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INSURANCE SERVICES
In Brunei Darussalam, companies and operators
that offer Takaful and insurance services
are regulated by Autoriti Monetari Brunei
Darussalam (AMBD).
Policies or coverage are available directly from
the insurance companies or takaful operators.
Other sources include authorised agents; banks
that have a bancassurance (bancaTakaful)
agreement with insurance companies or takaful
operators; and brokers registered under AMBD.
AMBD Financial Institutions Directory provides
a list of registered insurance companies,
takaful operators, general insurance or takaful
agents and insurance brokers in the country.
The directory is available on the AMBD website
and app.
In 2013, the Brunei Insurance and Takaful
Association (BITA) was inaugurated in a soft
launch, uniting all the registered conventional
life and non-life insurers as well as Takaful
operators in the country.
The trade body promotes a level playing field,
harmony and cooperation among members and
industry players.
BITA comprises of AIA, Great Eastern, Audley
Insurance, National Insurance Company
Berhad, Insurans Islam TAIB General and
Family Takaful, Standard Insurance Sdn Bhd,
Tokio Marine Insurance Group, TBA and TBK.
In addition to supporting the Brunei Darussalam
National Road Safety Council, BITA is also a
member of the ASEAN Insurance Council and
the East Asian Insurance Council.