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2020 has seen risk management being stretched to its limits with the global outbreak of COVID-19, against the backdrop of an even harder, more expensive reinsurance landscape. Now, more than ever, companies need a way to mitigate corporate risks efficiently and effectively, and this is where the concept of self-insurance is proving its worth. In Asia, the concept of self-insurance vehicles such as captives and protected cell companies is relatively new, although it has long been established globally. Globally there are over 7,000 captive insurance companies worldwide currently, and a surge in the number of protected cell companies in recent years. Come join us to discover the features and benefits of these structures from our subject matter experts, who will provide an overview and share case studies, highlighting the advantages of self-insurance for Japanese entities including digital start-ups and fintech players.
Farah Jaafar-Crossby is the Chief Executive Officer of Labuan IBFC Incorporated Sdn Bhd (LIBFC Inc.), the official promotion and marketing agency for Labuan International Business and Financial Centre (Labuan IBFC) since January 2018. She brings with her more than 20 years of experience in capital markets and the wholesale financial services sector, putting her in good stead to promote Labuan IBFC as the preferred midshore jurisdiction in Asia Pacific.
Farah was formerly attached to the Asian Institute of Finance and Bursa Malaysia, where she was involved in senior market development and strategic communications roles. She also managed the Association of Stock Broking Companies Malaysia, the industry lobby group representing Malaysian stockbrokers, allowing her a unique insight and hands on experience with issues surrounding multiple stakeholder management. Farah has a LLB (Hons) from Sheffield University, United Kingdom.
Chief Executive Officer
Naoyoshi Araki is the Representative Director at Japan Risk Specialist Limited. After he graduated from the Faculty of Economics, Keio University in 1986, he started his career as a financial derivatives trader at an American securities company. In 1998, after 10 years of working as a financial derivatives trader, he started working for a German reinsurance company, where he mainly focused on reinsurance underwriting and assessment work of engineering insurance, and property insurance.
In 2007, he started working for Aon Risk Specialist Limited, where he was first engaged in the reinsurance broking business and subsequently appointed as the President of the same company in 2008. In 2009, with the change of shareholders of the company, he became the Representative Director at Japan Risk Specialist Limited.
Japan Risk Specialist
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