Protected Cell Companies: An Affordable Self-Insurance Solution for Pandemic Times?

[Webinar in English and Japanese]

2020 has seen risk management being stretched to its limits with the global outbreak of COVID-19, against the backdrop of an even harder, more expensive reinsurance landscape. Now, more than ever, companies need a way to mitigate corporate risks efficiently and effectively, and this is where the concept of self-insurance is proving its worth.

In Asia, the concept of self-insurance vehicles such as captives and protected cell companies is relatively new, although it has long been established globally. Globally there are over 7,000 captive insurance companies worldwide currently, and a surge in the number of protected cell companies in recent years.

Come join us to discover the features and benefits of these structures from our subject matter experts, who will provide an overview and share case studies, highlighting the advantages of self-insurance for Japanese entities including digital start-ups and fintech players.

Register now and join us at this webinar on Thursday, 15 October at 3.00PM (GMT +8)

Speakers
  • 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.

  • Naoyoshi Araki

    Naoyoshi Araki is the Representative Director at Japan Risk Specialist Limited. After he graduated from the Faculty of Economics, Keio University in 1986, he started his career as a financial derivatives trader at an American securities company. In 1998, after 10 years of working as a financial derivatives trader, he started working for a German reinsurance company, where he mainly focused on reinsurance underwriting and assessment work of engineering insurance, and property insurance.

    In 2007, he started working for Aon Risk Specialist Limited, where he was first engaged in the reinsurance broking business and subsequently appointed as the President of the same company in 2008. In 2009, with the change of shareholders of the company, he became the Representative Director at Japan Risk Specialist Limited.

  • Daisaku Okada

    Daisaku Okada joined Larkin and Associates in 2019, where he specialises in corporate tax for foreign companies with Japanese subsidiaries/branches as well as international tax consulting.

    Prior to that, he had worked for Tokyo Regional Taxation Bureau since 1993. During that time, he held positions in various governmental agencies including Economic and Social Research Institute, Tax Commission under the Cabinet Office, and Investigation Department at the Tax Bureau. He also conducted governmental investigations and research works regarding Advance Pricing Arrangement as the chief of the audit team, transfer pricing, and corporate tax.

    He holds a B.A. in Economics from Kyushu University.

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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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