Brunei?s insurance industry to slow down in 2016

Brunei?s insurance industry to slow down in 2016

Monday, July 11, 2016 – THE growth of Brunei?s insurance industry in 2016 may be stunted due to decreased economic activity, said the chairman of the Brunei Insurance and Takaful Association in an interview with the Oxford Business Group. Hj Osman Hj Mohd Jair (pictured) said that while they might expect a slight increase in premiums collected for 2015, the growth of the market for 2016 is going to be on a downward trend. ?Simply because there is less economic activity to be observed,? he said when asked about short-term expectations for the growth of gross written premiums. Read More?