA TAKAFUL INSURANCE MARKET REVENUE, BY GENERAL TAKAFUL INSURANCE TYPE, 2020–2030 ($MILLION)
TABLE 78.MALAYSIA TAKAFUL INSURANCE MARKET REVENUE, BY MOTOR TAKAFUL INSURANCE VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 79.MALAYSIA TAKAFUL INSURANCE MARKET REVENUE, BY PERSONAL MOTOR TAKAFUL INSURANCE COVERAGE TYPE, 2020–2030 ($MILLION)
TABLE 80.MALAYSIA TAKAFUL INSURANCE MARKET REVENUE, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 81.PAKISTAN TAKAFUL INSURANCE MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 82.PAKISTAN TAKAFUL INSURANCE MARKET REVENUE, BY TYPE, 2020–2030 ($MILLION)
TABLE 83.PAKISTAN TAKAFUL INSURANCE MARKET REVENUE, BY GENERAL TAKAFUL INSURANCE TYPE, 2020–2030 ($MILLION)
TABLE 84.PAKISTAN TAKAFUL INSURANCE MARKET REVENUE, BY MOTOR TAKAFUL INSURANCE VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 85.PAKISTAN TAKAFUL INSURANCE MARKET REVENUE, BY PERSONAL MOTOR TAKAFUL INSURANCE COVERAGE TYPE, 2020–2030 ($MILLION)
TABLE 86.PAKISTAN TAKAFUL INSURANCE MARKET REVENUE, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 87.INDONESIA TAKAFUL INSURANCE MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 88.INDONESIA TAKAFUL INSURANCE MARKET REVENUE, BY TYPE, 2020–2030 ($MILLION)
TABLE 89.INDONESIA TAKAFUL INSURANCE MARKET REVENUE, BY GENERAL TAKAFUL INSURANCE TYPE, 2020–2030 ($MILLION)
TABLE 90.INDONESIA TAKAFUL INSURANCE MARKET REVENUE, BY MOTOR TAKAFUL INSURANCE VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 91.INDONESIA TAKAFUL INSURANCE MARKET REVENUE, BY PERSONAL MOTOR TAKAFUL INSURANCE COVERAGE TYPE, 2020–2030 ($MILLION)
TABLE 92.INDONESIA TAKAFUL INSURANCE MARKET REVENUE, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 93.BRUNEI TAKAFUL INSURANCE MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 94.BRUNEI TAKAFUL INSURANCE MARKET REVENUE, BY TYPE, 2020–2030 ($MILLION)
TABLE 95.BRUNIE TAKAFUL INSURANCE MARKET REVENUE, BY GENERAL TAKAFUL INSURANCE TYPE, 2020–2030 ($MILLION)
TABLE 96.BRUNIE TAKAFUL INSURANCE MARKET REVENUE, BY MOTOR TAKAFUL INSURANCE VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 97.BRUNIE TAKAFUL INSURANCE MARKET REVENUE, BY PERSONAL MOTOR TAKAFUL INSURANCE COVERAGE TYPE, 2020–2030 ($MILLION)
TABLE 98.BRUNEI TAKAFUL INSURANCE MARKET REVENUE, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 99.REST OF ASIA TAKAFUL INSURANCE MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 100.REST OF ASIA TAKAFUL INSURANCE MARKET REVENUE, BY TYPE, 2020–2030 ($MILLION)
TABLE 101.REST OF ASIA TAKAFUL INSURANCE MARKET REVENUE, BY GENERAL TAKAFUL INSURANCE TYPE, 2020–2030 ($MILLION)
TABLE 102.REST OF ASIA TAKAFUL INSURANCE MARKET REVENUE, BY MOTOR TAKAFUL INSURANCE VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 103.REST OF ASIA TAKAFUL INSURANCE MARKET REVENUE, BY PERSONAL MOTOR TAKAFUL INSURANCE COVERAGE TYPE, 2020–2030 ($MILLION)
TABLE 104.REST OF ASIA TAKAFUL INSURANCE MARKET REVENUE, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 105.MEA TAKAFUL INSURANCE MARKET FOR GENERAL INSURANCE, BY DISTRIBUTION CHANNEL, 2020-2030 ($MILLION)
TABLE 106.MEA TAKAFUL INSURANCE MARKET REVENUE, BY TYPE, 2020–2030 ($MILLION)
TABLE 107.MEA TAKAFUL INSURANCE MARKET REVENUE, BY GENERAL TAKAFUL INSURANCE TYPE, 2020–2030 ($MILLION)
TABLE 108.MEA TAKAFUL INSURANCE MARKET REVENUE, BY MOTOR TAKAFUL INSURANCE VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 109.MEA TAKAFUL INSURANCE MARKET, BY PERSONAL MOTOR INSURANCE COVERAGE, 2020–2030 ($MILLION)
