{"id":263992,"date":"2024-05-16T10:14:54","date_gmt":"2024-05-16T02:14:54","guid":{"rendered":"http:\/\/www.namnewsnetwork.org\/?p=263992"},"modified":"2024-05-16T10:14:54","modified_gmt":"2024-05-16T02:14:54","slug":"labuan-ibfc-inc-and-ram-jointly-host-event-on-labuan-captive-solutions-for-self-insurance","status":"publish","type":"post","link":"http:\/\/namnewsnetwork.org\/?p=263992","title":{"rendered":"Labuan IBFC Inc. and RAM jointly host event on Labuan captive solutions for self-insurance"},"content":{"rendered":"\n<p><strong>KUALA LUMPUR, May 16 (Bernama) &#8212;<\/strong>\u00a0RAM Rating Services Berhad (RAM Ratings), Malaysia\u2019s premier rating agency, and Labuan IBFC Incorporated Sdn Bhd (Labuan IBFC Inc.), the official marketing agency for Labuan International Business and Financial Centre (Labuan IBFC) yesterday hosted an event on self-insurance structures and solutions\u00a0in Labuan IBFC, Asia\u2019s premier international financial hub. Titled\u00a0<em>Setting Up a Labuan Captive for Self-Insurance<\/em>, the event matched delegates from corporates in Malaysia and representatives of the jurisdiction to discover the advantages of captive incorporation in Labuan IBFC.<br>\u00a0<br>In his welcome address, Datuk Iskandar Mohd Nuli, Executive Chairman cum CEO of Labuan IBFC Inc. highlighted the potential of Labuan captives as an effective and cost-effective risk management tool. \u201cCaptive insurance is well-positioned to cater for the changing operating landscape by providing tailor-made insurance policies, while having direct access to the global wholesale reinsurance market to meet non-conventional risks,\u201d Datuk Iskandar elaborated. Labuan IBFC\u2019s captive market began with Malaysian-based corporates, with the market registering USD624.6 million in total gross premiums in 2023, an all-time high premium volume recorded over the last five years. Today, the jurisdiction hosts over 69 captives, underscoring its position as a leading captive hub in the Asian region.<br>\u00a0<br><a href=\"http:\/\/mrem.bernama.com\/viewsm.php?idm=48606\" data-type=\"URL\" data-id=\"http:\/\/mrem.bernama.com\/viewsm.php?idm=48606\">http:\/\/mrem.bernama.com\/viewsm.php?idm=48606<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>KUALA LUMPUR, May 16 (Bernama) &#8212;\u00a0RAM Rating Services Berhad (RAM Ratings), Malaysia\u2019s premier rating agency, and Labuan IBFC Incorporated Sdn Bhd (Labuan IBFC Inc.), the official marketing agency for Labuan International Business and Financial Centre (Labuan IBFC) yesterday hosted an event on self-insurance structures and solutions\u00a0in Labuan IBFC, Asia\u2019s premier international financial hub. Titled\u00a0Setting Up [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[315],"tags":[],"_links":{"self":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/263992"}],"collection":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=263992"}],"version-history":[{"count":1,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/263992\/revisions"}],"predecessor-version":[{"id":263994,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/263992\/revisions\/263994"}],"wp:attachment":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=263992"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=263992"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=263992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}