Labuan's captive insurance grew 13% to $288m in 1H2019

Pedro Gonçalves
clock • 2 min read

Risk management in the form of self-insurance or captives in on the rise, with four new captive insurers registered in the Labuan International Business and Financial Centre (IBFC) in Malaysia during the first half of 2019, making it the fastest growing captive domicile in Asia and bringing the total number of captives to 51. Labuan's captive insurance business has increased 12.8% to $288m in gross written premiums in June 2019, compared with $255m in the same period last year. Danial Mah, director general of Labuan Financial Services Association (Labuan FSA), said that captives remai...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?