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REPORT BY CHIEF DELEGATE

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Presentation on theme: "REPORT BY CHIEF DELEGATE"— Presentation transcript:

1 REPORT BY CHIEF DELEGATE
29TH EAIC 2018, MANILA REPORT BY CHIEF DELEGATE BANDAR SERI BEGAWAN

2 INSURANCE AND TAKAFUL: OVERVIEW
LICENSEE COMPANIES Licensees No. of Companies Life Insurance 3 General Insurance 4 Family Takaful 2 General Takaful Insurance Brokers 1 Adjusters

3 INSURANCE AND TAKAFUL: MARKET UPDATE
Motor Claims Guideline Implemented on 14th August 2017; The Life Agency Handbook (LAH) guidelines and regulation – Work in Progress, expected implementation in 2nd Half Year of 2018; Phase 2 Motor Underwriting Guideline - work in progress Compulsory Foreign Worker Medical Insurance – work in progress

4 INSURANCE AND TAKAFUL: FINANCIAL INDICATORS
(In B$ millions) 2015 2016 2017 Assets 1,367 1,484 1,610 Gross Premiums 318 301 296 Gross Claims/Benefits 143 174 145

5 INSURANCE AND TAKAFUL: FINANCIAL INDICATORS

6 INSURANCE AND TAKAFUL: MARKET GROSS PREMIUM (BND$ Millions)

7 INSURANCE AND TAKAFUL: GENERAL/NON LIFE GROSS PREMIUM (BND$ Millions)

8 INSURANCE AND TAKAFUL: LIFE/FAMILY TAKAFUL GROSS PREMIUM (BND$ Millions)

9 INSURANCE AND TAKAFUL: MARKET GROSS CLAIM (BND$Millions)

10 INSURANCE AND TAKAFUL: NON LIFE/GENERAL 2017 GROSS PREMIUM BREAKDOWN (BND$Millions)

11 INSURANCE AND TAKAFUL: NON LIFE/GENERAL GROSS PREMIUM BREAKDOWN (BND$Millions)

12 INSURANCE AND TAKAFUL: LIFE / FAMILY TAKAFUL 2017 GROSS CLAIM BREAKDOWN (BND$Millions)

13 Thank You Terima Kasih


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