

94
Borneo Bulletin Yearbook 2023
IITH has two subsidiary companies
under the Takaful Order 2008: Insurans
Islam TAIB General Takaful Sdn Bhd
(IITGT) and Insurans Islam TAIB Family
Takaful Sdn Bhd (IITFT). The two
subsidiaries offer a wide range of
Takaful products and services. IITGT
protects the insured’s assets and
values, whereas IITFT provides financial
protection for families if the insured or
their significant other becomes ill and
is unable to work.
National Insurance
Company
Incorporated
in
1969,
National
Insurance Company Berhad (NICB) 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 NICB and the Brunei
economy.
NICB cemented its status as the
country’s premier general insurance
firm when it attained ISO 9002
certification in 1996. The company was
re-certified with the new 9001:2015
standard in 2017, becoming one of the
few insurance companies in the region
to have achieved this prestigious
certification.
Standard Insurance
Standard Insurance Sdn Bhd is an
approved insurer offering risk solutions
in Brunei and has been operating for
over 25 years. 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, with
the head office located in Kampong
Kiarong.
The company offers a wide range of
quality risk solutions for individual
and commercial customers, precisely
constructed to cater to their customers’
needs throughout the various aspects
of their lives or businesses.
Tokio Marine
With a history of over 140 years, Tokio
Marine has an expansive network that
spans across the globe, conducting
business with integrity, passion and
quality.
Tokio Marine Insurance Singapore Ltd
(Brunei branch) is a Brunei-registered
life insurance, regulated by the Brunei