Research and Markets: Market Attractiveness and Future Prospects of the Sudanese Takaful Insurance Industry

DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/tjhq39/market) has announced the addition of the "Market Attractiveness and Future Prospects of the Sudanese Takaful Insurance Industry" report to their offering.

This report provides detailed analysis of the trends in the Sudanese takaful insurance industry. It uses key performance Indicators such as gross written premium, direct written premium, earned premium, claims, incurred loss, loss ratio, combined ratio, commissions and expenses, and assets during the review period (2009-2013) and forecast period (2013-2018).

The report brings together research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages.

Key Highlights:

- The Sudanese takaful industry's gross written premium increased at a review-period (2009-2013) compound annual growth rate (CAGR) of 23.4%

- Non-life insurance is the largest segment in the overall takaful insurance industry in terms of gross written premium, accounting for 58% of the industry's total share in 2013.

- According to the Sudanese Insurance Supervisory Authority, there are four life insurers and seven non-life insurers which offer takaful products in Sudan.

- The minimum capital requirement for insurers in Sudan is SDG6.0 million (US$1.0 million), which must be met by all insurers in accordance with Sharia standards.

- To make the industry more lucrative, the Sudanese government plans to replace the Sudanese Insurance Law 2001 by the end of 2015 with a more comprehensive new law.

Key Topics Covered:

1 Analysis of Sudanese Takaful Market Dynamics

2 Takaful Life Insurance Trends

2.1 Policies and Premiums

2.2 Claims and Expenses

2.3 Total Assets

2.4 Other Key Performance Indicators

2.5 Non-Linked

3 Takaful Non-Life Insurance Trends

3.1 Policies and Premiums

3.2 Claims and Expenses

3.3 Total Assets

3.4 Other Key Performance Indicators

4 Takaful Non-Life Insurance Categories

4.1 Property Insurance Category Trends

4.2 Takaful Motor Insurance Category Trends

4.3 Takaful Liability Insurance Trends

4.4 Takaful Marine, Aviation and Transit Insurance Category Trends

5 Takaful Personal Accident and Health Insurance Trends

5.1 Premiums - Overview

5.2 Claims and Expenses

5.3 Total Assets

5.4 Other Key Performance Indicators

6 Takaful Reinsurance

6.1 Insurance Ceded to Reinsurers by Life Insurers

6.2 Insurance Ceded to Reinsurers by Non-Life Insurers

6.3 Insurance Ceded to Reinsurers by Personal Accident and Health Insurers

7 Appendix

For more information visit http://www.researchandmarkets.com/research/tjhq39/market

View source version on businesswire.com: http://www.businesswire.com/news/home/20150622006226/en/

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Laura Wood, Senior Manager

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Sector: Insurance

Source: Research and Markets