In 2022, the incurred claims ratio of takaful in Malaysia was at 60.7 percent. This was an increase from 51.3 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 2022
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Incurred claims ratio
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Insurance Services Malaysia. (June 1, 2023). Net claims incurred ratio of takaful in Malaysia from 2014 to 2022 [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1424061/malaysia-takaful-incurred-claims-ratio/
Insurance Services Malaysia. "Net claims incurred ratio of takaful in Malaysia from 2014 to 2022." Chart. June 1, 2023. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1424061/malaysia-takaful-incurred-claims-ratio/
Insurance Services Malaysia. (2023). Net claims incurred ratio of takaful in Malaysia from 2014 to 2022. Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1424061/malaysia-takaful-incurred-claims-ratio/
Insurance Services Malaysia. "Net Claims Incurred Ratio of Takaful in Malaysia from 2014 to 2022." Statista, Statista Inc., 1 Jun 2023, https://www.statista.com/statistics/1424061/malaysia-takaful-incurred-claims-ratio/
Insurance Services Malaysia, Net claims incurred ratio of takaful in Malaysia from 2014 to 2022 Statista, https://www.statista.com/statistics/1424061/malaysia-takaful-incurred-claims-ratio/ (last visited August 25, 2024)
Net claims incurred ratio of takaful in Malaysia from 2014 to 2022 [Graph], Insurance Services Malaysia, June 1, 2023. [Online]. Available: https://www.statista.com/statistics/1424061/malaysia-takaful-incurred-claims-ratio/