News & Events
Insurance and Takaful Day 2018
Read more ...
Motor Claims Guidelines (MCG)
BRUNEI began official implementation of the Motor Claims Guidelines (MCG) for motor vehicle accidents yesterday.
The guidelines were introduced to “speed up the clearing of accident scenes and expedite the settlement of insurance claims,” according to Acting Director of Land Transport, Pengiran Mohammad Amirrizal bin Pengiran Haji Mahmud yesterday.Read more ...
Fraud in Insurance and Takaful
Insurance and Takaful fraud is any act committed with the intent to obtain a fraudulent outcome from an insurance and Takaful process.This may occur when a claimant attempts to obtain some benefit or advantage to which they are not otherwise entitled. False insurance and Takaful claims are insurance/Takaful claims filed with the intent to defraud an insurance and Takaful provider.