KUALA LUMPUR: The Malaysian Takaful Association (MTA) is cautiously optimistic of the takaful industry’s prospects in 2024 despite external factors su.
KUALA LUMPUR: The Malaysian Takaful Association (MTA) targets to double the takaful penetration in Malaysia to 40% from 20% in four years under the Hi.
The takaful industry posted a strong 2022 after seeing penetration rate of the family takaful segment grow to 20.1% last year compared to 18.6% in 2021, based on the number of certificates in-force relative to the Malaysian population.