THE ASIAN CAPTIVE CONFERENCE 2018
Challenges OF 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 of 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.
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
AGENDA
-
8:00 AMRegistration and Morning Coffee9:00 AMWelcome RemarksFarah Jaafar-Crossby, Chief Executive Officer, Labuan IBFC Inc9:05 AMKeynote AddressYBhg Dato' Mohammed Azlan Hashim, Chairman, Labuan IBFC Inc9:25 AMPresentationA Self Insurance Road Map: Facilitating the Growth of Asian Businesses9:40 AMPanel DiscussionThe Growth of Self Insurance in Asia: An Intersection of Industry and Regulatory Demands10:30 AMNetworking Break11:30 AMPanel DiscussionChallenges of Self Insurance: Transparency and Digital DisruptionTechnology 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 PMNetworking Lunch2:00 PMOne on One InterviewThe Risk of Taking Risk into your Own Hands: A Personal Experience2:45 PMPanel DiscussionTax Transparency and Self-Insurance: The Only Constant is ChangeMultinational 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 PMPanel DiscussionSelf-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 PMClosing RemarksRaymond WongChairman, Labuan International Insurance Association (LIIA)5:00 PMEnds with Networking Refreshments6:30 PMAsia Captive Rewards 2018
-
8:15 AMMorning Coffee9:00 AMWelcome RemarksDanial Mah Abdullah, Director-General, Labuan Financial Services Authority9:10 AMPanel DiscussionChoosing a Domicile: Key ConsiderationsThe 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 AMNetworking Break10:20 AMPresentationFulfilling the Potential of Protected Cell Companies in Asia11:00 AMKeynote PanelThe Future of Risk ManagementWhat 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 PMClosing RemarksSecretariat Asian Captive Conference 201812:30 PMEnds with Networking Lunch
MEET OUR SPEAKERS
Azmi Abdullah
GHR Risk Management (Labuan) Limited
Malcolm Cutts-Watson
Cutts-Watson Consulting Limited
Danial Mah Abdullah
Labuan Financial Services Authority (Labuan FSA)
Anthony Egerton
Huntington Underwriting Limited
Shiwei Jin
XL Catlin
Dato' Majid bin Mohamad
Labuan International Insurance Association
George McGhie
Willis Towers Watson Global Captive Practice
Dato' Mohammed Azlan Hashim
Labuan IBFC Inc
Naoyoshi Araki
Japan Risk Specialist Limited
Raziyah Yahya
Board Member of AIG
Suchitra Narayanan
Air Asia Berhad
Benjamin Tausig
Financial Services Deloitte & Touche LLP
Sean Welsch
Zurich Insurance Company Ltd
Raymond Wong
Labuan International Insurance Association
Kelvin Wu
PARIMA
Azmi Abdullah
Principal Officer, GHR Risk Management (Labuan) Limited
Azmi Abdullah is currently the Group Treasurer of Genting Berhad. He manages the Treasury of Genting Berhad and has been managing the Group's insurances for more than 25 years. He was involved in the setting up of one of the very first Captive Insurance Company in Labuan in 1999 and is currently the Principal Officer of GHR Risk Management (Labuan) Limited. Azmi graduated with a B Sc Business Administration in Finance from the University of Missouri-Columbia, and has a Masters Degree in Business Administration from the University of Missouri-Kansas City.
Anthony Egerton
Principal Officer, Huntington Underwriting Limited
Tony has more than 30 years of experience in the (re)insurance industry, specialising initially in the alternative risk transfer/structured finance sector with Centre Reinsurance in London, Hong Kong and New York. In 2003, he was appointed President, Asia-Pacific for Lloyd's, based in Singapore, with responsibility for developing and implementing the market's business development strategy across the region.
Six years ago, he joined Huntington Partners LLP, the independent, specialist strategy consultancy and private equity firm. On behalf of Huntington, Tony is a Director of several regional (re)insurance businesses, as well as being the Principal Officer of Huntington Underwriting Limited, a Labuan Underwriting Manager that operates an underwriting facility for Structured Solutions on behalf of reinsurers with a minimum financial strength rating of A- (Excellent) from AM Best & Company (or equivalent).
In 2015, Tony was appointed to Labuan International Business and Financial Centre's panel of specialists and has been instrumental in providing insurance and reinsurance related advice.
In 2015, Tony was appointed to Labuan International Business and Financial Centre's panel of specialists and has been instrumental in providing insurance and reinsurance related advice.
Naoyoshi Araki
Representative Director, Japan Risk Specialist Limited.
Naoyoshi is the Representative Director at Japan Risk Specialist Limited. After he was graduated from Faculty of Economics, Keio University in 1986, he started his career as the financial derivatives trader at American securities company. In 1998, after 10 years of working as the financial derivatives trader, he started working for the German reinsurance company engaging with reinsurance business, mainly focusing on reinsurance underwriting and assessment work of engineering insurance and property insurance.