TABLE 110.MEA TAKAFUL INSURANCE MARKET REVENUE, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 111.MEA TAKAFUL INSURANCE MARKET REVENUE, BY COUNTRY, 2020–2030 ($MILLION)
TABLE 112.IRAN TAKAFUL INSURANCE MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 113.IRAN TAKAFUL INSURANCE MARKET REVENUE, BY TYPE, 2020–2030 ($MILLION)
TABLE 114.IRAN TAKAFUL INSURANCE MARKET REVENUE, BY GENERAL TAKAFUL INSURANCE TYPE, 2020–2030 ($MILLION)
TABLE 115.IRAN TAKAFUL INSURANCE MARKET REVENUE, BY MOTOR TAKAFUL INSURANCE VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 116.IRAN TAKAFUL INSURANCE MARKET REVENUE, BY PERSONAL MOTOR TAKAFUL INSURANCE COVERAGE TYPE, 2020–2030 ($MILLION)
TABLE 117.IRAN TAKAFUL INSURANCE MARKET REVENUE, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 118.JORDAN TAKAFUL INSURANCE MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 119.JORDAN TAKAFUL INSURANCE MARKET REVENUE, BY TYPE, 2020–2030 ($MILLION)
TABLE 120.JORDAN TAKAFUL INSURANCE MARKET REVENUE, BY GENERAL TAKAFUL INSURANCE TYPE, 2020–2030 ($MILLION)
TABLE 121.JORDAN TAKAFUL INSURANCE MARKET REVENUE, BY MOTOR TAKAFUL INSURANCE VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 122.JORDAN TAKAFUL INSURANCE MARKET REVENUE, BY PERSONAL MOTOR TAKAFUL INSURANCE COVERAGE TYPE, 2020–2030 ($MILLION)
TABLE 123.JORDAN TAKAFUL INSURANCE MARKET REVENUE, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 124.SUDAN TAKAFUL INSURANCE MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 125.SUDAN TAKAFUL INSURANCE MARKET REVENUE, BY TYPE, 2020–2030 ($MILLION)
TABLE 126.SUDAN TAKAFUL INSURANCE MARKET REVENUE, BY GENERAL TAKAFUL INSURANCE TYPE, 2020–2030 ($MILLION)
TABLE 127.SUDAN TAKAFUL INSURANCE MARKET REVENUE, BY MOTOR TAKAFUL INSURANCE VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 128.SUDAN TAKAFUL INSURANCE MARKET REVENUE, BY PERSONAL MOTOR TAKAFUL INSURANCE COVERAGE TYPE, 2020–2030 ($MILLION)
TABLE 129.SUDAN TAKAFUL INSURANCE MARKET REVENUE, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 130.EGYPT TAKAFUL INSURANCE MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 131.EGYPT TAKAFUL INSURANCE MARKET REVENUE, BY TYPE, 2020–2030 ($MILLION)
TABLE 132.EGYPT TAKAFUL INSURANCE MARKET REVENUE, BY GENERAL TAKAFUL INSURANCE TYPE, 2020–2030 ($MILLION)
TABLE 133.EGYPT TAKAFUL INSURANCE MARKET REVENUE, BY MOTOR TAKAFUL INSURANCE VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 134.EGYPT TAKAFUL INSURANCE MARKET REVENUE, BY PERSONAL MOTOR TAKAFUL INSURANCE COVERAGE TYPE, 2020–2030 ($MILLION)
TABLE 135.EGYPT TAKAFUL INSURANCE MARKET REVENUE, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 136.NIGERIA TAKAFUL INSURANCE MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 137.NIGERIA TAKAFUL INSURANCE MARKET REVENUE, BY TYPE, 2020–2030 ($MILLION)
TABLE 138.NIGERIA TAKAFUL INSURANCE MARKET REVENUE, BY GENERAL TAKAFUL INSURANCE TYPE, 2020–2030 ($MILLION)
TABLE 139.NIGERIA TAKAFUL INSURANCE MARKET REVENUE, BY MOTOR TAKAFUL INSURANCE VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 140.NIGERIA TAKAFUL INSURANCE MARKET REVENUE, BY PERSONAL MOTOR TAKAFUL INSURANCE COVERAGE TYPE, 2020–2030 ($MILLION)
TABLE 141.NIGERIA TAKAFUL INSURANCE MARKET REVENUE, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 142.REST OF MEA TAKAFUL INSURANCE MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 143.REST OF MEA TAKAFUL INSURANCE MARKET REVENUE, BY TYPE, 2020–2030 ($MILLION)
TABLE 144.REST OF MEA TAKAFUL INSURANCE MARKET REVENUE, BY GENERAL TAKAFUL INSURANCE TYPE, 2020–2030 ($MILLION)
