www.bt.com.bn- A NEW insurance association, expected to be established this year will group Islamic insurers and work to level the playing field with their conventional counterparts in Brunei, as well as set up a watchdog body and more ground rules to increase the industry's credibility, publisher Oxford Business Group (OBG) said in its latest, annual economic overview on the Sultanate.
Helen Yeo, chairperson of the General Insurance Association Brunei Darussalam (GIAB), said the anticipated Brunei Insurance and Takaful Association (BITA) will address concerns in the industry, which said in the past, was criticised for "disparity" between the two types of insurance providers.
"Previously, the two streams have operated on their own, independent of each other and dialogue has been limited," she told OBG in The Report: Brunei Darussalam 2011. (source)
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