Indonesia - Sharia products still unsuccessful
Saturday, 12 24 2016, Category: Insurance and Reinsurance, Country: Asia
A lack of differentiation in its products' features has the sharia insurance industry lagging behind its conventional counterparts, an insurer has said.
FWD Life Indonesia chief of product proposition and sharia Ade Bungsu said that many sharia insurance products were just mirroring conventional products without adding any value.
Moreover, despite being dominated by Muslims, Indonesian customers cared more about features and investment returns.
Source: The Jakarta Post