Challenges in Self Insurance: Transparency and Digital Disruption
1 - 2 AUGUST 2018
The Asian Captive Conference will be returning for its second year on August 1-2, 2018. The conference is dedicated to the development of self-insurance in the region and is a collaboration between Labuan International Business and Financial Centre and the Labuan International Insurance Association.

This year's conference themed "Challenges in Self-Insurance: Transparency and Digital Disruption" aims to highlight the challenges and disruptors risk managers are facing from technology. At the same time, risk managers are also required to meet the growing demands of tax transparency and substance brought about by multilateral organisations and Regulators. 

The conference is expected to share the best practices and strategies relating to various self-insurance models, risk retention approaches and domicile selection adopted by multinational companies and industry professionals. In addition, there will be a dedicated presentation on Protected Cell Companies.
Highlights of ACC 2017
  • 8:00 AM
    Registration and Morning Coffee
    9:00 AM
    Welcome Remarks
    Farah Jaafar-Crossby, Chief Executive Officer, Labuan IBFC Inc
    9:05 AM
    Keynote Address
    YBhg Dato' Mohammed Azlan Hashim, Chairman, Labuan IBFC Inc
    9:25 AM
    A Self Insurance Road Map: Facilitating the Growth of Asian Businesses
    9:40 AM
    Panel Discussion
    The Growth of Self Insurance in Asia: An Intersection of Industry and Regulatory Demands
    10:30 AM
    Networking Break
    11:30 AM
    Panel Discussion
    Challenges in Self Insurance: Digital Disruption and Transparency
    Technology has the potential of transforming the entire insurance value chain from product development all the way to claims management, what are the implications for self-insurance and how will be the industry deal with these changes and the enhanced requirements for transparency?
    12:00 PM
    Networking Lunch
    2:00 PM
    One on One Interview
    The Risk of Taking Risk into your Own Hands: A Personal Experience
    2:45 PM
    Panel Discussion
    Tax Transparency and Self-Insurance: The Only Constant is Change
    Multinational companies with large captives will need to be prepared to demonstrate their alignment to the BEPs principles of tax transparency that could impact the captive market. In this session, our experts will share their strategies and the effect of transparency and requirements.
    3:45 PM
    Panel Discussion
    Self-Insurance and Risk Retention: Why, How and When?
    In this panel we will hear experts share their best practices, challenges and personal experience as to when best to explore self-insurance options, the type of self-insurance structures and when best to retain risk.
    4:45 PM
    Closing Remarks 
    Raymond Wong
    Chairman, Labuan International Insurance Association (LIIA)
    5:00 PM
    Ends with Networking Refreshments
  • 8:15 AM
    Morning Coffee
    9:00 AM
    Welcome Remarks 
    Danial Mah Abdullah, Director-General, Labuan Financial Services Authority
    9:10 AM
    Panel Discussion
    Choosing a Domicile: Key Considerations
    The panel will compose of protected cell companies and captive specialists, legal, actuarial and tax professionals who will share their insights into key considerations in deciding a domicile for your self-insurance needs.
    10:00 AM
    Networking Break
    10:20 AM
    Fulfilling the Potential of Protected Cell Companies in Asia
    11:00 AM
    Keynote Panel
    The Future of Risk Management
    What will the future of risk management look like? How will the Risk Managers manage the automation of risk management and elevate their role to a more strategic level in this age of digitisation. What skill sets will be needed to meet the demands of this new role?
    12:00 PM
    Closing Remarks 
    Secretariat Asian Captive Conference 2018
    12:30 PM
    Ends with Networking Lunch
Datuk Muhammad Ibrahim
Bank Negara Malaysia 
Datuk Muhammad Ibrahim was appointed Governor Bank Negara Malaysia on 1 May 2016. He chairs Bank Negara Malaysia's Monetary Policy and Financial Stability Committees.

Prior to his appointment as Governor, Datuk Muhammad Ibrahim was the Deputy Governor responsible for the development of the financial markets as well as Treasury operations including exchange and reserve management of the Central Bank. He also oversees the development of the banking sector including Islamic finance and insurance sector.

