Kuala Lumpur, 13 February 2018 – Leading global trade publication, Captive Review has recently named Farah Jaafar-Crossby, CEO of Labuan IBFC Inc as one of the eight professionals to look out for in the global captive insurance industry. She is the only individual from Asia named in the list and is the first person from Labuan IBFC to ever be named.
The ‘Ones to Watch’ list recognises individuals who are increasingly prominent in the global captive insurance industry and/or expected to have a big impact in their area of expertise in 2018.
According to a statement released by the publication, Farah was chosen for her “existing experience in marketing Labuan IBFC” and thus, “provides her with an ideal starting point to take the jurisdiction to the next level and ensure it becomes the go-to domicile for the region.”
“It’s such an honour to be recognised by a prominent publication such as Captive Review. Indeed, the announcement came as a very pleasant surprise. I believe it’s part of my responsibility to ensure the rate of captive awareness and penetration in Asia continues to grow and together with-it, Labuan IBFC’s influence and leadership in this space. After all, we are catered to the Asian market, so it gives me great pleasure to see Labuan IBFC fast becoming one of the go-to captive jurisdictions in Asia,” said Farah.
She added that there is still a huge potential for captives to grow in the region, especially as interest from Asian corporates, including those from China, has heightened in the last few years.
Farah was appointed as the CEO of Labuan IBFC Inc in January 2018. Prior to her appointment, she was the Director of Market Intelligence and Strategic Communications where she spearheaded the marketing and promotional arm’s initiative to jointly organise the inaugural Asian Captive Conference in 2017 with the Labuan International Insurance Association. The event was well attended and served an educational platform to raise awareness amongst risk managers and C-Suite representatives of the benefits of using self-insurance entity called captives to complement their traditional risk management suite of solutions.
