Although the concept of self-insurance vehicles such as captives is relatively new in Asia, the industry has been long-established with over 6,600 captive insurance companies worldwide. With only a small proportion of these captives – approximately 200 companies – domiciled in Asia Pacific, many Asian businesses still stand to gain from learning about the benefits of self-insurance.
Effectively, the process of forming a self-insurance vehicle such as a captive will allow a deeper understanding of your corporation and its risk profile as it facilitates the identification of key business risks.
Come and join us to learn how captives can be specifically tailored to your business, transforming your insurance from a business cost to a risk management initiative; as well as domiciling captives in Labuan International Business and Financial Centre.
Tadayoshi Otsuka is a professor at Graduate School of Accountancy, Waseda University. He has been in charge of pricing and risk management in life insurance and reinsurance companies since 1981 and was appointed as the product development executive in a foreign life insurance company.
After leaving the company, he was a researcher at Waseda University Research Institute on Insurance Supervisions and Regulations, and an assistant professor at Waseda University Graduate School of Commerce before being appointed to his current position in 2018. His specialties are actuarial science, risk management, insurance mathematics and financial engineering. He holds a PhD Degree in Economics and a Fellow of the Institute of Actuaries of Japan.