LONDON - Wednesday, April 3rd 2013 [ME NewsWire]
(BUSINESS WIRE)-- A.M. Best will participate in and exhibit at the 8th Annual World Takaful Conference, to be held 15-16 April in Dubai, UAE. Vasilis Katsipis, General Manager – Market Development, is the Session Chair in a roundtable discussion on "Financial Performance Improvement for Takaful Operators” on 15 April. Mr Katsipis and Peter Hodgins, Partner – Insurance/Islamic Insurance (Takaful) of Clyde & Co, will also speak in a joint session on "Legal and Regulatory Environmental Impact on Ratings of Takaful Companies” on 16 April. Additional attendees representing A.M. Best will be present at the conference.
While the Takaful industry has been developing rapidly in the countries of the Gulf Cooperation Council (GCC), the development of Takaful regulation varies significantly country by country. As a result, the levels of policyholder protection differ from one state to another, which has created opportunities for Takaful operators to pursue regulatory arbitrage. A new special report from A.M. Best maps the provisions for Takaful regulation in the GCC and identifies the implications for policyholder protection and its impact on A.M. Best ratings.
A.M. Best currently rates a number of Takaful companies and has a specific Takaful rating methodology, which can be found at www.ambest.com/ratings/methodology/takafulinsurance.pdf.
To learn more about Best’s Credit Ratings, please visit Best’s Ratings and Criteria Center at www.ambest.com/ratings. Information about the conference is available at www.megaevents.net/takaful/home.html. To arrange a meeting with Mr Katsipis, please e-mail leen.alshurafa@ambest.com.
A.M. Best Europe – Rating Services Limited is a subsidiary of A.M. Best Company, the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.
Copyright © 2013 by A.M. Best Company, Inc. ALL RIGHTS RESERVED.
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Contacts
A.M. Best
Charlotte Jackson, +(44) 20 7626 6264
charlotte.jackson@ambest.com
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