Fitch Ratings has published its planned approach for rating companies that operate according to the Islamic insurance concept Takaful.
The rating agency says it sees “strong potential” for the Takaful industry in the coming years – along with some challenges.
In order to be rated, Fitch says it will be important for these firms to demonstrate that all assets of the company, including shareholder assets, will be available to cover any underwriting and investment losses.
They will also have to
The week on Risk.net, July 7-13, 2018Receive this by email