Datuk Muhammad Ibrahim is responsible for promoting Malaysia's agenda of migration to e-Payments aimed to generate cost and operational efficiency for businesses. He is also actively involved in collaborative efforts with the regional central banks to develop a multi-currency payment settlement platform aimed to enhance linkages in cross border transactions in trade and investment.

He also serves as Chairman of the Finance Accreditation Agency; Board member of the Retirement Fund Incorporated; member of the Malaysian Institute of Accountants; panel member of the National Trust Fund. He is also the Senate Chair of the International Centre for Education in Islamic Finance; was the Chairman of the Irving Fisher Committee on Central Bank Statistics, Bank for International Settlements; and a Fellow of the Asian Institute of Chartered Banker.

He holds a bachelor's degree in accounting from the University of Malaya and Master's Degree from Harvard University and International Islamic University.
George McGhie 
Willis Towers Watson Global Captive Practice
George has over 37 years of insurance experience. He moved to Singapore 25 years ago, after 6 years with Johnson & Higgins in Bermuda, to establish their Asia captive insurance practice. More recently he managed the broking operations of JLT in HK/China, and established their Regional Employee Benefits practice. 

He has been involved in the incorporation and/or management of many Asia Pacific captives, and worked closely with regulators across the region on captive related matters.

He is currently focused on advising Willis Towers Watson clients on the design and management of captive programmes across a broad range of countries, industries and classes of risk.
Kelvin Wu
Kelvin is the Group Risk and Insurance Manager for International SOS, where he has responsibility for the Group's risk management initiatives, corporate insurance programs including property, casualty and employee benefits, as well as the firm's captive insurance company.

Prior to this, Kelvin was the Senior Consultant in JLT Asia's risk consulting practice, where he led the development and delivery of risk consulting projects encompassing areas such as Enterprise Risk Management, Business Continuity Management, risk-insurance gap analysis, strategic risk financing and captive insurance.

Kelvin is a founding Board Member of the Pan-Asia Risk and Insurance Management Association (PARIMA), where he directed the organization of the highly successful inaugural 2014 PARIMA Annual Conference held in Singapore, which attracted over 400 risk and insurance professionals from all across Asia.

Kelvin holds an Economics degree from the Singapore Management University, where he graduated summa cum laude. He is also an Associate of The Chartered Insurance Institute (ACII) in UK, and an Associate in Risk Management (ARM) of The Institutes in US.
Dato' Majid Bin Mohamad
Labuan International Insurance Association
Dato' Majid holds a Bachelor of Arts (Honours) degree from University of Malaya and a Master of Business Administration degree from Manchester Business School, England. He also attended senior management programmes at Harvard Business School, United States and INSEAD, France.

Dato' Majid has extensive experience in the setting up, regulatory planning and rehabilitation of finance and insurance institutions. He started his banking career in Bank Negara Malaysia in 1977 and held various supervisory roles across key departments, from audit to economics, and bank and insurance regulation. He was Chief Executive Officer (CEO) of several life and general insurance companies in Malaysia including Pacific and Orient Insurance Berhad, Malaysia National Insurance Berhad, The People's Insurance Co. (Malaysia) Berhad and Talasco Insurance Berhad. In 2001, he facilitated the successful merger of Talasco Insurance Berhad and The People's Insurance Co. (Malaysia) Berhad. He retired as CEO and president of Labuan Reinsurance (L) Ltd at the end of 2010.

Dato' Majid is currently the Managing Advisor of MBM Advisors (L) Ltd, a consultancy outfit based in Labuan International Business and Financial Centre, and Technical Advisor to the Labuan International Insurance association and The Lloyd's of London. He also serves in the Investment Committee of Universiti Malaysia Pahang.

Dato' Majid's directorships in other companies are in Alliance Investment Bank, Alliance Islamic Bank Berhad (AIS), AIA Public Takaful Berhad and Pasdec Resources (South Africa) Ltd.
Sasana Kijang
2, Jalan Dato' Onn
50480 Kuala Lumpur, Malaysia
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