The ART of Risk Management
ALPS Insurance PCC Incorporation (“Alps Insurance”), the risk management entity of Alps Global Holding Berhad (“Alps Global”), is in the captive business, including inter alia, areas covering insurance and reinsurance. The core activities of Alps Insurance are in the identification, quantification and evaluation of risks for Alps Global group of companies, associates and members.
As the centre of Alps Global risk and insurance placement platform, Alps Insurance manages both risk exposures and cash flows by securing overall savings in premium costs through the use of up-todate risk solution techniques.
With readily available information on insurance claims, Alps Insurance is in a position to make strategic risk management decisions to optimise our insurance structures and programmes.
As a captive, Alps Insurance is an insurance company regulated by Labuan Financial Services Authority (“LFSA”). Having access to the global wholesale reinsurance market, it allows us to negotiate directly or through insurance brokers for competitive premium rates and favourable terms when there is an excess risk capacity and competition within the reinsurance market.
Labuan International Business and Financial Centre (Labuan IBFC), Malaysia, through our internationally recognised yet business-friendly legal framework, is the preferred international business and financial centre in Asia. Established in 1990, Labuan IBFC is regulated by the Labuan Financial Services Authority (Labuan FSA), statutory Regulator under the purview of the Ministry of Finance, Malaysia. As a midshore jurisdiction, we offer global investors and businesses the benefits of being in a well-regulated and supervised jurisdiction, which adheres to international standards of compliance in tax transparency. We also provide fiscal neutrality and certainty in a currency neutral operating environment. Labuan IBFC, located in the centre of Asia, boasts a cost-efficient enabling environment making it an ideal location for substance creation for both global businesses looking at penetrating Asia or Asian entities aiming to go global.
Offering a wide range of business structures and investment solutions catered to cross-border transactions and international business dealings including fintech related solutions. We also provide services and solutions in niches such as risk management, commodity trading, reinsurance, wealth management, international business companies and Islamic financial services. Operating with clear and comprehensive legal provisions, guidelines and practice notes, enforced by a single regulator, Labuan FSA, Labuan IBFC provides an ideal jurisdiction for both corporates and high-net-worth individuals with international exposure.
For updates on Labuan IBFC, follow them on Twitter or @LabuanIBFC. Alternatively, visit https:// www.labuanibfc.com
For information on Labuan FSA, visit https://www.labuanfsa.gov.my
Source: Labuan IBFC Inc.
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