SINGAPORE, August 15, 2022--(BUSINESS WIRE)--AM Best will participate in the annual Asian Captive Conference, which will take place on Thursday, 18 August 2022, in Kuala Lumpur, Malaysia.
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," at 9:25 a.m. (MYT). 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 (RRGs) and protected cell captives, in a number of domiciles.
Curtis also will 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 panel discussion will take place at 10:55 a.m. (MYT).
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. This year’s conference is themed as "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. Roy Sharma, chairman, Labuan International Insurance Association, will moderate the captive development panel.
Curtis recently joined AM Best after more than three decades of experience in the insurance industry, and previously was the head of the major groups and technical expert teams at Hong Kong’s Insurance Authority (IA), responsible for the development of Hong Kong’s new group-wide supervision and macro-prudential frameworks. He also is co-CEO of A.M. Best Asia-Pacific (Singapore) Pte. Ltd.
For more information about the Asian Captive Conference, which will take place at the Sime Darby Convention Centre, please visit the event page and agenda.
AM Best remains the leading rating agency of alternative risk transfer entities, with more than 200 such vehicles rated throughout the world. For current Best’s Credit Ratings and independent data on the captive and alternative risk transfer insurance market, please visit www.ambest.com/captive.
AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.
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