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Quick Cover! Turnkey Self-Insurance Solutions via Cell Captives
From a risk manager’s point of view, the pandemic could not have descended at a worse time. As the market was already “hard” (read: expensive) with reinsurers being selective in the risk profiles they would cover, the natural move into self-insurance, seemed logical. However, as many risk managers will share, setting up a pure single parent captive can be time consuming. Hence, the use of cell captives has seen an unprecedented surge globally.

Join us as we consider the Asian risk landscape both currently and post COVID-19, and deliberate how it may affect your risk mitigation strategies. This will be followed by a panel of industry experts and practitioners in self-insurance, who will discuss how cell captives may indeed be the solution towards developing a customised risk management programme.

Register now to join us on Thursday, 29 July 2021 at 4.00PM (GMT +8).


    Abdul Halim Jantan FMII, aged 63, is a Malaysian citizen who currently sits on various private company boards and two public listed company boards.

    A 41-year old veteran in the practice of Risk Management and Risk Transfer, the art and science of developing an insurance solution has always been a passionate and enjoyable part of his life. He started working with the insurance industry at twenty-two and was interested in all facets of insurance be it life or general, particularly the engineering class which never ceased to amaze him. Since then, he has evolved into becoming an entrepreneur with other business interests taking a third of his time, whilst he remained centrally focused in Insurance Advisory and Risk Management services. It has given him 'across the board' hands-on experience and the leading-edge to craft his insurance consultancy and transactional business to forge ahead of the curve.

    As a pastime indulgence, he thoroughly enjoys endurance sport, hence a triathlete at heart, with swimming and cycling being his biggest passion. Truly his day is not complete without doing one or the other, six days a week. Somewhere in between, playing and walking nine holes in the golf course takes precedence occasionally.

    He hopes to pass down to future generations the same love for ‘business enterprise’, that he passionately inherited from his revered predecessors.


    Annie Undikai is the Founder and Group Managing Director of Brighton International Group Limited and has over 20 year of professional career in the insurance industry.

    The overall increased in the awareness on the many benefits of captives as a risk management solution is expected to drive new captive formations, especially in Asia. In tandem with this changing business landscape, Annie set up a wholly-owned PCC aimed at providing prospects an easy and low-cost route into captive for flexibility in insurance coverage and access to the reinsurance market. Established in 2020, Park Lane PCC Limited is a Labuan Captive Insurer with Takaful Window and licensed under the Labuan Financial Services and Securities Act 2010 vide a Labuan Protected Cell Company.

    Annie graduated with a BA (Hons) in Accounting and Computing from the University of Kent, UK. She joined Hanafiah Raslan & Mohamad as an auditor in 1983 and moved to Evergloss Group of Companies three years later to take on the position as its Group Financial Controller.
    She carved out her career in the insurance industry when she joined Etiqa Offshore Insurance (L) Ltd as the Head of Operations and Marketing in 1998. After a brief stint at Asian Runoff Management Services Sdn Bhd, Annie made the bold decision to branch out on her own and founded Brighton Management Limited in 2005.


    Farah is the Chief Executive Officer of Labuan IBFC Incorporated, a wholly owned subsidiary of Labuan Financial Services Authority, the statutory Regulatory Authority for Labuan International Business and Financial Centre, operating under the purview of Ministry of Finance, Malaysia. Labuan IBFC Incorporated serves as the jurisdiction’s official market development agency.

    A seasoned strategic communication, market development and financial services professional, she brings with her experience spanning more than 25 years in wholesale financial services, putting her in good stead to develop Labuan IBFC as Asia’s go-to mid-shore wholesale financial intermediation centre.

    Formerly attached to the Asian Institute of Finance and Bursa Malaysia (Malaysia’s national stock exchange), Farah has served in numerous senior market development and strategic communications roles.

    She has also represented the Association of Stock Broking Companies Malaysia, a nationwide industry led lobby group representing Malaysian stockbrokers during the demutualisation exercise of the national exchange, allowing her a unique hands-on experience surrounding high strategic level issues relating to multiple stakeholder management, eco-system curation and long-term strategic business strategy.