TABLE 145.REST OF MEA TAKAFUL INSURANCE MARKET REVENUE, BY MOTOR TAKAFUL INSURANCE VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 146.REST OF MEA TAKAFUL INSURANCE MARKET REVENUE, BY PERSONAL MOTOR TAKAFUL INSURANCE COVERAGE TYPE, 2020–2030 ($MILLION)
TABLE 147.REST OF MEA TAKAFUL INSURANCE MARKET REVENUE, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 148.REST OF THE WORLD TAKAFUL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2020-2030 ($MILLION)
TABLE 149.REST OF THE WORLD TAKAFUL INSURANCE MARKET REVENUE, BY TYPE, 2020–2030 ($MILLION)
TABLE 150.REST OF THE WORLD TAKAFUL INSURANCE MARKET REVENUE, BY GENERAL TAKAFUL INSURANCE TYPE, 2020–2030 ($MILLION)
TABLE 151.REST OF THE WORLD TAKAFUL INSURANCE MARKET REVENUE, BY MOTOR TAKAFUL INSURANCE VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 152.REST OF THE WORLD TAKAFUL INSURANCE MARKET REVENUE, BY PERSONAL MOTOR TAKAFUL INSURANCE COVERAGE TYPE, 2020–2030 ($MILLION)
TABLE 153.REST OF THE WORLD TAKAFUL INSURANCE MARKET REVENUE, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 154.ABU DHABI NATIONAL TAKAFUL CO.: COMPANY SNAPSHOT
TABLE 155.ABU DHABI NATIONAL TAKAFUL CO.: PRODUCT PORTFOLIO
TABLE 156.ABU DHABI NATIONAL TAKAFUL CO.: OPERATING SEGMENTS
TABLE 157.ALLIANZ: COMPANY SNAPSHOT
TABLE 158.ALLIANZ: PRODUCT PORTFOLIO
TABLE 159.ALLIANZ: OPERATING SEGMENTS
TABLE 160.AMAN INSURANCE: COMPANY SNAPSHOT
TABLE 161.AMAN INSURANCE: PRODUCT PORTFOLIO
TABLE 162.ISLAMIC INSURANCE: COMPANY SNAPSHOT
TABLE 163.ISLAMIC INSURANCE: PRODUCT PORTFOLIO
TABLE 164.PRUDENTIAL BSN TAKAFUL BERHAD: COMPANY SNAPSHOT
TABLE 165.PRUDENTIAL BSN TAKAFUL BERHAD: PRODUCT PORTFOLIO
TABLE 166.QATAR ISLAMIC INSURANCE: COMPANY SNAPSHOT
TABLE 167.QATAR ISLAMIC INSURANCE: PRODUCT PORTFOLIO
TABLE 168.SALAMA ISLAMIC ARAB INSURANCE COMPANY: COMPANY SNAPSHOT
TABLE 169.SALAMA ISLAMIC ARAB INSURANCE COMPANY: PRODUCT PORTFOLIO
TABLE 170.SYARIKAT TAKAFUL BRUNEI DARUSSALAM: COMPANY SNAPSHOT
TABLE 171.SYARIKAT TAKAFUL BRUNEI DARUSSALAM: PRODUCT PORTFOLIO
TABLE 172.TAKAFUL INTERNATIONAL: COMPANY SNAPSHOT
TABLE 173.TAKAFUL INTERNATIONAL: PRODUCT PORTFOLIO
TABLE 174.ZURICH MALAYSIA: COMPANY SNAPSHOT
TABLE 175.ZURICH MALAYSIA: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.GLOBAL TAKAFUL INSURANCE MARKET, 2020–2030
FIGURE 03.GLOBAL TAKAFUL INSURANCE MARKET, BY REGION, 2020–2030
FIGURE 04.TAKAFUL INSURANCE MARKET: TOP IMPACTING FACTOR
FIGURE 05.TOP INVESTMENT POCKETS
FIGURE 06.MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 07.MODERATE-TO-HIGH BARGAINING POWER OF BUYER
FIGURE 08.HIGH THREAT OF SUBSTITUTES
FIGURE 09.MODERATE-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 10.MODERATE COMPETITIVE RIVALRY
FIGURE 11.TAKAFUL INSURANCE MODEL
FIGURE 12.IMPACT OF GOVERNMENT REGULATIONS ON TAKAFUL INSURANCE MARKET
FIGURE 13.GLOBAL TAKAFUL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2020-2030
FIGURE 14.COMPARATIVE ANALYSIS OF TAKAFUL INSURANCE MARKET FOR AGENTS & BROKERS, 2020 & 2030 (%)
FIGURE 15.COMPARATIVE ANALYSIS OF TAKAFUL INSURANCE MARKET FOR BANKS, 2020 & 2030 (%)
FIGURE 16.COMPARATIVE COUNTRY ANALYSIS OF TAKAFUL INSURANCE MARKET FOR DIRECT RESPONSE, 2020 & 2030 (%)
FIGURE 17.COMPARATIVE ANALYSIS OF TAKAFUL INSURANCE MARKET FOR OTHERS, 2020 & 2030 (%)
FIGURE 18.GLOBAL TAKAFUL INSURANCE MARKET, BY TYPE, 2020-2030
FIGURE 19.COMPARATIVE COUNTRY ANALYSIS OF TAKAFUL INSURANCE MARKET FOR FAMILY INSURANCE,  2020 & 2030 (%)
FIGURE 20.COMPARATIVE COUNTRY ANALYSIS OF TAKAFUL INSURANCE MARKET FOR GENERAL INSURANCE,  2020 & 2030 (%)
