In our fourth MENA Insights interview Mahomed Akoob, managing director of Hannover Re Takaful, considers the huge potential of the Takaful and Retakaful market in the region, which he thinks could grow at a faster pace than Asia. Islamic finance is driving much of the demand for Shariah compliant insurance coverage to be taken out for major infrastructure projects.
This continues our new series of video interviews with an esteemed panel of experts from the Middle East and North Africa region. The MENA Insights interviews, conducted by Guy Carpenter, offer a snapshot of how re/insurance in MENA is developing and the many opportunities for re/insurers. The series is intended to help set the agenda ahead of the September meeting of the General Arab Insurance Federation (GAIF) in Egypt.