You are here: HomeBrunei 2016 › Homegrown Strength

Insurans Islam TAIB instills trust in Bruneians

Sep 28, 2016

Despite the upheavals that plagued the global economy over the past two decades, Insurans Islam TAIB in Brunei has thrived in the country as it adapted to a fast-evolving industry.

A subsidiary of TAIB (Perbadanan Tabung Amanah Islam Brunei), Insurans Islam TAIB is the first financial institution in Brunei Darussalam to offer “takaful,” or Islamic insurance, and conduct its activities in accordance with Shariah law.

Insurans Islam TAIB enjoys a prominent market share in Brunei.

Fully aware that its business is built on trust, Insurans Islam TAIB has gained the confidence of its customers because of the stability and growth shown by its parent company and the country’s positive economic prospects despite a slump in global oil prices.

“Oil prices have plummeted, but there is hope that they will increase. It is our principle to try hard and not get despondent about anything,” said Managing Director Osman Jair.

Although vehicle insurance accounts for the bulk of its business, the insurance firm is unfazed because it has built up a wide clientele of commercial clients, whose numbers are rising amid a boom in entrepreneurship.

Aside from its traditional activities, Insurans Islam TAIB has also formed a financial literacy and awareness subcommittee to educate the public about insurance and risk management. It also participates in international conferences to meet other industry players and gain knowledge of new products and services that it can offer its fellow Bruneians. 

Insurans Islam TAIB’s growth has also involved investment in the latest technology. It implemented a new insurance management system that raised the efficiency of its workforce and improved customer service.

“We want to be more connected through IT and also make our staff and Bruneians understand the future of the insurance industry,” Osman Jair said.

Brunei 2016 was prepared for and originally printed in The Japan Times Newspaper.

PDF of the printed report

latest special Reports:

  • Global Media is your partner in reaching a powerful international audience through high-level economic reporting.

    Our ambition is to highlight under-reported developments and opportunities around the world, and allow leaders in these regions and sectors to take their message to the highest global level. We partner with top media to communicate with the world’s most powerful audiences. We specialize in communication and branding initiatives that help our clients effectively get their messages to their existing and potential partners. We achieve results for our clients by introducing them and their initiatives to an audience of elite international business and government leaders.

    Global Media Inc. is an independent media agency with offices in Hong Kong and Canada. GMI has more than a decade of experience in the writing, researching, and production of promotional country reports, with media partners from East Asia to North America. We have teams worldwide that develop country and thematic reports on the latest economic trends and developments.

    We are a media partner of Foreign Affairs,the United States’ most influential publication, published by the New York-based Council on Foreign Relations.

    Nearly a century old, there isn’t a more influential or higher-reaching publication in the United States than Foreign Affairs. The journal is ranked #1 in influence by U.S. opinion leaders in a recent nationwide study conducted by Erdos and Morgan, the premier business-to-business research firm. Their findings place Foreign Affairs ahead of all media, both print and broadcast, including The New York Times, The Wall Street Journal, The Economist, and The Washington Post.


    “We were extremely impressed with how efficient, well-coordinated, responsive and reliable the Global Media Inc. team was. We owe them a lot for their professionalism. We were very pleased with the outcome, and the article was very well-written. We hope to have an opportunity to work with Global Media Inc. again in the near future.� – Japan Airport Terminal Co. Ltd.
    “The Global Media team’s professionalism was excellent. Their team was great and always gave us the right suggestions and information. The product was excellent, and we were very happy to have such a great opportunity working with their excellent team.â€� – National Graduate Institute of Policy Studies (GRIPS)
    “We were honored to be chosen as one of the good universities in Japan. This article conveyed Seigakuin University’s educational ideals and the message from President Akudo. The advertisement was conspicuous and gave a good impression that Seigakuin nurtured students to contribute to world peace. We really appreciated what Global Media Inc. had did for us.â€� – Seigakuin University

    Whom we have featured:

    • Australian Prime Minister Julia Gillard
    • Australian Foreign Affairs Minister (and former Prime Minister) Kevin Rudd
    • Japanese Prime Minister Shinzo Abe
    • Qatari Minister of International Trade and Industry Dato’ Sri Mustapa bin Mohamed
    • Japanese Minister of Education, Culture, Sports, Science and Technology Yoshiaki Takaki
    • Taiwanese Foreign Minister Yang Chin-Tien
    • Taiwanese Finance Minister Lee Sush-Der
    • Taiwanese Economic Affairs Minister Shih Yen-Shiang
    • Taiwanese National Science Council Minister Lee Lou-Chuang,
    • Taiwanese Deputy Minister of Transport and Communications Yeh Kuang-Shih
    • Taiwanese Political Deputy Minister of Education Dr. Lin Tsong-Ming
    • Indonesian Ambassador to the United States Dr. Dino Patti Djalal
    • Indonesian Investment Coordinating Board Chairman Gita Wirjawan
    • Philippine President Benigno S. Aquino III
    • Philippine Senate President Juan Ponce Enrile

Join our newsletter

Sign up for our weekly newsletter to get the latest news and updates directly to your inbox.