FIGURE 21.TAKAFUL INSURANCE MARKET, BY GENERAL TAKAFUL TYPE, 2020-2030
FIGURE 22.COMPARATIVE SHARE ANALYSIS OF TAKAFUL INSURANCE MARKET FOR MOTOR, BY COUNTRY, 2020 & 2030(%)
FIGURE 23.MOTOR TAKAFUL INSURANCE MARKET, BY VEHICLE TYPE, 2020-2030
FIGURE 24.COMPARATIVE SHARE ANALYSIS OF MOTOR TAKAFUL INSURANCE MARKET FOR PERSONAL, BY COUNTRY, 2020 & 2030(%)
FIGURE 25.COMPARATIVE SHARE ANALYSIS OF MOTOR TAKAFUL INSURANCE MARKET FOR COMMERCIAL, BY COUNTRY, 2020 & 2030(%)
FIGURE 26.PERSONAL MOTOR TAKAFUL INSURANCE MARKET, BY VEHICLE TYPE, 2020-2030
FIGURE 27.COMPARATIVE SHARE ANALYSIS OF PERSONAL MOTOR TAKAFUL INSURANCE MARKET FOR THIRD PARTY LIABILITY COVERAGE, BY COUNTRY, 2020 & 2030(%)
FIGURE 28.COMPARATIVE SHARE ANALYSIS OF PERSONAL MOTOR TAKAFUL INSURANCE MARKET COMPREHENSIVE & OTHER OPTIONAL COVERAGE, BY COUNTRY, 2020 & 2030(%)
FIGURE 29.COMPARATIVE SHARE ANALYSIS OF TAKAFUL INSURANCE MARKET FOR PROPERTY & FIRE, BY COUNTRY, 2020 & 2030(%)
FIGURE 30.COMPARATIVE SHARE ANALYSIS OF TAKAFUL INSURANCE MARKET FOR MEDICAL & HEALTH, BY COUNTRY, 2020 & 2030(%)
FIGURE 31.COMPARATIVE SHARE ANALYSIS OF TAKAFUL INSURANCE MARKET FOR MAT, BY COUNTRY, 2020 & 2030(%)
FIGURE 32.COMPARATIVE SHARE ANALYSIS OF TAKAFUL INSURANCE MARKET FOR OTHERS, BY COUNTRY, 2020 & 2030(%)
FIGURE 33.GLOBAL TAKAFUL INSURANCE MARKET, BY APPLICATION, 2020-2030
FIGURE 34.COMPARATIVE COUNTRY ANALYSIS OF TAKAFUL INSURANCE MARKET FOR PERSONAL, 2020 & 2030 (%)
FIGURE 35.COMPARATIVE COUNTRY ANALYSIS OF TAKAFUL INSURANCE MARKET FOR COMMERCIAL, 2020 & 2030 (%)
FIGURE 36.SAUDI ARABIA TAKAFUL INSURANCE MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 37.UAE TAKAFUL INSURANCE MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 38.BAHRAIN TAKAFUL INSURANCE MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 39.KUWAIT TAKAFUL INSURANCE MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 40.QATAR TAKAFUL INSURANCE MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 41.OMAN TAKAFUL INSURANCE MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 42.MALAYSIA TAKAFUL INSURANCE MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 43.PAKISTAN TAKAFUL INSURANCE MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 44.INDONESIA TAKAFUL INSURANCE MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 45.BRUNEI TAKAFUL INSURANCE MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 46.REST OF ASIA TAKAFUL INSURANCE MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 47.IRAN TAKAFUL INSURANCE MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 48.JORDAN TAKAFUL INSURANCE MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 49.SUDAN TAKAFUL INSURANCE MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 50.EGYPT TAKAFUL INSURANCE MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 51.NIGERIA TAKAFUL INSURANCE MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 52.REST OF MEA TAKAFUL INSURANCE MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 53.ABU DHABI NATIONAL TAKAFUL CO.: NET SALES, 2018–2020 ($MILLION)
FIGURE 54.ABU DHABI NATIONAL TAKAFUL CO.: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 55.ALLIANZ: NET SALES, 2018–2020 ($MILLION)
FIGURE 56.ALLIANZ: REVENUE SHARE BY REVENUE (2020)
FIGURE 57.AMAN INSURANCE: NET SALES, 2018–2020 ($MILLION)
FIGURE 58.QATAR ISLAMIC INSURANCE: NET REVENUE, 2018–2020 ($MILLION)
FIGURE 59.SALAMA ISLAMIC ARAB INSURANCE COMPANY: REVENUE, 2018–2020 ($MILLION)
FIGURE 60.TAKAFUL INTERNATIONAL: NET PROFIT, 2018–2020 ($MILLION)
FIGURE 61.ZURICH MALAYSIA: NET REVENUE, 2018–2020 ($MILLION)

