Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: ACCOUNTING STANDARDS :: form 3cd :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARD :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company :: empanelment :: VAT Audit :: list of goods taxed at 4% :: cpt
 
 
« Mergers and Acquisitions »
 Global Microdissection Market - Mergers and Acquisitions Becomes a Key Strategy
 How India's Bankruptcy Law Redo May Spur M&A Heyday
 Top 3 Procurement Mergers and Acquisitions of 2017 (and 2018, So Far)
 What is in store for mergers and acquisitions?
 Mergers and acquisitions a key factor in increasing the number of B.C. employees at top security firms
 Merger & Acquisition deals up 10 pct in 2017, but value declines
 OMA Emirates scouting for acquisitions in India’s fintech space
 India to see healthy M&A activity, says EY
 Digital payments gateway PayU eyes acquisitions to enter lending segment
 Top 5 mergers and acquisitions of 2017 in India
 Deals of the day-Mergers and acquisitions Jan 16, 2018

Takaful firms to see more M&A deals
April, 13th 2010

The crowded Islamic insurance industry, which is expected to surpass $8.8 billion in premiums in 2010, will see more consolidations over the next three years as insurers are struggling to be profitable, a report said.

Ernst & Young said on Monday in its annual global report on the Islamic insurance industry, called takaful, many operators in the industry were startups or small players that were finding it hard to make profits in the tough financial environment.

Many of the small insurers experienced heavy losses in their investment portfolios during the financial crisis on top of substantial expenses to establish themselves in an overcrowded Gulf market.

Mergers and acquisitions in the Gulf would help create financial market leaders for a healthier industry, the report said.

However, Justin Balcombe, director and Middle East insurance leader at Ernst & Young, said that consolidation would not happen suddenly or on such a large scale as the economic crisis in the region had eased somewhat.

"People were expecting recessionary factors to continue for a little longer which might have given distressed values to those assets," Balcombe said on the sidelines of the fifth annual World Takaful Conference, where the Ernst & Young report was released.

"There hasn't been a big bang approach (to consolidations) that people were expecting but there has been some activity," he said.

Balcombe said the industry needed to become more sophisticated, improving underwriting and alleviating pricing pressures.

The report said Saudi Arabia and Malaysia were the top two takaful markets in the world, and United Arab Emirates (UAE) and Indonesia were the fastest-growing markets.

The UAE had a compounded annual growth rate of 135 percent between 2005 and 2008, followed by the young Indonesian market with a 35 percent growth rate for the same period.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Contact Us

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions