Captive insurance market still underexplored. [Newspaper] (2017)
Abstract
The captive insurance industry is significantly under-penetrated despite lower risk burden, said Labuan IBFC Inc chief executive officer Danial Mah Abdullah.
“The Asian market for captive is relatively unexplored and the potential for growth is immense. The penetration level is low at the moment with only 2.3 per cent out of the total number of 6,939 captives established worldwide (according to Business Insurance 2016) and we believe the Asian captive market will continue to grow at a steady pace,’ Danial said.
Asian corporations, he added, are viewing captives as a viable alternative of risk management tool and the number who appreciates this concept is growing.
| Item Type: | Newspaper |
|---|---|
| Keywords: | Macroeconomics |
| Taxonomy: | By Subject > Business & Management > Economics By Subject > Business & Management > Finance By Subject > Business & Management > Management By Subject > Business & Management > Marketing |
| Local Content Hub: | Subjects > Business & Management |
| Depositing User: | Muhammad Azrul Ayob |
| Date Deposited: | 01 Aug 2021 12:32 |
| Last Modified: | 01 Aug 2021 12:32 |
| Related URLs: |
Actions (login required)
 |
View Item |