The Central Bank of Brunei Darussalam has issued guidance encouraging micro, small and medium enterprises to assess their specific business risks and select takaful or insurance coverage that meets their needs rather than choosing solely on price. Businesses should consult takaful operators and insurance companies licensed by the central bank when evaluating their options. The guidance calls on businesses to compare coverage scope, limits, exclusions, deductibles or excess, additional benefits and claims processes. Coverage should be reviewed regularly, particularly after changes such as expansion into new markets, equipment purchases, workforce growth or the introduction of new products and services, to avoid protection gaps or unnecessary duplication.
2026-09-19Central Bank of Brunei Darussalam
Central Bank of Brunei Darussalam urges MSMEs to assess risks when selecting takaful and insurance coverage
The Central Bank of Brunei Darussalam has urged micro, small and medium enterprises to assess their risks and prioritize suitable protection over the lowest takaful contribution or insurance premium. Businesses should understand key policy terms, use licensed providers and review coverage as their operations change.