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BANKING & FINANCE
AIA Brunei is the country’s leading
conventional life insurer both in terms
of market share and business volume.
The year 2022 marked AIA Brunei’s 65
th
anniversary as it continues to provide
lifelong support and financial security to
its customers.
Audley Insurance
Company
Audley Insurance Company Sdn Bhd
(AIC) is a subsidiary of Brunei Investment
Agency (BIA). It was established in 1996
with the primary objective of acting as a
“Captive Insurer” for all BIA-owned assets
and interests.
AIC offers its services to all assets and
interests owned and partly owned by
His Majesty Sultan Haji Hassanal Bolkiah
Mu’izzaddin Waddaulah ibni Al-Marhum
Sultan Haji Omar ‘Ali Saifuddien Sa’adul
KhairiWaddien,SultanandYangDi-Pertuan
of Brunei Darussalam’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. As
a captive insurer, AIC retains a percentage
of risks of its related companies. This
has proven beneficial to the companies,
providing stability in its premium rates.
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.
The 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 SGD90
billion in assets and over 10 million
policyholders. The company provides
insurance solutions through three
distributions channels: a tied agency
force, bancassurance and a financial
advisory firm named Great Eastern
Financial Advisers.
Aside from operating in Indonesia and
Brunei, the group also 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 EasternLifehas
acquired its very own office building,
a statement of its commitment as a
foreign life company.
Insurans Islam TAIB
Established in 1993, Insurans Islam
TAIB Holdings Sdn Bhd (IITH) is a
subsidiary company of Perbadanan
Tabung Amanah Islam Brunei (TAIB).
IITH is the first takaful company in
the country and has bancatakaful
partnerships with leading banks and
financial institutions in Brunei.