In 2007 he started working for Aon Risk Specialist Limited, engaging reinsurance broking business then appointed as the President of the same company in 2008.
In 2009, with the change of shareholders of the company, he became the Representative Director at Japan Risk Specialist Limited.
In 2009, with the change of shareholders of the company, he became the Representative Director at Japan Risk Specialist Limited.
George McGhie
Managing-Director, 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.
Dato' Majid bin Mohamad
Independent Director, 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.
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.
Dato' Mohammed Azlan Hashim
Chairman, Labuan IBFC Inc
Dato' Mohammed Azlan Hashim is Chairman of Labuan IBFC Inc. He is also Chairman of D&O Green Technologies Bhd, Marine & General Berhad and IHH Healthcare Bhd. He serves as a Board Member of Khazanah Nasional Bhd and the Government Retirement Fund Inc Investment Panel.
Dato' Azlan has extensive experience in the corporate sector, including financial services and investment. He has held various senior positions, including CEO of Bumiputra Merchant Bankers Bhd, Group Managing Director of Amanah Capital Malaysia Bhd and Executive Chairman of Bursa Malaysia Bhd Group. Dato' Azlan is a Fellow Member of the Institute of Chartered Accountants, Australia; Member of the Malaysian Institute of Accountants; Fellow Member of Malaysian Institute of Directors and Fellow Member of the Institute of Chartered Secretaries and Administrators. Malaysia.
He holds a Bachelor's degree in Economics from Monash University in Australia, and is qualified as a Chartered Accountant in Australia.
He holds a Bachelor's degree in Economics from Monash University in Australia, and is qualified as a Chartered Accountant in Australia.
Kelvin Wu
Group Risk and Insurance Manager, PARIMA
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.
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.
Malcolm Cutts-Watson
Managing Director, Cutts-Watson Consulting Limited
With 4 decades in the alternative risk industry, Malcolm has gained an unique insight into captives and a sophisticated outlook for the future.
He is a member of the Captive Hall of Fame that recognises outstanding contribution to the industry over the past 50 years.
He is a member of Labuan FSA International Advisory Panel. He has advised many Asian corporates and governments on captive strategy and spent time in China fostering the use of captives.
He is a member of Labuan FSA International Advisory Panel. He has advised many Asian corporates and governments on captive strategy and spent time in China fostering the use of captives.
Danial Mah Abdullah
Director-General, Labuan Financial Services Authority (Labuan FSA)
Mr Danial is the Director-General of Labuan FSA, the regulatory authority of Labuan International Business and Financial Centre. Mr Danial assumed the position of Director-General with effect from 3 October 2017. Prior to this, he was the Deputy Director-General of Labuan FSA, a position he held since 2007. He has worked in Labuan FSA since the early years of its establishment and held various positions in the organisation.
Mr Danial is a Board member of International Islamic Financial Market (IIFM) and member of its Executive Committee. He is chairman of the Financial Stability Committee Labuan FSA and a Board member of the Labuan Corporation, Financial Park Labuan, Labuan IBFC Incorporated Sdn Bhd, LabuanFSA Incorporated Sdn Bhd and Pristine Era Sdn Bhd. He also chairs the council of Labuan IBFC Foundation and member of the Port Consultative Committee for Lembaga Pelabuhan Labuan (LPL).
Mr Danial has a Bachelor of Accounting (Hons) from the University of Malaya, Malaysia; and a Masters in Business Administration from the Manchester Business School, UK. He is a Chartered Accountant registered with the Malaysian Institute of Accountants.
Mr Danial has a Bachelor of Accounting (Hons) from the University of Malaya, Malaysia; and a Masters in Business Administration from the Manchester Business School, UK. He is a Chartered Accountant registered with the Malaysian Institute of Accountants.
Suchitra Narayanan
Group Head of Risk and Insurance
Air Asia Berhad
Suchitra joined Air Asia in November 2017, as Group Head of Risk and Insurance.
In this role, Suchitra is responsible for the development and execution of Enterprise Risk Management and Business Continuity across the group, as well as the implementation of a strategic Insurance function. She reports to the CEO as well as the Risk Management Committee, which is a subset of the Board.
Suchitra has over 15 years' experience in risk management.
Prior to joining Air Asia, Suchitra worked for various financial, insurance, investment management and oil and gas organisations in London and Kuala Lumpur.
Suchitra has a B.Sc (Hons) in Economics and Statistics from University College London and is a qualified chartered accountant.
Raziyah Yahya
Board Member of AIG
Raziyah Yahya was formerly an Advisor and Head of Group Insurance of Petroliam Nasional Berhad (PETRONAS). She has been with PETRONAS Group Insurance since May 1978 until her retirement in December 2017. Prior to joining PETRONAS, she was attached with Mayban-Phoenix Insurance Sdn Bhd.
