Willis claims UK first with launch of Shariah Compliant real estate insurance
New product is underwritten by Cobalt Underwriting and backed by QBE and XL.
Willis has claimed to have launched the UK's first Shariah compliant commercial real estate insurance product.
The broker stated that the move came in response to growing demand from property investors for insurance cover that is compliant with Islamic law.
It detailed that the cover, which offers real estate investors and companies access to insurance that is compliant with the principles of Shariah law, is underwritten by Cobalt Underwriting, a specialist insurance and reinsurance underwriting
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