WCR Most Innovative Family Takaful Service Provider 2017
News release
World Commerce Review is pleased to announce that FWU Global Takaful Solutions has been awarded the WCR Most Innovative Family Takaful Service Provider 2017.
The selection panel took into account product innovation, on-going customer support and best practice criteria as well as a continuing commitment to deploying the best possible solutions for the benefit of their clients. The World Commerce Review Awards are recognised as the principal indications of professional conduct and excellence.
Notes to Editors:
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About FWU Global Takaful Solutions
FWU was founded in 1983 and is an international life insurance and pensions group with a focus on long term savings, education and retirement plans for both individual customers and corporates (www.forwardyou.com). FWU has experience of distributing life insurance and pensions solutions with banks, brokers and Independent Financial Advisors (IFAs) in Europe and the growth markets (MENA and South East Asia).
European markets
In Europe FWU fully owns 3 life insurance companies, with Assets Under Management of $3 billion. FWU also fully owns an insurance broker in Italy, Solyda, which has over 1,000 sales agents (www.solyda.it).
Growth markets
From its regional head office in Dubai, UAE, FWU is also active in growth markets (UAE, Saudia Arabia, Oman, Pakistan and Malaysia) and has taken a strategic equity stake in 2 life insurance companies in Saudi Arabia and Pakistan.
FWU Value Proposition
-In growth markets, FWU is a service partner for 3rd party life insurance companies to offer tailored Shariah compliant Life Insurance and retirement solutions for defined customer segments (product design).
-Proprietary Digital Application (iPad) for life insurance sales / policy management, enabling policy issuance within 20 minutes (including life insurance underwriting)
-Asset Management using proprietary Quantitative models
-Sales channel management, training and distribution support
FWU SALAM Sukuk Program
FWU has successfully pioneered new Sukuk structures, under the brand name SALAM; and raised Shariah-compliant financing for its fast growing business activities in several growth markets.
