The Malaysian Insurance and Takaful Brokers Association (MITBA), formerly known as The Insurance Brokers Association of Malaysia (IBAM), is the only national body of insurance and takaful brokers. It was registered with the Registrar of Societies on 3rd December 1974. MITBA serves as the collective voice of the industry, providing advice to its members, the regulator, consumers, trade associations, and other stakeholders on key insurance issues.
MITBA also offers training, technical advice, guidance on regulation, and business support. Our role is to elevate the status of insurance and takaful brokers through professional development and by establishing improved standards of qualification and ethical practices.
MITBA members adhere to strict standards of conduct, professionalism, and practice. This ensures that they maintain the highest ethical standards and the utmost good faith, the foundation of the insurance business, in all activities in which they are engaged.
The MITBA Board of Directors consists of nine (9) elected representatives who are chosen every 2 years during the Annual General Meeting (AGM) from its membership. They meet monthly for official Board meeting to provide direction and ideas. In addition, sub-committees and special task forces are established to address a wide range of interests, allowing members to discuss relevant topics with their peers, gain more insights into issues of importance, and formulate business plans and strategies to further promote healthy market practices.
The MITBA secretariat provides day-to-day administration and support to the Association.
