Takaful family business

Takaful family insurance, which accounts for a small proportion of total premiums, has seen an improvement in underwriting performance in recent years, particularly following the Covid-19 crisis. This improvement was supported by the growth in gross premiums in 2022.

Benefit expense to premium ratios vary significantly from country to country, ranging from 81% in Indonesia to 43.4% in Malaysia.

In Kuwait, an improvement in the takaful family benefits ratio has been noted over the past years (73.6% in 2022 against 151.8% in 2019-2021 period).