Adapting Successfully in a Changing Industry:
New Takaful Paradigms at WTC 2010

As the leading Takaful operators shift their business strategies from unsustainable investment income, the 5th Annual World Takaful Conference (WTC 2010), the world's largest and most influential gathering for leaders in the global Islamic insurance industry, will again convene international decision-makers in Dubai on the 12th and 13th of April 2010.

Featuring in-depth original research, Ernst & Young's eagerly anticipated 2010 edition of the World Takaful Report will be exclusively released at WTC 2010. This year's Report will feature an extensive re-assessment of last year's findings, with fresh perspectives on new issues shaping the industry given the current market conditions and responses being adopted by the leading players internationally.

The World Takaful Report 2010 is broken down into sections that will address the following key topics:

  • Industry Growth Updates: New products, new players/entrants, consolidation, alliances, business model features, global premiums, and the split between family and general Takaful;
  • Regulations & Governance: Requirements and anticipated changes, Takaful vs. conventional, risk based capital, solvency issues, and corporate governance as a competitive advantage;
  • Business Models: Underwriting income vs. investment income, combined ratios/expenses for Takaful in the GCC and SEA, major cost & profit drivers, and wakalah as a sustainable model;
  • Business Risks: The role of murabaha in risk taking, Cooperative vs. Takaful - customer interpretations, the role of the SSB, responsibility of executives, and the distribution of a deficit & surplus.

Timely & Original Analysis on the Takaful Market:
The Ernst & Young World Takaful Report

The EY World Takaful Report 2010 will provide pointers on how the Islamic insurance industry can catalyse the next phase of growth, providing industry leaders with new insights as they seek to further adapt their business strategies in a challenging economic climate. Now in its 3rd annual edition, the EY World Takaful Report has rapidly established itself as an indispensable resource for insurance industry leaders who are currently seeking to improve competitive performance in the aftermath of the global economic crisis.

WTC 2010 will explore how the leading Takaful players are re-inventing their strategic models and shifting from investment to underwriting income as the key driver of future profitability in the international Takaful markets.