Amana Takaful Insurance has reported good growth momentum in the first quarter of 2023, demonstrating resilience and adaptability in the face of challenging market dynamics.
The company achieved growth rates of 54 per cent in the non-motor insurance sector and 25 per cent in the motor sector, surpassing its performance in the previous year, it said in a media release.
Despite the volatile economic conditions and industry-wide disruptions, Amana Takaful Insurance has continued to strengthen its market position and deliver outstanding results, emphasising its commitment to providing superior services and comprehensive insurance solutions.
The growth achieved in the non-motor insurance sector represents a significant milestone for Amana Takaful Insurance, highlighting the trust and confidence that customers place in the company's offerings. By leveraging its deep industry expertise and customer-centric approach, Amana Takaful Insurance has successfully expanded its portfolio and catered to the diverse needs of individuals and businesses.
Shehan Feisal, CEO of Amana Takaful General Insurance, said: "We are delighted to announce our impressive growth rates for the first quarter of 2023, which reflect our team's unwavering dedication and commitment to excellence. Despite the challenges faced by the insurance industry, we have continued to deliver exceptional results and reinforce our position as a market leader."
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