GIICS AGM and Seminar at Stationers’ Hall, London - Gallery

GIICS AGM and Seminar at Stationers’ Hall, London

Labuan FSA has successfully concluded its participation in the GIICS AGM and Seminar held on 2–3 June at Stationers’ Hall, London. The seminar featured insightful discussions on insurance-linked securities (ILS), recovery and resolution frameworks, digital finance and the growing role of AI in insurance supervision. A key highlight was the PRA’s sharing on the use of AI to monitor emerging industry trends.

Building on its successful FATF Mutual Evaluation, Labuan FSA also shared valuable first-hand perspectives, lessons learned and proven practices with GIICS members with similar upcoming AML assessments. Many requested additional 1-to-1 future dialogues with Labuan FSA to tap on our experience more intimately.

We would like to congratulate En. Syahrul Imran Mahadzir, our Deputy Director-General on his re-election as Asia Pacific representative in the GIICS Executive Committee for another term. To coincide with the GIICS meeting, Labuan FSA team also visited some insurers/brokers’ firms that have Labuan presence to learn more about Managing General Agents (MGAs) and ILS, supporting Labuan IBFC’s efforts to explore new products and opportunities for future growth.