Insurans Islam TAIB Holdings Sdn Bhd (IITH) celebrated the 26th anniversary of its establishment on March 3, 2019. The company was formerly known as Takaful TAIB Sendirian Berhad, a start-up company with only five employees. The company occupied a small area within its parent company Perbadanan Tabung Amanah Islam Brunei (TAIB) office.
From its humble beginning, IITH and its subsidiaries now have more than 140 personnel, three head offices and branches, eight Takaful counters and more than 70 authorised agents. The company has bancatakaful partnerships with leading banks and financial institutions in Brunei.
IITH has two subsidiary companies under the Takaful Order 2008: Insurans Islam TAIB General Takaful Sendirian Berhad (IITGT) and Insurans Islam TAIB Family Takaful Sendirian Berhad (IITFT); offering a wide range of Takaful products and services. IITGT protects the insured’s assets and values. Meanwhile, IITFT provides financial protection for families if the insured or their significant other becomes ill and is unable to work.
Information Technology (IT) has always been at the forefront of IITH services. The company aspires to provide professional and efficient Syariah-compliant Takaful services through the latest technology.
In November 2018, IITH ventured into e-commerce with the launching of IIT Mobile app. Available in Google Play and Apple App Store, the app has a minimalist and user-friendly interface. Users may explore IITH, IITGT and IITFT corporate and products information; view the list of authorised agents and understand the policy claim process. The app’s “Get Quote” feature allows customers to obtain quotations and more information on Takaful products.
For corporates, IITGT and IITFT have introduced various Takaful products with customisable coverages and benefits to suit their needs. Their products cater to oil and gas related industries, fishery, aviation, telecommunication, marine hull and marine cargo. Clients of IITGT and IITFT range from government agencies to private companies including micro, small and medium enterprises.
With its extensive market experience and global supports from highly rated reinsurance companies, retakaful and actuarial firms; IITH and its subsidiaries remain steadfast and maintain their stronghold in Brunei’s Takaful and insurance industry.