This research presents the evaliation of Corporate Governance implementation based on international standards. The research discusses issues relating to financial disclosures carried out by Takaful Undertakings in Indonesia. This research aims to analyze and understand the implementation of corporate governance in Takaful Undertakings in Indonesia based on Islamic Financial Services Board (IFSB) standards number 08 concerning on Guiding Principles on Governance for Takaful Undertakings (Islamic Insurance Institutions). This study used secondary data obtained from the annual report of islamic insurance which has been published for 2018. The method used in this study is qualitative with the type of research is content analysis from the annual report of islamic insurance in Indonesia. The results of research indicate that the implementation of Corporate Governance in islamic insurance in general have done good corporate governance which is marked with the result of self-assessment of every islamic insurance which on average gets a good predicate. The results of research on the implementation of Corporate Governance based on IFSB standards, majority the standards have been implemented. These standards have been well implemented regarding the governance framework, the code of ethics and business conduct, the governance structure and the disclosure of relevant information. However, there are several points have not been applied or not yet disclosed in the annual report. These points that have not been implemented related to investment policies, participant's risk fund mechanism, and cooperation between islamic insurance institutions to islamic reinsurance institutions