العربية

Cooperative Insurance

Cooperative Insurance (Takaful) is to enhance social solidarity amongst policy holders. It is not purely profit oriented, but seeks protection against risks in the first place. And to absorb material consequences of any loss and damage to insured person or his properties. All participants in Takaful (Policy holders) cooperate on such a principle, to compensate anyone of them exposed to damage due to any of the risks covered by the policy. Since those policy holders are the owners of such an insurance process, they are entitled to retrieve surplus of operations in cash, each according to his premium amount, after allocation of overhead charges and expenses.

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MISSION

STAFF

OBJECTIVES

Takaful Insurance Company endeavourers to affirm its effective role as a major partaker in the Libyan market, keeping up a good commercial name, through the provision of top quality services in highly rated professional competent.

TIC has elected a specialized work team of highly experienced personnel in insurance. It has adopted the highest standards in business management and the utility of most recent information technology in computer and communications. This is in order to provide the best insurance services, including all types of insurance covers and services currently available in the Libyan market.
 

To guarantee rights and interests of its policy holders, Takaful Insurance Company aspires to create and develop new insurance covers and services in the Libyan market, supported by reinsurance treaties with major reinsurance companies, financial positions of which rated not less than BBB, led by Munich Reinsurance Company (Munich Re), the Arab Insurance Group (ARIG), the African Reinsurance Corporation (Africa Re) and other Arab and international reinsurance companies.

     

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Takaful Insurance Co. 2008