Management in LabuanChallenge Group has positioned itself as a specialist underwriting manager in Labuan, Malaysia where we provide services to manage and represent insurance and reinsurance companies including captive insurers registered in Labuan.
Our experience and in-depth knowledge and understanding of the international insurance and reinsurance industry ensure that we are fully equipped to act as a professional manager in Labuan by facilitating the requirements of our Clients in the areas of:
a) License application
b) General administration and management services
- Accounting (including technical accounting)
- Treasury & cash flow management
- Statutory & regulatory compliance
- Administration & human resource
- Record keeping
c) Underwriting support
d) Claims management
e) Actuarial, risk analysis & profiling
f) Corporate Governance matters
g) Dispute resolution
h) Assistance in achieving international financial ratings
Our aim is to be an effective, productive and proactive Underwriting Manager providing our clients with the most efficient and effective services at the most cost effective terms not just in Labuan or Asia but wherever we are represented.
Challenge Group is active in Asia, Russia, Eastern Europe, Middle East and South America. We are well versed in the various regions' demand and appetite for reinsurance and are therefore constantly seeking business opportunities for our clients. We have strong links with local insurers and intermediaries and work to facilitate their reinsurance capacity requirements. We will be happy to offer our Clients selected business from those areas in which they have a specific interest.
Our package of management services includes assistance with marketing requirements such as arranging for meetings with key market participants , providing and supporting logistics requirements, enabling discussions on the Client's behalf particularly as regards technical matters involving claims and underwriting and extending to organizing small conferences or functions etc.
Our local knowledge, presence, good working relationship with the authorities and relevant service providers will ensure that our proposals are simple to implement and attractive for our clients.
With these abilities, we are convinced that there will be greater opportunities to support and to work together, growing and strengthening our Client's business development strategy.
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