Labuan IBFC
Nadeeka Sarah, events manager at Labuan IBFC, talks to CIT about the upcoming Asian Captive Conference in Kuala Lumpur and what attendees can expect
What is the date and location of this year's 7th Asian Captive Conference? What are the registration and event hours for the conference?
The 7th Asian Captive Conference will be held on Thursday, 19 September 2024 at the Sime Darby Convention Centre, Kuala Lumpur, Malaysia.
The conference will begin with registration at 08:00 local time, followed by opening remarks from the executive chairman and CEO of Labuan IBFC at 9:00.
The event will officially conclude at 17:30.
What can attendees expect to learn about captive insurance in the APAC region? What are the primary subjects that the conference will cover?
Attendees can expect to learn about the trends and challenges in captive insurance in the APAC region, in addition to the advantages of practising captive insurance in this region.
The conference will primarily address the challenges and opportunities associated with the implementation of BEPS 2.0, the distinctions between Asian and Micronesian jurisdictions, and the strategies, advantages, and trends in employee benefits through captive insurance. There will also be discussions on the use of technology, digitalisation, and AI in captive companies, as well as an introductory conversation on leveraging captives for business benefits and a more advanced discussion on adapting captive insurance strategies for BEPS 2.0.
How does this year's conference theme address the evolving needs of the captive insurance industry in the APAC region?
The theme ‘Leading the way in captive innovation’ addresses the evolving needs of the captive insurance industry in the APAC region by promoting technological advancement, regulatory adaptation, risk diversification, market growth, sustainability, and customer-centric approaches.
By focusing on these areas, the conference aims to equip industry professionals with the knowledge and tools necessary to navigate the dynamic landscape and drive growth and innovation in the region.
Will there be discussions on recent regulatory changes, such as OECD BEPS 2.0, and their impact on captive insurance?
Yes, there will be a panel discussion on the vital role of captive insurance within the evolving OECD BEPS 2.0 framework and its global reporting implications.
There will also be a breakout session on BEPS 2.0's key changes and impact on captive insurance. This discussion will also cover how to position captive insurance structures to ensure compliance with BEPS 2.0 requirements.
What networking opportunities will be available for attendees?
Attendees will have at least four formal networking opportunities, and they are free to have their own informal networking sessions at any time during the conference.
The conference is expected to attract more than 300 stakeholders, including regulators, insurance professionals, investors, and professional service providers from the global captive industry, as well as government agency representatives and media. Therefore, networking opportunities are varied and plentiful.
How does the conference plan to address the role of technology and AI in captive insurance?
The conference will address the role of tech and AI in captive insurance by having a panel discussion on this topic that will explore strategies for leveraging technology to enhance captive company products and learning about the digital economy, especially the insurtech segment. The panel will also outline ways to adopt and integrate AI into captive insurance.
What will be discussed in the session comparing different captive jurisdictions in Asia and Micronesia?
The discussion will delve into distinctive advantages that contribute to these jurisdictions’ captive success, comparing and contrasting their regulatory frameworks as well as successful captive strategies. The captive insurance market's emerging trends and creations will also be covered in detail.
How can interested parties become event sponsors or panellists?
Interested parties can reach out to me at events@libfc.com or call +60 12 338 8207 for more information on sponsorship or panellist opportunities.
