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Borneo Bulletin Yearbook 2020
INSURANCE SERVICES
In Brunei Darussalam, companies and operators
offering takaful and insurance services are licensed
by Autoriti Monetari Brunei Darussalam (AMBD), the
country’s central bank.
Policies or coverage are available directly from the
insurance company or takaful operator; from takaful
agents that have been authorised to represent
insurance companies or takaful operators; from banks
that have a bancassurance (bancaTakaful) agreement
with insurance companies or takaful operators; or
from brokers that are registered under AMBD.
AMBD provides a list of registered insurance
companies and takaful operators, registered general
insurance or takaful agents and insurance brokers
in the country through its Financial Institutions
Directory. The directory is available on the AMBD
website and app.
Audley Insurance Company Sdn Bhd
Audley Insurance Company Sdn Bhd (AIC), a
subsidiary of Brunei Investment Agency (BIA), was
established on October 30, 1996 with the primary
objective of acting as a “Captive Insurer” for all BIA-
owned assets and interests.
AIC extended its services to all assets and
interests owned and partly owned by His Majesty’s
Government and others which are of strategic
importance to Brunei.
The company also services insurance needs of
other major corporations and individuals in Brunei
Darussalam. AIC’s mission is to ensure all important
and strategic assets of BIA and Brunei government
are properly and adequately insured at the best
market terms with a high value security.