2023 Asian Captive Conference Attracts 300 Industry Participants

The Asian Captive Conference drew more than 300 participants September 8 to the Sime Darby Convention Centre in Kuala Lumpur, Malaysia.

Attendees at the event, jointly cohosted by Labuan IBFC Incorporated Sdn Bhd (Labuan IBFC Inc.) and the Labuan International Insurance Association (LIIA), included regulators, insurance professionals, investors, and professional service providers from the global captive insurance industry, as well as representatives from government agencies and the news media.

The Asian Captive Conference also saw the involvement of more than 25 sponsors and partners.

The conference included seven sessions led by industry leaders from various fields that focused on the crucial and ever-evolving role captive insurance is playing helping businesses mitigate the various existing and emerging risks confronting them.

Conference sessions addressed such topics as the business and strategic risks present in self-insurance and how to address them, the viability of captive insurance as a tool to manage emerging cyber and employee benefits risks, and a presentation on Labuan's newly revised captive insurance guidelines.

This year's Asian Captive Conference also included a discussion of captives' role in mitigating risks associated with environmental, social, and governance (ESG) issues. Panelists also debated the role of parametric insurance in the process of addressing ESG risks addressing companies' ESG and reputational risk concerns.