Takaful Consulting

The growth in demand for Islamic insurance over recent years (particularly within the GCC countries and other areas of the Middle East), has seen a proliferation of new           companies offering Islamic insurance products in these markets. The majority of these firms are full-fledged Takaful operators, but conventional insurance companies have   also   entered the market offering Takaful “window” operations.

Actuarial Consultants has been providing services in the Takaful sector in UAE, Saudi Arabia, Bahrain, Kuwait, Qatar and Pakistan.

We facilitate our clients with the following services for Family, General and Health Takaful :

  • Appointed Actuary
  • Peer Review Actuary
  • Actuarial Valuation
  • Product Development
  • Sales force compensation models for DSF and Bancatakaful
  • Product Pricing
  • Profit Testing
  • Retakaful arrangments
  • Risk Advisory
  • Regulatory filings
  • Review of filings
  • Business Plan for General and Life Takaful
  • Financial Condition Report
  • IBNR Report
  • Embedded Value Calculation for Life Portfolio