Incurred claims ratio of takaful in Malaysia 2014 to 2023

Published by
Amanda Siddharta,
Dec 10, 2024

In 2023, the incurred claims ratio of takaful in Malaysia was at 63.2 percent. This was an increase from 60.7 percent of net claims incurred ratio in the previous year. Takaful is an Islamic insurance based on sharia law, and members contribute money into a pool system to insure against loss or damage.

Net claims incurred ratio of takaful in Malaysia from 2014 to 2023

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Release date

June 2024

Region

Malaysia

Survey time period

2014 to 2023

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