    Passionate about equality, financial inclusion and win-win partnerships, she strongly believes that “a rising tide lifts all boats”. Farah has an LLB (Hons) from Sheffield University, United Kingdom.


    Mr. Firas El Azem, born 1963 in Cologne, Germany is a graduate of Business Administration (Dipl. Kfm.) from the University of Cologne and brings with him 30 years of experience in the Reinsurance and Insurance (Conventional and Takaful) industry.

    He began his career with Munich Re, Munich in 1991 and worked within the Group for 14 years in different positions, including marketing and underwriting. In early 2000 he was transferred to Munich Re, Hong Kong Branch as Manager of the Marine Department, with the responsibility for the Chinese market. 2003, Mr. El Azem assumed the position of CEO/General Manager of Munich Re’s Kuala Lumpur Branch. He promoted, during his stay in Malaysia, the idea of establishing a ReTakaful Unit and was given responsibility for coordinating the company’s ReTakaful activities in South East Asia and beyond.

    He left Munich Re in 2006 to participate in the formation of the private insurance industry in Syria. Mr. El Azem led the establishment of a conventional insurance company (Arope Syria) and a Takaful operator (Al Aqeelah Takaful) as their General Manager. He left Syria late 2012. After a short stay in Kuwait, he became mid-2013 the SEO/GM of Takaful Re Limited, Dubai a subsidiary of the Arab Insurance Group, Bahrain (ARIG).

    He worked early 2016 for Munich Health Daman Holding, Abu Dhabi as a Senior Advisor and rejoined ARIG Group, this time at the Head Office in Bahrain, in Oct. 2016 to become its General Manager – Reinsurance in Jan. 2017.

    Mr. El Azem recently returned to Cologne, Germany to establish FEA Versicherungsmakler GmbH an insurance broking company. The focus of this start up is to provide Reinsurance broking and consulting services for insurance companies from the MENA region in addition to direct insurance services focusing on the Arabic speaking population in Germany.


    Oliver brings more than 30 years of captive and ART experience to his clients. He has held a number of executive positions in the global captive and ART sectors since the mid-1980s. He started his career at Alexander Howden in 1986 before moving to Aon in 1996, to RKH Reinsurance Brokers in 2012, to RFIB Group in 2016 before joining Principal Re Limited’s Captive & ART consulting team in 2018.

    His particular area of focus has been the incorporation and reinsurance of captives, cell captives and association captives and a myriad of ART structures for a range of different industries from across the world. Specifically in Asia, he has worked with clients in China, Indonesia, Taiwan, Singapore, Malaysia, Thailand, Vietnam and the Philippines. Oliver has been a speaker at numerous captive and ART industry conferences and has published on topics including the Global, Asian, European and American insurance and reinsurance markets, Captives and ART.

    Oliver graduated from the University of Southampton with a BA (Joint Honours) in French and English.


    Khai Jhek is a senior economist at RAM Rating Services Berhad (RAM Ratings). As part of the research unit, he undertakes macroeconomic analysis and projections on the Malaysian economy and contributes to the production of the bi-annual Economic Outlook publication as well as other topical commentaries and research papers.

    Khai Jhek is also responsible for the production of the Bond Market Monthly, which reviews the performance and prospects of the Malaysian fixed-income market. In addition to this, he generates economic projections and house views on various topics for clients and news outlets. He also participates in consultancy and research assignments and contributes to macroeconomic modelling and business confidence surveys.

    Prior to joining RAM, Khai Jhek had been a research analyst at CEIC, a global economic database provider, covering countries in Asia and the Americas. He was responsible for the production of CEIC’s Global Macro Watch and India Data Talk monthly publications, as well as News@lert.

    Khai Jhek holds a BSc in Economics with an Academic Minor in Applied Statistics from the University of Michigan in Ann Arbor, Michigan. He is also a CFA Charterholder.

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