Asia’s Premier International Financial Hub
Asia’s Fastest Growing Insurance and Risk Intermediation Centre

Labuan IBFC’s insurance and risk management sector has grown exponentially over the last three decades. Having started as the primary reinsurance market for domestic Malaysia, it is today a global marketplace with foreign business forming 60.9% of underwritten premiums. Home to more than 220 insurance related licensed entities, the jurisdiction continues to innovate towards meeting the complex demands of reinsurance ecosystem, made even more acute with the onset of the pandemic.

Attend this webinar to better understand Labuan IBFC’s insurance and risk management ecosystem including an overview of its evolution, followed by insights into its market dynamics, offerings, and latest developments. Our panel speakers will also share practical experiences operating as Labuan insurance entities within Asia’s largest and deepest pool of industry players.

Register now to join us at this webinar on Thursday, 11 November at 4.00PM (GMT +8).

  • Annie Undikai

    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 Jaafar

    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.

  • Nick Garrity

    Nick Garrity is a senior executive with over 30 years’ experience in the general insurance and reinsurance industry in Europe and Asia. Nick is Chief Executive Officer of International General Insurance Co. Ltd. (IGI), Labuan Branch moving from Singapore to Malaysia in 2019 to take up this role.

    Nick spent much of his career in the broking sector and served in leadership roles in the UK and Singapore. For the last eight years he has worked for carriers in distribution and senior management roles. Prior to joining IGI he was Head of Sales APAC for Swiss Re Corporate Solutions. Nick has considerable experience of serving on market bodies in addition to the Labuan International Insurance Association Council: in Singapore he was a council member for both the Singapore Insurance Brokers Association (SIBA) and the Reinsurance Brokers Association Singapore (RBAS). In 2011 he established and Chaired the Singapore reinsurance market Contract Certainty Working Group (CCWG), which he still participates in as a member.

  • Roy Sharma

    ​Roy Sharma is the current Chairman of the Labuan International Insurance Association as well as the Principal Officer and Managing Director of Asia Reinsurance Brokers (Labuan) Ltd.

    Other than being the country manager for Malaysia in role at Asia Reinsurance Brokers, he is also responsible for developing and assisting their clients in Asia in certain specialised areas of insurance. His specialised areas include Political, Project & Credit Risk Insurance, Professional Indemnity, Management Liability Insurance, Financial Lines Insurance, Casualty Insurance, Extended Warranty Insurance and Affinity & Niche Solutions.

    He is a sought after speaker and has presented a variety of papers in conferences and conducted numerous training seminars for insurance companies and insurance buyers around the region.

    Roy also serves as the President Commissioner of PT ARB Indonesia and a Board member of ARB’s parent company.

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Stay ahead of the game
Access a wealth of information from Labuan IBFC from reports on forward-thinking research to insightful articles.
Get in touch
Interested to setup your business in Labuan? Speak to our dedicated advisors to find out more.
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