Captive insurance market still underexplored

Captive insurance market still underexplored. [Newspaper] (2017)


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
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