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Captives no longer just relevant to large corporates, says BNM governor

Mimi Sabreena 4:52:00 PM Informasi

KUALA LUMPUR (Aug 16): The captive insurance industry is no longer just relevant to large corporates as captives are seen as a creative and efficient risk transfer solution that address different industry and companies' unique business needs, says Bank Negara Malaysia governor Datuk Seri Muhamad Ibrahim.

It could also be a powerful catalyst for more mature risk management practices and culture among small and medium enterprises (SMEs), Muhamad said in his keynote address at the Asian Captive Conference 2017.

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