Canada's third-largest insurer, Sun Life Financial, is boosting investment in Indonesia and Malaysia as income from Asia's biggest markets, China and India, has fallen. Asia now accounts for 10% of the company's business, and Sun Life wants that to reach 12% by 2015. Part of that growth plan involves boosting the company's “takaful” business, which is insurance conforming to Islamic religious doctrines. Takaful now accounts for half of Sun Life's business in Malaysia, where about 61% of the population is Muslim, and 16% in Indonesia, the world's most populous Muslim country.
