Takaful presents unique ALM challenge for insurers in Asia

Moral assurance


Meeting sharia requirements means the role of an insurer in the takaful market is a very different animal from conventional insurance. “We’re not really insurers, we’re operators. We operate the takaful fund on the behalf of the policy holders,” says Bert Paterson, chief executive of Sun Life Financial’s Indonesian operations in Jakarta.

What Paterson refers to here is that the insurer effectively becomes a takaful administrator – arranging unit-linked vehicles, which are typically composed of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: