The Labuan International Insurance Association (LIIA) and Labuan International Business and Financial Centre (IBFC) will jointly host the Asian Captive Conference (ACC) for the second consecutive year.
The conference will be focused on the challenges of self insurance, covering transparency and digital disruptions..
ACC 2018 aims to shed light the challenges risk managers are facing from technology and from meeting the growing demands of tax transparency brought by multilateral organisations and regulators.
The conference will be held in Kuala Lumpur on 1 and 2 August, and the joint hosts are encouraging more participation from the Asia region’s risk-related and risk management industries.
Farah Jaafar-Crossby, CEO of Labuan IBFC, said: “We are excited to organise the ACC 2018 again and we hope to see more delegates from the Asian region especially when the conference is a platform dedicated to the development of the self-insurance industry in the region.”
Jaafar-Crossby added: “The self-insurance sector is a niche market and we believe that there is a huge potential for structures such as captives and protected cell companies as a self-insurance tool, to grow in this region, especially with the ever-evolving risk landscape in the region.”
“Indeed, the return of ACC 2018 is testament to Labuan IBFC’s efforts to continue to build understanding among Asian corporations, on the need and benefits this risk management tool.”
LIIA chairman, Raymond Wong Shu Yoon, stated: “We are pleased and honoured to have Labuan IBFC as a partner for this event again and we are definitely excited to see the turn out for this year and we hope to receive a positive response from the industry players in the Asian region.”
He continued: “We are optimistic and passionate about the growth of the captive insurance market in Asia and we hope that through initiatives such as hosting the ACC 2018, risk managers and practitioners alike will have a better understanding of the benefits of using captive insurance as an alternative risk management and mitigation tool.”
