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Insurance Business | 09 Jul 2014, 09:01 AM Agree 0
A type of insurance that has never been provided for in Australia but gains significant traction in the UK and across the world could present a new growth opportunity for brokers if they seize the opportunity.
  • Chaaban Omran | 09 Jul 2014, 10:29 PM Agree 0
    I think all Australians will like this type of product. Its encompasses profit sharing and rebates if no claims are made.

    Crescent Professional Services
  • Agreed | 15 Jul 2014, 02:16 PM Agree 0
    I recall Real Insurance offered rebates after 3 years with no claims - since stopped this. Possibly others have offered similar/same in the past.
  • Chaaban Omran | 15 Jul 2014, 02:28 PM Agree 0
    If the Insurance policies can be tweaked to operate similar to a Mutual Aid Scheme (ie members joining for a common cause which is to assist members during a time of calamity) together with rebates this constitutes the 'Takaful' or Shariah product.
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