We expect continued growth in the global market for Islamic insurance, or takaful, supported by strong demand, pricing improvements and the spread of compulsory insurance in many Muslim-majority countries. Take up of insurance in these markets also remains comparatively low, an indicator of good growth potential. We expect price increases to improve the takaful sector’s profitability, which has declined because of an inflationary increase in claims costs and a post-pandemic rise in claims volumes. We also anticipate some consolidation within....