Labuan IBFC
29 July 2022Asia-Pacific analysis

Labuan IBFC and LIIA to co-host 2022 Asian Captive Conference

Labuan International Business and Financial Centre (Labuan IBFC), together with Labuan International Insurance Association (LIIA) will co-host the Asian Captive Conference 2022 (ACC2022) which will be held on 18 August 2022.

The 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 the Labuan captive sector continued to gain momentum with 13 new players and total gross premiums increasing by 14.3 percent in 2021 despite operating against the background of a hard market.

Labuan IBFC hosted 63 captives at the end of 2021, with premium volume of more than $568.9m which contributed 33.5 percent of the insurance industry premiums, with more than 65 percent of the premiums generated from the international insurance business.

Labuan IBFC said that the conference 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 is also a golden opportunity to cover critical and market-relevant issues and solutions. In view of this, panel presentations and discussions in this conference will comprise a diverse mix of representatives from regional captive markets.

For further information and to register for ACC 2022, please click  here.