The Association is known as the GENERAL INSURANCE ASSOCIATION OF BRUNEI DARUSSALAM (GIAB).

It was formally approved and registered on 23rd August 1986 (Registrar of Societies Ref: BPD 25/731) with the full endorsement and support from the Ministry of Finance.

The principal activity is to act as a representative body of the general insurance industry in Brunei Darussalam and to promote and protect the interests of all its members in connection with the general insurance industry in Brunei Darussalam.

GIAB’s Objectives are:
  1. To liaise with the Government of Brunei Darussalam on matters relating to the insurance industry or insurance legislation.
  2. To promote cooperation and discussion amongst insurance companies transacting business in Brunei Darussalam.
  3. To act as mediator on matters which are in dispute within the insurance industry.
  4. To promote the good name of the insurance industry and act as the body to which the general public or the Government of Brunei Darussalam may refer to in order to obtain clarification on matters relating to insurance.
  5. To enhance management and technical skills within the insurance industry.
  6. To assist in any matter of a technical nature which requires collective support from the insurance industry as a whole.
  7. To establish contacts with the other insurance associations worldwide, with particular emphasis on ASEAN countries.
There are two categories of memberships: Ordinary and Associate Members.

Ordinary members shall be limited to insurance companies authorized by the Government of Brunei Darussalam to transact business in Brunei Darussalam.

Associate members shall be limited to Takaful operators, life insurance companies and such other eligible entities as may, from time to time, be determined by the members.

The Administrative Committee deals with all matters of interest to the Association. The committee consists of the Chairman, the Vice-Chairman and three (3) Committee members, and shall consist of individuals elected by ballot by the members at a general election and must be either a director or a senior manager in a member company.

The Association currently have seven (7) ordinary members and two (2) associate member

GIAB is a member of the Asean Insurance Council and the East Asian Insurance Congress
 
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