News Regional13 Aug 2019

Understanding of captive insurance grows in Asia, says Labuan IBFC


Captives remain a vital business segment in Labuan International Business and Financial Centre (Labuan IBFC) with four new captives being approved between January and June 2019, totalling 51 captives registered in the jurisdiction as of June 2019. This represents a growth of 8.5% year on year, according to Labuan Financial Services Authority (Labuan FSA) director general Danial Mah speaking at Labuan IBFC and Swiss Re Corporate Solutions' conference last week at Kuala Lumpur.

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