Autoriti Monetari Brunei Darussalam, AMBD, and the insurance and Takaful Industry have agreed to focus on efforts to enhance consumer access and experience. In this digital era, technology and Fintech can be used to advance these two main areas.
Speaking at the launching of the Insurance and Takaful Day 2019 yesterday morning at Times Square, the Managing Director of AMBD noted that the industry has invested money, time and resources and established good foundations in broadening their reach to customers with the launch of enhanced websites and mobile applications. Dayang Hajah Rokiah binti Haji Badar said in support of this goal, AMBD had consulted the industry on the parameters that will act as guidance for online distribution of insurance and takaful products and services. It is hoped that as consumers' understanding and experience improve, take-up of insurance and takaful can increase and in turn, reduce pressure on household budgets. The celebration was marked with a video launching titled 'Protect and Save with Insurance and Takaful'.
The one-day event provided the public the opportunity to inquire on insurance or Takaful, apart from understanding the various insurance and Takaful products offered by participating members.
Source: Radio Television Brunei