Sunday, February 3, 2013

Takaful industry faces challenge in finding right talent

KUALA LUMPUR: The Malaysian takaful industry, although growing faster than its conventional counterpart, is facing challenge in talent as it faces increase competition moving forward.

Malaysia Takaful Association chairman Zainudin Ishak said takaful operators are facing a lack of skilled and knowledgeable staff who are technically conversant in syariah principles underlying takaful business.

He said the lack of availability of good talent is a "perpetual challenge" facing the industry.

He said the Malaysian takaful industry is expected to continue its growth momentum - nothing less than double digit - and will need to further enhance and strengthen its human capital by attracting, recruiting and retaining talent.


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