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KUALA LUMPUR, Aug 15 (Bernama) -- Global credit rating agency AM Best will participate in the annual Asian Captive Conference, which will take place on Aug 18, 2022 in Kuala Lumpur.
This year’s conference is themed ‘Embracing Change and Accelerating Growth: The Way Forward for Self-Insurance’ and aims to highlight how the risk professionals are increasing their use of self-insurance in response to rapidly changing insurance market conditions.
According to a statement, Rob Curtis, managing director of market development for the Asia-Pacific region at AM Best, will deliver a presentation at the event, titled, ‘A Closer Look at Global Trends in Captive Insurance’.
Globally, commercial insurance rate increases have been driving an uptick in new captive formations, with greater utilisation of existing captives, particularly as the industry reacts to losses resulting from the COVID-19 pandemic.
The presentation will focus on these trends and other leading issues. AM Best rates more than 200 alternative risk transfer entities, including single-parent and group captives, risk retention groups and protected cell captives, in a number of domiciles.
Curtis will also join a panel, titled, ‘Captive Developments in Asia’, to discuss what captive insurance industry participants are seeing across the industry, including emerging risk and regulatory developments as well as key growth industries for potential captive formations.
The Asian Captive Conference is hosted jointly by the Labuan International Insurance Association and the Labuan International Business and Financial Centre, and is dedicated to the development of self-insurance in the region.
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