Retakaful Window Facility Launched by Munich Re Syndicate Labuan

Munich Re Syndicate Labuan Limited (MRS Labuan) announced the launch of the first and only Retakaful syndicate on the Labuan platform on the 19th of April 2021. MRS Labuan received approval for the Retakaful window from the Labuan Financial Services Authority to write Shariah-compliant risks, effective January 2021. MRS Labuan is collaborating with its existing clients to refine wordings that align to retakaful requirements and is also seeking ways to digitalise its distribution model to serve evolving client demands.

Why it Matters?

James Ng, Managing Director, MRS Labuan stated that pandemic-induced disruptions have presented opportunities for production evolution and market diversification. Therefore, using its in-depth understanding of the ‘...