During her tenure with PETRONAS, she was also appointed to the Board of Energas Insurance (L) Limited on 24th March 2005 and as Chief Executive Officer on 4th May 2009. Energas is a captive insurance company and a wholly owned subsidiary of PETRONAS.
Benjamin Tausig
Tax Partner, Financial Services
Deloitte & Touche LLP
Ben is a Financial Services Tax Partner with Deloitte in Singapore and leads Deloitte's insurance tax practice in South East Asia with a wider focus on Asia Pacific. He has worked in Singapore, London and New York providing domestic, cross-border and international tax advice.
Ben has more than 15 years' experience in tax advice, mainly to insurance groups. He has significant experience in advising multinational insurance groups on international tax issues, financing, group reorganisations and transfer pricing. In addition Ben has served as an independent tax expert in litigation matters.
Ben has a wealth of experience advising insurance groups and private equity on mergers and acquisitions (buy side and sell side), providing tax due diligence and structuring advice. He also has experience leading multi-disciplinary teams designing and implementing the legal and operating structure of insurance groups either reorganising their operations or entering into new and emerging markets in Asia Pacific and Latin America.
Ben has a bachelor's degree from Magdalene College, Cambridge and is a fellow of the Institute of Chartered Accountants of England and Wales and a member of the Chartered Institute of Taxation.
Ben has a wealth of experience advising insurance groups and private equity on mergers and acquisitions (buy side and sell side), providing tax due diligence and structuring advice. He also has experience leading multi-disciplinary teams designing and implementing the legal and operating structure of insurance groups either reorganising their operations or entering into new and emerging markets in Asia Pacific and Latin America.
Ben has a bachelor's degree from Magdalene College, Cambridge and is a fellow of the Institute of Chartered Accountants of England and Wales and a member of the Chartered Institute of Taxation.
Sean Welsch
Head of Captive Management & Business Development, Zurich Insurance Company Ltd
Sean Welsch is responsible for all captive structures across Asia-Pacific for Zurich Insurance. He has an Accounting Degree and has worked in the insurance industry since 1996 in various capacities from claims to reinsurance. In his current position draws on his extensive knowledge of insurance regulation and taxation and is experienced in structuring international programs and reinsurance solutions to create innovative solutions for customers that address their needs and help manage risk in a more economical fashion.
Shiwei Jin
Global Program & Captive Regional Director, Asia, XL Catlin
Ms. Jin Shiwei is Global Program & Captive Regional Director, Asia, for Xl Catlin. Ms. Jin is responsible for driving Global Program and Captive business as well as developing strong relationships with XL Catlin’s broker partners and clients across Asia. Ms. Jin takes on this expanded role while continuing her position as a key member of the Global Program Centre of Excellence team.
She has over 10 years’ experience in the insurance industry and has a proven track record in working with clients to provide bespoke international solutions and excellent service. She joined XL Catlin in 2007 in China as a Regional Research Manager for Asia and was part of the team which established XL Catlin’s operations in Shanghai. She then moved to London in 2013 to join the Global Program team, where she held roles of increasing responsibility. Shiwei holds a master degree in International Relations.
Raymond Wong
Chairman, Labuan International Insurance Association
Raymond is currently the Chairman of the Labuan International Insurance Association. The Association represents the interests of the over 200 entities which are licensed by the Labuan Financial Services Authority. He also sits on the Board of Labuan IBFC Inc, the official promotional agency for Labuan International Business and Financial Centre.
He entered the Insurance Industry in Malaysia after completing his university education in Canada in 1978. Working in the American Insurance Company (AFIA) Malaysia for over 4 years he went to UK to read Law. In London he worked in Citicorp Insurance Brokers (Lloyds Broker) for over 2 years. In 1987 he returned to Malaysia to set up the Citicorp Insurance Brokers. 1n 1989 he joined Nanyang Insurance Company (Paramount Assurance) as General Manager and subsequently it’s CEO and Board Director. In 1999 he joined Catlin Labuan (Catlin syndicate) as Principal Officer and later Board Director. The merger of XL and Catlin in 2015 saw him appointed as the Country Head for both Catlin and XL legal entities in Malaysia.
He has served as Management Committee member of the General Insurance Association of Malaysia (PIAM), Board member of the Malaysian Insurance Mediation Bureau and Committee member of the National Insurance Association Malaysia (NIAM). He was also a Board Director of the Malaysian National Reinsurance Berhad (MNRB) from 1994 to 1997.
He has served as Management Committee member of the General Insurance Association of Malaysia (PIAM), Board member of the Malaysian Insurance Mediation Bureau and Committee member of the National Insurance Association Malaysia (NIAM). He was also a Board Director of the Malaysian National Reinsurance Berhad (MNRB) from 1994 to 1997.
Organisers
SUPPORTED BY
logo_n-actuarial.jpg)
acca-logo.png){kind=logo}
Recommended hotels
