The accompanying article was published by Japan-based Hoken Mainichi Shinbu on 20 December 2023. The article features an interview between the newspaper and Datuk Iskandar Mohd Nuli, Executive Chairman cum CEO of Labuan IBFC Inc. Sdn Bhd. during his trip to Japan in October 2023.
The interview commences with an overview of Labuan IBFC, its unique propositions and the international business and financial centre’s key focus areas over the next five years. It then shines a spotlight on Labuan IBFC’s positioning as a regional captive hub, and the contributing factors to this success – a strong regulatory framework governing the captive sector, diverse captive products to suit the needs of various companies at different growth stages and a comprehensive risk management ecosystem to support captives, among others.
The interview then lists out the advantages of establishing captives and ends with highlights of Labuan IBFC’s milestones within the captive space, including the jurisdiction’s flagship captive event and captive innovations as well as captive accolades received.
Article written by:
Kenji Komura
Director of Press Department
The Hoken Mainichi Shinbun Co. Ltd.
(Insurance Daily News Company)