Tag: Announcements

Technology can be a double-edged sword. It makes processes faster and easier whilst at the same time, exposes companies to new risks, especially as more and more companies interlink their processes with the Internet of Things to improve operational efficiency and effectiveness. However, more often than not, with the implementation of such technologies, organisations are…

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  We are honoured and excited to announce that we have been shortlisted for the Asia Captive Review Awards 2018 under the Captive Manager of the Year’ category, which is open to all captive management firms currently managing businesses for Asian parent companies. This award recognises excellence in all areas of captive management, particularly business…

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The use of self-insurance techniques through captives and protected cell companies is expected to expand in Asia, but education for potential corporate risk transfer sponsors needs to increase, according to the Labuan International Business and Financial Centre (Labuan IBFC). Farah Jaafar-Crossby, CEO of Labuan IBFC Inc., explained, “The self-insurance sector is a niche market and…

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While the captive insurance concept is young and showing signs of future potential in Asia, it is still unknown to many in the region.   This is according to Farah Jaafar-Crossby, CEO of Labuan IBFC, speaking ahead of the Asian Captive Conference (ACC 2018). The conference this year is jointly organised by Labuan IBFC and…

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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…

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In cooperation with Ernst & Young, Ginetta, and Citi Treasury and Trade Solutions, Allianz Global Corporate & Specialty has successfully implemented a blockchain prototype for a global captive insurance program. The technology aims to increase efficiency in the captive organization’s international insurance transactions by accelerating and simplifying functionalities. Simplified processes include cash payments; real-time access…

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Cybercrime is one of the fastest evolving risks for businesses, with a report from Cybersecurity Ventures predicting that by 2019 ransomware alone will breach a businesses’ cyber security every 14 seconds. The 2017 Crime Report by Cybersecurity Ventures also identified the “cybercrime epidemic” as the greatest threat to every company in the world, suggesting it…

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Kuala Lumpur, 13 February 2018 – Leading global trade publication, Captive Review has recently named Farah Jaafar-Crossby, CEO of Labuan IBFC Inc as one of the eight professionals to look out for in the global captive insurance industry. She is the only individual from Asia named in the list and is the first person from…

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The Labuan Development Blueprint 2030 launched by the Prime Minister of Malaysia, Datuk Seri Najib Tun Razak recently, will create the pathway to the growth and development of the Federal Territory Labuan. The Blueprint includes the roll out of more than 20 key projects over the next decade or so, aimed at boosting Labuan’s economic…

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Labuan, 18 January 2018 : Labuan Development Blueprint 2030 is the latest development plan prepared by Labuan Corporation (LC) to guide the growth of Labuan according to its function as provided in Labuan Corporation Act 2001 (Act 609). The blueprint helps LC to carry out its functions as local government and local planning authority. It…

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