Increased insurance business in the Middle East and North Africa and an escalation in Takaful, or Islamic insurance, have raised rating questions about new companies coming to market, a ratings agency said.

Standard & Poor’s Ratings Services addressed those issues in analyses titled “Takaful: A New Face for Insurance” and “Credit FAQ: Rating Start-Up Insurance And Reinsurance Companies in the Middle East and North Africa.”

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including and

Already have an account?



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including, and
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2023 ALM Global, LLC. All Rights Reserved.