The Asian Captive Conference 2017 is a joint effort between Labuan IBFC and the Labuan International Insurance Association, an industry association representing the insurance and risk management industry in the jurisdiction. This conference is aimed at highlighting the benefits of self-insurance, specifically captive insurance for Asian corporates and conglomerates.
Towards this, we will be presenting results from a piece of research commissioned by Labuan IBFC, as to why Asian captives are still inadequately represented vis-a-vis the total number of captives globally. In fact, only 2.3% of the 7000 captives that have been established worldwide are of Asian origin, while Asian corporates make up more than 30% of the world's largest companies.
Supported by the Pan-Asia Risk and Insurance Management Association, PARIMA, this conference is also expected to explore the topical developments in the risk management industry, ranging from Insure Tech to the potential changes in the way captives are managed and structured, due to regulations introduced by the Organisation for Economic Co-operation and Development (OECD)'s Base Erosion Profit Shifting initiative.