LIIA PARTICIPATING IN SISTEM PENGURUSAN AUDIT NILAI

LABUAN INTERNATIONAL
INSURANCE ASSOCIATION
news flash
Issue No. 11 January 2010
A N O F F I C I A L E L E C T R O N I C P U B L I C AT I O N O F T H E L A B UA N I N T E R N AT I O N A L I N S U R A N C E A S S O C I AT I O N
MESSAGE FROM THE CHAIRMAN
Dear Members,
The first issue of 2010 covers LIIA’s participation in the Sistem Pengurusan Audit Nilai (SPAN) survey conducted by LOFSA. LIIA members are encouraged to take part in this survey as feedbacks from industry players are valuable inputs for LOFSA in evaluating the effectiveness of the moral programmes implemented.
On behalf of the association members, I would like to congratulate David Kinloch on his appointment
as the new CEO of Labuan IBFC Inc Sdn Bhd. We look forward to working together with David in promoting Labuan as the jurisdiction of choice for insurance and insurance-related businesses. This issue also
contains a profile of William Russell (Asia Pacific) Limited, a LIIA member since 2007.
Happy Reading!
Majid Mohamad
LIIA PARTICIPATING IN SISTEM PENGURUSAN AUDIT NILAI
(SPAN) OR MANAGEMENT SYSTEM AUDIT VALUE SURVEY
Management System Audit Value or better known
as SPAN is a method to evaluate the effectiveness of
programs in the public service. It aims to measure
the level of effectiveness of implementation, appreciation and practice of moral values programmes in
terms of ideology, personal, perceptions and also
through customer feedback with regard to the six
core values of public service that is trustworthy,
honesty, wise, fairness, transparency and gratitude.
The main objectives of SPAN are to assess the effectiveness of programmes executed by the government agency in order to inculcate moral values and
develop strategies to enhance moral values practices at government departments and agencies.
LIIA members will take part in the SPAN survey
through the Customer’s Feedback Record questionnaire which will be distributed by LOFSA. The purpose of the survey is to assess customer’s observation and experience when dealing with LOFSA.
According to LOFSA, the feedbacks and responses of the
industry players would provide valuable input to improve
moral programmes implemented in the future.
LIIA news flash
NEW CHIEF EXECUTIVE OFFICER FOR
LABUAN IBFC INC SDN BHD
With effect from 1 January 2010, David Kinloch is the
new Chief Executive Officer of Labuan IBFC Inc Sdn
Bhd.
Prior to his appointment as CEO, Kinloch had been
acting as interim Chief Executive Officer and had
been serving as a private advisor to Labuan IBFC Inc
Sdn Bhd for over a year. In the latter role, he had
assisted Labuan IBFC in generating awareness, especially among international financial intermediaries and corporate end-users.
Kinloch has over 35 years experience in offshore
financial services industry, having worked in senior
management capacities in leading offshore centers
such as Bermuda, Malta and Hong Kong.
David Kinloch
CEO
Labuan IBFC Sdn Bhd
He has extensive offshore experience in Europe,
Asia, Africa and the Middle East and possesses a
clear understanding of the needs of the specialised
market and those of its intermediaries in the AsiaPacific region.
According to the Chairman of Labuan IBFC Inc Sdn
Bhd, Dato’ Mohammed Azlan Hashim “With his
experience in the offshore industry, David brings
with him a practitioner’s insight which will prove
invaluable as we forge ahead with our marketing
plan for 2010 and beyond,” said Azlan.
Kinloch has worked with the Virgin Group of Companies United Kingdom, Jardine Matheson in Hong
Kong, Lloyds syndicates in London, the Middle Sea
Insurance company in Malta and Mobil Oil.
LOFSA Director-General Dato’ Azizan Haji Abdul Rahman said that the Board of Labuan IBFC Inc Sdn Bhd
found David Kinloch to be a suitable candidate and
believed that he will provide a much more concerted, focused and targeted effort in promoting Labuan
IBFC globally.
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MEMBER PROFILE: William Russell (Asia Pacific) Limited
William Russell is a market leader in the field of international health
insurance, specializing in international cover for expatriates world-wide.
The Kuala Lumpur office, William Russell (Asia Pacific) Limited, conducts
claims processing for the entire Asia Pacific region.
About The Company
William Russell Limited is a specialist international insurance provider. Since their formation in 1992,
they have built an excellent reputation - with their insurers, intermediaries and clients - for their
consistently high standards of service and care. As an international expatriate insurance specialist,
William Russell prides itself on its expert knowledge in this field.
William Russell’s Global plans provide high-value, international health, life and disability insurance
protection for expatriates of all nationalities, in over 194 countries throughout the world. Plans
offered by William Russell’s are underwritten by Hauteville insurance Company Limited, a wholly
owned subsidiary of the Allianz Insurance Group. Hence, the company is able to provide the widest
international insurance protection and the highest standard of customer service and care.
Three types of Global plans are offered by the company:
• Global Health offers a choice of wide-ranging private health care benefits
including maternity care, plus low cost premiums for children.
• Global Life insurance and optional accident benefits are designed especially for
expatriates and their famlies.
• Global Income Protection provides a regular income to expatriates unable to
work through illness or injury wherever they are in the world.
In May 2009, William Russell won the “Best International Private Health Group Award” at the tenth
International Investment Fund and Product Awards held in London.
Disclaimer
This news flash was prepared as a service to LIIA members and is for general information only. While all possible measures have been taken to ensure accuracy of information at the time of writing, LIIA cannot guarantee
its accuracy and completeness. LIIA assumes no liability or responsibility for any error or inaccuracy contained
in any information within this news flash. Reproduction or redistribution of materials contained in the news flash
are prohibited unless with the prior consent of LIIA.
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LIIA news flash