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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