In 2023, the incurred claims ratio of takaful in Malaysia was at 63.2 percent. This was an increase from 60.7 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 2023
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Insurance Services Malaysia. (June 26, 2024). Net claims incurred ratio of takaful in Malaysia from 2014 to 2023 [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1424061/malaysia-takaful-incurred-claims-ratio/
Insurance Services Malaysia. "Net claims incurred ratio of takaful in Malaysia from 2014 to 2023." Chart. June 26, 2024. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1424061/malaysia-takaful-incurred-claims-ratio/
Insurance Services Malaysia. (2024). Net claims incurred ratio of takaful in Malaysia from 2014 to 2023. Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1424061/malaysia-takaful-incurred-claims-ratio/
Insurance Services Malaysia. "Net Claims Incurred Ratio of Takaful in Malaysia from 2014 to 2023." Statista, Statista Inc., 26 Jun 2024, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1424061/malaysia-takaful-incurred-claims-ratio/
Insurance Services Malaysia, Net claims incurred ratio of takaful in Malaysia from 2014 to 2023 Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1424061/malaysia-takaful-incurred-claims-ratio/ (last visited November 10, 2024)
Net claims incurred ratio of takaful in Malaysia from 2014 to 2023 [Graph], Insurance Services Malaysia, June 26, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1424061/malaysia-takaful-incurred-claims-ratio/
