London firm launches Islamic insurance platform

[Insurance, Banking, Mortgage, Loan]

By Bernardo Vizcaino SYDNEY (Reuters) – London-based firm Cobalt has developed a sharia-compliant insurance platform that uses a syndication model to help spread risk across a panel of underwriters, a novel format that could boost capacity in the sector. Under the platform, Cobalt allows multiple insurers to pool their capacity and each can subscribe to the desired level of risk though …

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