The takaful and insurance industry in Brunei Darussalam consists of 11 licensed companies, of which five are life/family takaful operators and six are general insurance/takaful operators. Registered intermediaries comprise one insurance broker and 489 agents, of which 239 are general insurance/takaful agents and 250 are life insurance/family takaful agents. There is no reinsurer or retakaful operator operating in the market.
Highlights (Q1 2024)
4
Takaful operators
BND 660.0M
Total Takaful assets
2.2%
Return on assets
8.7%
Return on assets and equity
Growth of Assets for Takaful Sector (Quarterly)
In 2023, the total assets of the insurance and takaful industry increased by 7.33% to BND2.02 billion. This was due to an increase in cash investments by 11.19%, recoverable from reinsurers by 15.09%, and other assets by 13.16% in both the life and general sectors.
Growth of Assets for Family Takaful and General Takaful (Annually)
