(Reuters) Somalia-Insurance

(Reuters)People in Somalia are now able to buy insurance policies in the country as the private sector drives recovery efforts after years of conflict. First Somali Takaful and Retakaful Company which opened in Mogadishu late last year is a new player that wants to revive the insurance market which was previously nonexistent. Abdinor Ilmi is […]


First Somalia Insurance Company Opens Shop

People in Somalia are now able to buy insurance policies in the country as the private sector drives recovery efforts after years of conflict. The first Somali Takaful and Retakaful Company which opened in Mogadishu late last year, is a new player that wants to create an insurance market that was previously non-existent. The insurance […]


Insurance Agreement between Somalia and Turkey

The joint venture between the two companies, Somalia and Turkey comes after a visit to Turkey by First Somali Takaful and Re-takaful head Mohamed Abdi Mohamed, accompanied by consultant Hilaal Sheikh Osman. The trip to Turkey was to develop the Islamic Insurance Company in Somalia, enter into a joint venture with the Turkish Insurance Company […]