Amana Takaful Insurance posts 54% growth rate in 1Q -2023

Amana Takaful Insurance achieved 54% growth rates in the first quarter of 2023 in the non-motor insurance sector and 25% in the motor sector, surpassing its performance in the previous year.

Despite the volatile economic conditions and industry-wide disruptions, Amana Takaful Insurance has continued to strengthen its market position and deliver outstanding results, emphasizing its commitment to providing superior services and comprehensive insurance solutions. The 54% 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.

In addition, the 25% growth in the motor sector underscores Amana Takaful Insurance’s ability to adapt to evolving customer requirements while maintaining high-quality service standards. The company’s innovative and customer-friendly motor insurance products have resonated strongly with policyholders, resulting in sustained growth and increased market share. CEO of Amana Takaful General Insurance, Shehan Feisal, expressed his satisfaction with the company’s outstanding performance: “Despite the challenges faced by the insurance industry, we have continued to deliver exceptional results and reinforce our position as a market leader.”