 
 

Takaful insurers have to tackle a number of negative impacts such as lack of standardization, scarcity of human resources, real earnings management, corporate governance, technical efficiency, and lower penetration rate. The key players are adopting technology such as artificial intelligence, block chain,  and advanced analytics, to ensure a better quality of service to the customers. Moreover, companies are improving claims management, which allows clients to monitor the process of insurance in real-time, avoiding elements of uncertainty and lack of transparency. These are becoming major trends in the market. Furthermore, conventional insurance penetration is comparatively low in Muslim majority countries such as Qatar, Kuwait and the UAE. Hence, takaful insurance is seen as a major insurance option for life and general insurance policies.

The takaful insurance market is fragmented with the presence of large number of regional vendors such as Allianz, AMAN Insurance, and Zurich Malaysia. GCC dominated the takaful insurance market, in terms of revenue in 2020, and is expected to maintain its dominance during the forecast period. Availability of large number of Muslim population and preference of takaful insurance over conventional insurance accelerates the market growth in GCC. However, Asia is expected to experience significant growth in the future, owing to increase in awareness toward takaful insurance among Muslim as well as non-Muslim population in developing countries, such as India and Malaysia, which fuels the demand for takaful insurance. This serves as an emerging opportunity for the market in the coming years. Some of the key players profiled in the report include Abu Dhabi National Takaful Co., Islamic Insurance, Prudential BSN Takaful Berhad, Qatar Islamic Insurance, SALAMA Islamic Arab Insurance Company, Syarikat Takaful Brunei Darussalam, and Takaful International. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

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A. The Takaful Insurance Market is estimated to grow at a CAGR of 14.6% from 2021 to 2030.

A. The Takaful Insurance Market is projected to reach $97.17 billion by 2030.

A. To get the latest version of sample report

A. Factors such as lack of standardization in takaful insurance due to regional differences and lower consumer awareness toward takaful insurance market.

A. The key players profiled in the report include Abu Dhabi National Takaful Co., Allianz, AMAN Insurance, Islamic Insurance, Prudential BSN Takaful Berhad, Qatar Islamic Insurance, SALAMA Islamic Arab Insurance Company, Syarikat Takaful Brunei Darussalam, Takaful International, Zurich Malaysia and many more.

A. On the basis of top growing big corporations, we select top 10 players.

A. The Takaful Insurance Market is segmented on the basis of distribution channel, type, application, and region.

A. The key growth strategies of Takaful Insurance market players include product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations.

A. Agents & Brokers Segment holds a dominant position throughout the forecast period.

A. Family Takaful segment will grow at a highest CAGR of 16.3% during 2021 - 2030

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