The Labuan International Insurance Association was registered with the Registrar of Societies on 25th May 1998.
Insurer & Reinsurer
Specialist insurance company’s which exclusively provide insurance protections to insurance companies are called reinsurance companies.
An insurance broker is a person or a company that sources contracts of insurance on behalf of its customers. An insurance broker acts as an intermediate between clients and insurance companies.
Captive insurance companies are insurance companies established with the specific objective of financing risks emanating from their parent group or groups, but they sometimes also insure risks of the group’s customers as well.
An underwriting manager is a licensed insurance entity which uses its specialized skills and knowledge in a particular class of insurance to act on behalf of one or more reinsurer.