Interested to become a CAB member? Discover how you can start your membership application process today.
Why Should You Become a Member?
Being in CAB's digital ecosystem has its benefits. Here are some of the reasons for your consideration.
• Simplifies settlement for both facultative reinsurance and coinsurance businesses • Structured processes, standard guidelines and fixed turn-around time • Secured on-line channel and on-time settlement • Unlimited users and accessible via registered IP Addresses
You can benefit from CAB's web-based systems if you fall within any of the categories:
Insurers
Reinsurers
Takaful Operator
Retakaful Operator
Jointly Funded by Members, for Members
Insurers & Reinsurers
28
Takaful & Retakaful Operators
7
Brokers
17
Offshore Reinsurers & Brokers (Labuan based)
25
Testimonials
"CAB's centralised system makes the entire process easier for all of us. No more simple errors that delays settlement claims process. It's simply convenient."
"Our company has benefited a lot from using CABCO. The best thing for us is the level of service. Any institution in the reinsurance business should become a member."
"This is a great example of the people in the industry taking initiative to help each other. CAB's web-based system changed the entire landscape of facultative reinsurance & co-insurance."
CAB Board Members
Our Members
Insurers (21)
• AIA General Berhad • AIG Malaysia • Allianz General Insurance (Malaysia) Berhad • AmGeneral Insurance Berhad • AXA Affin General Insurance Berhad • Berjaya Sompo Insurance Berhad • Chubb Insurance Malaysia Berhad • Etiqa General Insurance Berhad • Great Eastern General Insurance (Malaysia) Berhad • Liberty Insurance Berhad • Lonpac Insurance Bhd • MPI Generali Insurans Bhd • MSIG Insurance (Malaysia) Berhad • Pacific & Orient Insurance Co. Bhd • Progressive Insurance Bhd • QBE Insurance (Malaysia) Berhad • RHB Insurance Berhad • The Pacific Insurance Berhad • Tokio Marine Insurans (Malaysia) Berhad • Tune Insurance Berhad fka Oriental Capital Assurance Bhd • Zurich General Insurance Malaysia Berhad
Reinsurers (7)
• Ambra Versicherung AG, Malaysia Branch • Asia Capital Reinsurance Sdn Bhd • Hannover Rueckversicherung AG • Malaysian Reinsurance Berhad • MERIC – Malaysian Aviation Pools / Market Pools • Swiss Reinsurance Company • The Toa Reinsurance Company Limited
Takaful Operators (4)
• Etiqa General Takaful Berhad • Syarikat Takaful Malaysia Am Berhad • Takaful Ikhlas General Berhad • Zurich General Takaful Malaysia
• Allied World Assurance Company Ltd • Helvetia Swiss Insurance Company Ltd • General Insurance Corporation of India • Kuwait Reinsurance Company • Labuan Reinsurance (L) Ltd • Munich Re Syndicate Labuan Ltd • Swiss Re Corporate Solution Ltd • Taiping Reinsurance Co. Ltd
Our Brokers
Brokers (17)
• Alloy Insurance Brokers Sdn Bhd • Anika Insurance Brokers Sdn Bhd • Antah Insurance Brokers Sdn Bhd • BIB Insurance Brokers Sdn Bhd • Howden Insurance Brokers Sdn Bhd • Jardine Lloyd Thompson Sdn Bhd • Malene Insurance Brokers Sdn Bhd • Marsh Insurance Brokers (M) Sdn Bhd • Marsh Takaful Brokers (M) Sdn Bhd • Sime Darby Locton Insurance Brokers Sdn Bhd • State Insurance Brokers Sdn Bhd • Sterling Insurance Brokers Sdn Bhd • Tradewinds International Insurance Brokers • Transnational Insurance Brokers (M) Sdn Bhd • Perinsuran (Brokar) Sdn Bhd • Willis Malaysia Sdn Bhd • MIT Insurance Brokers Sdn Bhd
Offshore Brokers (Labuan) (17)
• ADDI Bluecircle Limited (f.k.a Blue Water Limited) • AFR Asia Pacific Ltd • Al Wasl Insurance Brokers Limited • Aon Benfield Malaysia Ltd • Acurra International Limited • Asia Reinsurance Brokers Labuan Ltd • Bib Asia (L) Bhd • CH Global (L) Limited • Covers International Limited • Guy Carpenter & Company Labuan Ltd • HLAP Limited • Hub Risk Solutions Limited • J Re Ltd • Pana Harrison (Labuan) Ltd. • Principal Re Limited • PWS Labuan Ltd • UIB Asia Labuan Ltd
Membership Contribution
The cost of development and operations of the CAB systems are jointly funded by our members. This is how it works.
Insurer, Reinsurer, Takaful or Retakaful Operator
Joining fee
One-off payment MYR41,465.00
Annual fee
MYR7,195.00
Monthly fee
-
Levy charges
0.2% from RI Accepted Nett Premium Amount
Transaction charges
MYR1.00 per posted transaction (policy, endorsement, claim advice, claim settlement and debit/credit note) from RI.
Broker
Joining fee
-
Annual fee
MYR1,500.00
Monthly fee
MYR50.00 (paid on an annual basis i.e MYR600.00)
Levy charges
-
Transaction charges
-
Applying for a Membership
Ready to join the CAB system? Click the ‘Apply now’ button to submit your application with the required documents.
Required documents
1. Written Confirmation to become CAB Member 2. Company Profile 3. Memorandum and Articles of Association 4. Board Resolution authorising a Principal Officer to sign the CAB Administrative Agreement 5. Signed Deed of Assention 6. Completed Certificate of Principal Officer 7. Identification Card Of Directors, Chief Executive Officer and Chief Operation Officer 8. Fit and Proper Policy Procedure
How long does a typical application process take?
Application process may take up 2 to 4 weeks. Feel free to get in touch with us for any questions.
For inquiries email us at cab@malaysian-re.com.my or call us at +60 3 2096 8000.
Operating hours Monday to Friday: 9am - 6pm
Applying for a Membership
Ready to join the CAB system? Click the ‘Apply now’ button to submit your application with the required documents.
Required documents
1. Written Confirmation to become CAB Member 2. Company Profile 3. Memorandum and Articles of Association 4. Board Resolution authorising a Principal Officer to sign the CAB Administrative Agreement 5. Signed Deed of Assention 6. Completed Certificate of Principal Officer 7. Identification Card Of Directors, Chief Executive Officer and Chief Operation Officer 8. Fit and Proper Policy Procedure
How long does a typical application process take?
Application process may take up 2 to 4 weeks. Feel free to get in touch with us for any questions.
