Swiss Re has agreed a reinsurance deal with Islamic banking provider KFH Takaful. The contract will see Swiss Re provide reinsurance to the company during 2019, bolstering Al Nusif capacity to absorb risks while boosting its competitiveness and appeal to customers. The takaful system offers an Islamic alternative to insurance, and the market was reportedly worth $20bn in 2017.
Swiss Re has agreed a reinsurance deal with Islamic banking provider KFH Takaful. The contract will see Swiss Re provide reinsurance to the company during 2019, bolstering KFH Takaful’s capacity to absorb risks while boosting its competitiveness and appeal to customers. The takaful system offers an Islamic alternative to insurance, and the market was reportedly worth $20bn in 2017.