Cover Image

Labuan Financial Service Authority (Labuan FSA) impact reinsurance company’s profit in Malaysia / Noor Atikah Kadir

The insurance involves three parties operating the business. It is including the primary insurance, intermediaries and reinsurance. The main functions of reinsurance are to retain the large premium risk, spread the hazardous risk and the fluctuation of the annual aggregate claims experience by the p...

Full description

Saved in:
Bibliographic Details
Main Author: Kadir, Noor Atikah
Format: Student Project
Language:English
Published: Faculty of Business and Management 2010
Subjects:
Insurance business. Insurance management
Online Access:http://ir.uitm.edu.my/id/eprint/27498/1/PPb_NOOR%20ATIKAH%20KADIR%20BM%20M%2010_5.pdf
http://ir.uitm.edu.my/id/eprint/27498/
Tags: Add Tag
No Tags, Be the first to tag this record!
id my.uitm.ir.27498
record_format eprints
spelling my.uitm.ir.274982020-04-17T12:49:40Z http://ir.uitm.edu.my/id/eprint/27498/ Labuan Financial Service Authority (Labuan FSA) impact reinsurance company’s profit in Malaysia / Noor Atikah Kadir Kadir, Noor Atikah Insurance business. Insurance management The insurance involves three parties operating the business. It is including the primary insurance, intermediaries and reinsurance. The main functions of reinsurance are to retain the large premium risk, spread the hazardous risk and the fluctuation of the annual aggregate claims experience by the primary insurer. (Carter, Reinsurance: The Purpose of the Reinsurer, 1979) In some countries, the reinsurance practiced by two way of business which are offshore and inshore authority. Basically, in the inshore regulation, the reinsurance company imposed all the rules and taxes. An offshore enjoyed tax-exempt and these companies not authorized to engage in business in the constituting jurisdiction. Bermuda Island, Cayman Island and Labuan Island are some example for offshore authority island in the insurance business. There are about 10 reinsurance companies in Malaysia before Malaysia Reinsurance Berhad (Malaysian Re) was formed in 1972. Next, Bank Negara Malaysia (BNM), the body that regulates, authorize and supervise all the insurance-based companies in Malaysia announced the fixed rates of certain business portfolio compulsory to be retain to Malaysian Re. As a result, the market share of other reinsurance drops drastically. Some of this reinsurance surrendered their license while some registered under Labuan Financial Service Authority (Labuan FSA). Therefore, only five (5) reinsurance left in Malaysia. It includes Munich Reinsurance, Toa Reinsurance, Swiss Reinsurance, Hannover Reinsurance as well as Malaysian Re. On 2006, Asia Capital Reinsurance joined the reinsurance business and makes the total reinsurance company to six (6) until now. Faculty of Business and Management 2010 Student Project NonPeerReviewed text en http://ir.uitm.edu.my/id/eprint/27498/1/PPb_NOOR%20ATIKAH%20KADIR%20BM%20M%2010_5.pdf Kadir, Noor Atikah (2010) Labuan Financial Service Authority (Labuan FSA) impact reinsurance company’s profit in Malaysia / Noor Atikah Kadir. [Student Project] (Unpublished)
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
topic Insurance business. Insurance management
spellingShingle Insurance business. Insurance management
Kadir, Noor Atikah
Labuan Financial Service Authority (Labuan FSA) impact reinsurance company’s profit in Malaysia / Noor Atikah Kadir
description The insurance involves three parties operating the business. It is including the primary insurance, intermediaries and reinsurance. The main functions of reinsurance are to retain the large premium risk, spread the hazardous risk and the fluctuation of the annual aggregate claims experience by the primary insurer. (Carter, Reinsurance: The Purpose of the Reinsurer, 1979) In some countries, the reinsurance practiced by two way of business which are offshore and inshore authority. Basically, in the inshore regulation, the reinsurance company imposed all the rules and taxes. An offshore enjoyed tax-exempt and these companies not authorized to engage in business in the constituting jurisdiction. Bermuda Island, Cayman Island and Labuan Island are some example for offshore authority island in the insurance business. There are about 10 reinsurance companies in Malaysia before Malaysia Reinsurance Berhad (Malaysian Re) was formed in 1972. Next, Bank Negara Malaysia (BNM), the body that regulates, authorize and supervise all the insurance-based companies in Malaysia announced the fixed rates of certain business portfolio compulsory to be retain to Malaysian Re. As a result, the market share of other reinsurance drops drastically. Some of this reinsurance surrendered their license while some registered under Labuan Financial Service Authority (Labuan FSA). Therefore, only five (5) reinsurance left in Malaysia. It includes Munich Reinsurance, Toa Reinsurance, Swiss Reinsurance, Hannover Reinsurance as well as Malaysian Re. On 2006, Asia Capital Reinsurance joined the reinsurance business and makes the total reinsurance company to six (6) until now.
format Student Project
author Kadir, Noor Atikah
author_facet Kadir, Noor Atikah
author_sort Kadir, Noor Atikah
title Labuan Financial Service Authority (Labuan FSA) impact reinsurance company’s profit in Malaysia / Noor Atikah Kadir
title_short Labuan Financial Service Authority (Labuan FSA) impact reinsurance company’s profit in Malaysia / Noor Atikah Kadir
title_full Labuan Financial Service Authority (Labuan FSA) impact reinsurance company’s profit in Malaysia / Noor Atikah Kadir
title_fullStr Labuan Financial Service Authority (Labuan FSA) impact reinsurance company’s profit in Malaysia / Noor Atikah Kadir
title_full_unstemmed Labuan Financial Service Authority (Labuan FSA) impact reinsurance company’s profit in Malaysia / Noor Atikah Kadir
title_sort labuan financial service authority (labuan fsa) impact reinsurance company’s profit in malaysia / noor atikah kadir
publisher Faculty of Business and Management
publishDate 2010
url http://ir.uitm.edu.my/id/eprint/27498/1/PPb_NOOR%20ATIKAH%20KADIR%20BM%20M%2010_5.pdf
http://ir.uitm.edu.my/id/eprint/27498/
_version_ 1685650281255141376
score 13.211869

Similar Items