BBYB 2020

BANKING & FINANCE

Etiqa Insurance Berhad

Etiqa Insurance Berhad, Brunei Branch (previously

known as Malaysian National Insurance Berhad)

is a fully owned subsidiary of the Maybank

Group. The company offers general insurance

designed to provide coverage for businesses,

individuals, properties and assets.

Products offered by Etiqa Brunei include fire

insurance, burglary insurance, motor insurance

and all risks insurance for industries, such as the

construction sector, which entails a significant

risk factor due to the use of heavy machinery.

Great Eastern Life Assurance

Founded in 1908, Great Eastern is the oldest

and largest life insurance group in Singapore

and Malaysia. Great Eastern is one of the

leading insurance companies in Asia with over

SGD85 billion in assets, around four million

policyholders and three successful distribution

channels — a tied agency force, bancassurance

and a financial advisory firm named Great

Eastern Financial Advisers.

The group also operates in Indonesia and

Brunei and has a presence in China as well as a

representative office in Myanmar. Great Eastern

was named the Life Insurance Company of the

Year at the Asia Insurance Industry Awards in

2011 and 2013 by Asia Insurance Review. Having

been in Brunei since 1975, Great Eastern Life is

the only foreign life company that has acquired

its very own office building, a statement of its

commitment in the country.

Backed by an integrated health and wellness

Live Great programme, which provides clients

access to benefits such as wellness tools,

mobile apps, health tips, workshops and events

as well as exclusive privileges, Great Eastern

goes beyond the traditional role of an insurance

company when it comes to helping customers

live healthier, better and longer.

National Insurance Company Berhad

National Insurance Company Berhad, incorpo-

rated in 1969, is the market leader in general

insurance in Brunei.

In January 1998, Allianz Global Corporate &

Specialty AG, MSIG Holdings (Asia) Pte Ltd,

and Baiduri Holdings Berhad acquired partial

ownership of the company, a mark of confidence

in National Insurance and the Brunei economy,

and a move to consolidate the company’s

competitive position in the country and the

region. The partnership paves a channel for the

transfer of international insurance expertise to

Brunei, enabling the company to explore new

opportunities in the sector.

National Insurance cemented its status as the

country’s premier general insurance firm when

it attained ISO 9002 certification on April 15,

1996. On May 22, 2017, it was re-certified with

the new ISO 9001:2015 standard, becoming the

only insurance company in Brunei and among

the only few in the region to have earned this

prestigious certification.

The company is also active in the Brunei business

community and is a member of the Brunei

Insurance and Takaful Association, the Brunei

Darussalam International Chamber of Commerce

and Industry, and the East Asia Insurance

Congress. National Insurance celebrated its 50

anniversary in 2019.

Standard Insurance Sdn Bhd

Standard Insurance Sdn Bhd is an approved

insurer offering risk solutions in Brunei since

1995. The company has been a member of the

General Insurance Association (GIA) of Brunei

Insurance and Takaful Association (BITA)

since BITA’s inception. The company has three

branches and two counters, all located in

different areas throughout Brunei Darussalam

with the head office located in Kampong Kiarong.

Standard Insurance offers a wide range

of quality risk solutions for both individual

and commercial customers, and precisely

constructed to cater to the many needs of their

customers throughout the various aspects of

their lives or businesses.

Insurans Islam TAIB Holdings Sdn Bhd

Insurans Islam TAIB Holdings Sdn Bhd (IITH)

was formerly known as Takaful TAIB Sendirian

Berhad, a start-up company with only five

employees. The company occupied a small area

within its parent company Perbadanan Tabung

Amanah Islam Brunei (TAIB) office.

Celebrating the 25

anniversary of its

establishment on March 3, 2018, IITH and

its subsidiaries now have more than 140

personnel, three head offices and branches,

eight Takaful counters and more than

70 authorised agents. The company has

bancatakaful partnerships with leading banks

and financial institutions in Brunei.