Labuan International Business and Financial Centre Inc (Labuan IBFC), together with Labuan International Insurance Association (LIIA), will co-host the Asian Captive Conference (ACC) 2022 to be held on 18 August 2022. The in-person conference will be officiated by Nik Mohamed Din Nik Musa, director general of Labuan Financial Services Authority, while Datuk Iskandar Mohd Nuli, executive chairman of Labuan IBFC will deliver the welcome speech. According to Labuan IBFC, ACC 2022 will serve as an ideal platform for insurance professionals to come together to actively share and exchange ideas on ensuring the continued growth and momentum of the captive market. It will also provide an opportunity to cover critical and market-relevant issues and solutions. Panel presentations and discussions at ACC will comprise a diverse mix of representatives from regional captive markets. The conference will kick off with an introduction on issues that are trending globally in the captive insurance sphere. The panel discussions will then open with a session on the development of captives in the Asian region. This discussion will map out the global captive landscape post COVID-19 and identify key growth industries, as well as emerging risk and regulatory developments. The closing panel will examine the position of captives in ESG schemes, in terms of how captives are plugging ESG-related loopholes in the market and the key factors enabling them to do this. The same panel will also explore the function of captive insurers as corporations deal with ESG inspections, as well as why ESG risks are pertinent to captive insurers. Labuan IBFC and LIIA say it is “timely and necessary” to host the ACC in-person this year to “elevate the captive space to greater heights”. “The goal is for ACC 2022 to serve as an ideal platform for insurance professionals to come together to actively share and exchange ideas on ensuring the continued growth and momentum of the captive market,” they add.
