Takaful Map


Socio-Economic and Demographic Factors Impacting Insurance & Takaful

The financial loss risk-sharing of Takaful covers very valuable economic fundamentals that benefit people and businesses alike, thereby serving the society as a whole. Markets with established takaful would have long term takaful cash flows backed by long term investments fueling national economic growth with the growth of takaful.

Strong socio-economic and demographic fundamentals are therefore important for the growth and development of insurance and takaful.


The traditional approach to knowing the state of insurance in a market (especially of life insurance and family takaful) is to compare GDP per Capita with Insurance Density. A better measure is to understand the state of human development.


Takaful companies can find precise benchmarks from such demographics in developing targeted strategies for product promotion and human resource strategies.

takaful-map -Socio.jpg

Source: Compiled by Sasha.K of MassesGlobal.org, adopting it for Takaful, from a paper titled “What drives the development of the insurance sector” by Erik Feyen, Rodney Lester, Roberto Rocha, a World Bank Paper , 2011


Human Development




Income Inequality



Population (1).jpg

Life Expectancy