A Labuan insurance manager licence authorises the holder to provide management and administrative services to licensed insurance entities. This includes policy administration, compliance oversight, reporting services and operational support. 

Ideal for:

• Third-party administration of insurance portfolios

• Providing governance and operational infrastructure to insurers

• Supporting compliance and reporting under Labuan FSA regulatory frameworks

A Labuan underwriting manager licence enables the holder to provide underwriting services for Labuan insurers, including oversight of risk acceptance, policy issuance and portfolio management. This licence supports insurance entities by managing underwriting operations on their behalf. 

Key features:

• Does not itself underwrite risk but administers underwriting functions

• Requires fit and proper key personnel and operational readiness

• Operational office or manager appointment may be required

We also support applications for full insurance licences, including:

• General insurance (non-life) covering accident, medical, property and liability risks

• Life insurance covering life and contingent events

• Reinsurance business enabling risk transfer relationships with other insurers

These licence types typically require:

• Higher minimum paid-up capital or working funds 

• A structured management office in Labuan or appointment of a licensed underwriting manager

• Fit and proper directors, control persons and principal officers

• Membership in the Labuan International Insurance Association and other operational requirements

Labuan is internationally recognised as a leading domicile for captive insurance structures, offering a regulated yet commercially practical platform for corporations seeking greater control over their risk financing strategies.

A Labuan captive insurer is typically established by a parent company or group to insure its own risks (and sometimes related parties’ risks), enabling more efficient risk management, cost control and governance.

Common uses of Labuan captive insurance include:

• Self-insurance for multinational groups

• Employee benefits and medical risk pooling

• Professional indemnity and liability programmes

• Supply chain and trade risk management

• Cyber risk and emerging risk coverage

• Group-wide risk financing optimisation

Key advantages of a Labuan captive:

• Regulated framework under Labuan FSA 

• Greater transparency and governance over risk programmes

• Potential long-term cost efficiencies compared to commercial insurance markets

• Flexibility to design bespoke coverage aligned with the group’s actual risk profile

• Suitable for corporates across Asia, the Middle East and international markets

Typical regulatory expectations for captive insurers include:

• Clear business rationale and risk strategy

• Appropriate minimum paid-up capital / working funds

• Fit and proper directors and key officers

• Use of a licensed Labuan insurance manager

• Ongoing compliance, governance and reporting obligations