Wednesday, Dec 13, 2017
INSURANS ISLAM TAIB HOLDINGS SDN BHD


Vision/Mission

The vision is To Be The Best Government-Linked Company in Brunei Darussalam

While the mission are as follows:

  • To grow and maximize shareholder value;
  • To serve and provide best quality support to its subsidiaries;
  • To diversify and explore other business opportunities in compliance with Shariah principles;
  • To create local employment prospects and contribute to National Economic Development.

 

Business Description

The most trusted Takaful company in Brunei Darussalam with offices, branches and takaful desks presence all over the Sultanate.  Offer Family takaful and General takaful products. 

 

Background

Established on 1993, under Company’s Act, Brunei (Cap 39), under the name Takaful TAIB Sdn Bhd.  A subsidiary of Perbadanan Tabung Amanah Islam Brunei (TAIB).  Started with Authorised Capital of B$10M and Paid up Capital of B$5M. In June 1997, changed its name to Insurans Islam TAIB Sdn Bhd.  In 1998, increased its Authorised Capital to B$20M and Paid up Capital of B$10M.

In 2010, established 2 subsidiaries namely Insurans Islam TAIB Family Takaful Sdn Bhd & Insurans Islam TAIB General Takaful Sdn Bhd.

 

Products/Services

The products offered by its subsidiaries are as follows:

Insurans Islam TAIB Family Takaful Sdn Bhd

Offers savings and protection takaful products.

Insurans Islam TAIB General Takaful Sdn Bhd

Offers takaful products which protect assets and cover liabilities.

Our product ranges from retail to corporate and even cater for specialize risks.

 

Markets

Our markets comprise of retail, corporate and specialise risks with expertise in all the indicated areas.

 

Industry

Insurance/ Takaful Industry.

 

Location

We have offices, branches and desks all over Brunei with offices as follows:

Head Office

Unit 5, 6 & 7, Ground Floor

Suria Building, Kiulap

Bandar Seri Begawan

 

Kuala Belait Branch

Unit No 14, Block B

Pg Hj Ali Bersaudara Building

Jalan Jaya Negara

Kuala Belait

 

Competitive Advantages

A major portion of our business in the General Takaful comes from Motor as it is regulated. 

 

Company Goals & Objectives

Our goal is eventually to venture into international market in a few years time.  To achieve the goal we have to:

  1. Continuously develop and equip our people with skills and knowledge;
  2. Standardize and streamline our business process and aim for operational excellence;
  3. Improve our customer service standards;
  4. Invest in Technology;
  5. Develop more competitive and innovative products;
  6. Strengthen relationship with our strategic partners such as Retakaful companies etc.

 

Management

Right on top of our company structure will be our Board of Directors.  Our companies are headed by Managing Director who is assisted by the Assistant General Manager who eventually have a number of Department Heads reporting.

On top of that, we have various committees assisting the business and just to name a few the Management Committee, Syariah Advisory Committee, Audit Committee, Investment Committee, Product & Business Development Committee  etc.

 

Employees

Comprise of around 160 employees.  100% local.

 

Highlights

 

Date/ Year

Highlights

3rd March 1993

Inception

1993

  • Introduction of Mortgage Takaful Plan
  • Introduction of Motor Takaful Scheme

1996

Opening of Takaful counters/ desks @ TAIB Beribi & TAIB Delima Filling Stations

1997

  • Opening of Takaful counter/ desk @ Mail Processing Center, Berakas
  • Launching of Family Takaful Plan & Domestic Servant Takaful Plan

1998

Opening of Takaful counter/ desk @ TAIB Tg Bunut Branch

1999

  • Official opening of Kiulap Branch, Setia Kenangan Building
  • Launching of Siswa Takaful Plan

2000

Launching of Special Siswa Takaful Plan for Orphans registered under thr Dana Duli Pengiran Muda Hj Al Muhtadee Billah

2001

Opening of Takaful counter/ desk @ the Land Transport Department

2002

  • Opening of Takaful counters/ desks @ TAIB Lambak branch and TAIB Tutong branch
  • Launching of Credit card holders Takaful Plan
  • Introduction of General Agency

2003

Introduction of Group Family Takaful Plan

2006

Launching of Sinar Takaful Plan

2007

Move to its own office building @ Suria Building, Kiulap

2009

  • Launching of Travel Takaful Kembara Scheme
  • Obtain recognition on Insurer Financial Strength by Fitch Ratings (BBB+)

2010

Formation of subsidiaries:

  • Insurans Islam TAIB Family Takaful Sdn Bhd
  • Insurans Islam TAIB General Takaful Sdn Bhd

2014

Launching of Teachers Takaful Plan

2015

Official opening of Head Office for Insurans Islam TAIB Family Takaful Sdn Bhd

 


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