Yemisi Izuora/Hyacinth Chinwuba
The UK insurance operators are capitalising on the growing Takaful insurance market to lead in the marketing of the Islamic insurance, said experts at an IUA briefing on Islamic insurance held at Lloyd’s.
The UK government wants London to become the western hub for Islamic finance, particularly commercial insurance, said Susan Dingwall, head of Islamic insurance and partner at Norton Rose Fulbright.
The government’s focus on commercial lines of insurance is big break from the past, said Dingwall when he spoke at a briefing hosted by the International Underwriting Association (IUA) in London last week.