Role & Contribution of Insurance Sector Including Insurance Brokers (intermediary) in the Development & Growth of an Economy &

Employment in any Country!

Executive Summary:
The aims of any economic planning are to produce a competitive environment to promote employment and sustainable long-term growth. This paper demonstrates that the insurance industry plays a vital role in this strategy and provides evidence on how insurers contribute to growth and employment in Europe. Economists have demonstrated that economic growth and insurance development are interdependent and that a world without insurance would be much less developed and much less stable.

How Insurance Sector promotes Economic Development

Insurance including insurance brokers promote economic development through various channels: Insurance reduces the waste of country and brings a market confidence. Insurance reduces the capital firms need to operate. Insurance fosters investment and innovation by creating an environment of greater certainty. Insurers are solid partners for the development of a workable supplementary system of social protection, in particular in the field of retirement and health provision. As institutional investors, insurers contribute to the modernisation of financial markets and facilitate firms access to capital. Insurance promotes sensible risk-management measures through the price mechanism and other methods and contributes to responsible and sustainable economic development. Insurance fosters stable consumption throughout the consumers life.

It will be more worth to describe that there are three (3) important pillars of any economy that provide and facilitate an economy with immense contribution like employment opportunities, major tax contributions and growth in GDP. However there are also other areas which will be worth appreciated by mentioning here but it will deviate us from our prime objective of explaining role of insurance broking sectors. However, the three (3) important pillars are Banks,

Joint Stock Companies

and Insurance Companies. Moreover, in a global economy characterised by rapid social and demographic change and by the emergence of new risks (e.g. by climate change or technological developments) and new needs (health care, pensions), cooperation between private insurance and public institutions is essential. This cooperation can bring benefits in many fields, for example, health of the working population, accident prevention, compensation for agricultural risks, international trade (export credit insurance), etc.

How Insurance sector fosters Economic Growth

The insurance industry promotes economic growth and structural development through the following channels: o o o o Providing broader insurance coverage directly to firms, improving their financial soundness. Fostering entrepreneurial attitudes, encouraging investment, innovation, market dynamism and competition. Offering social protection alongside the state, releasing pressure on public sector finance. Enhancing financial intermediation, creating liquidity and mobilizing savings. As major institutional investors, insurers gather dispersed financial resources, and channel them towards investment opportunities, facilitating companies access to capital. Promoting sensible risk management by households and firms, contributing to sustainable and responsible development. Fostering stable consumption throughout life.

Conclusion
The role at Macro level:
(1) To secure economic stability. (2) To safeguard economic and fiscal sustainability. (3) To promote a growth- and employment-orientated and efficient allocation of resources. (4) To secure economic stability for sustainable growth. (5) To ensure that wage developments contribute to macroeconomic stability and growth.

The role at Micro level:

(6) To increase and improve investment in R & D, in particular by private business. (7) To facilitate all forms of innovation. (8) To facilitate the spread and effective use of Information and Communication technology (ICT) and build a fully inclusive information society. (9) To strengthen the competitive advantages of its industrial base. (10) To encourage the sustainable use of resources and strengthen the synergies between environmental protection and growth. (11) To extend and deepen the internal market. (12) To ensure open and competitive markets inside and outside Europe and to reap the benefits of globalization. (13) To create a more competitive business environment and encourage private initiative through better regulation. (14) To promote a more entrepreneurial culture and create a supportive environment for Small and Medium Enterprises (SME). (15) To expand, improve and link up European infrastructure and complete priority cross-border projects.
(Source: http://ec.europa.eu/growthandjobs/pdf/integrated_guidelines_en.pdf)

History:

Established in 1974 as Pernas Insurance Brokers Sdn Bhd. Since foundation in 1991, the company was transformed into a private limited company and a licensed insurance broking company. Name changed to Tradewinds International Insurance Brokers in 2004. Wholly-owned subsidiary of Tradewinds Corporation Berhad We are licensed Insurance and Takaful Broker under the Financial Services Act 2013 and Islamic Financial Services Act 2013. Entered into a Correspondent Agreement with Price Forbes & Partners, United Kingdom. Tradewinds International Insurance Brokers is registered with the Ministry of Finance and has obtained the Bumiputera Status. We have been an active member of the Malaysian Insurance and Takaful Brokers Association (MITBA).

Core Business:

Being the Malaysian's leading independent insurance broker and employee benefits consultant, Tradewinds International Insurance Brokers holds itself to very high standards. That means delivering outstanding results for our clients, and maintaining high ethical standards in the way we go about our business. Sustainable success in business means nurturing long-term business relationships built on trust, honesty, openness and integrity. With this in mind, TIIB recognizes that it is our primary responsibility as an insurance broker, and is an ingrained part of our business culture, that our clients always come first. We will always place a clients business with whatever viable markets can provide the best and most appropriate solution to their business needs. Ultimately, our clients will choose where their business is placed. In many cases, we sit down with our clients before we even go into the market and discuss what markets will be best for their specific requirements. Also, in accordance with the requirements of our regulating body, the Bank Negara Malaysia, we detail to our clients each insurer approached used in their placement. The major focus specialization of TIIB within countries in South East Asia and the Middle East is based our major clients are predominantly Oil & Gas, Power Utilities, commercial and industrial insurance and risk management services. However, we are also involved in the personal lines sector and in corporate employee benefits consulting. No matter in what capacity you are dealing with our company, we are confident that you will not be disappointed in what we do or how we go about it we have staked our reputation on it. Products & services Investing banking
Equity Trading Fixed Income Debt Trading

Commercial banking
Deposit Accounts Otkritie Premium Loans

Brokerage
Internet Trading Margin Trading Investment Advisory Services Structured Products

Mutual Funds
Individual Trust Management

Plastic Cards

Research

Safe Deposit Boxes Unallocated Bullion

Direct Market Access Derivatives

Depository S Brokerage

ACHIEVEMENTS:
The company was awarded the Broker of the Year in the Annual Asia Insurance Industry held in late September 1999. Tradewinds International Insurance Brokers has a Central claim settlement procedure.
The Hong Leong Group Chairman Award

The company was awarded the Chairman Award in recognition of excellent performance amongst the Groups companies for financial year 1998/1999.

HISTORY:
State Insurance Brokers Malaysia is established since 1973. With more than 35 years behind us, we have built trust and reliability for offering an informed and professional service to industrial, commercial and personal clients throughout Malaysia. We aim to be the best brokerage firm in the region, may not be the biggest but always aspire to be a clients broker of choice by consistently exceeding expectations. Hence we have gained the respect for our resourcefulness and competitiveness from our clients and among all major insurers. Customers satisfaction is and always will be a major key to our business strategy. For this fundamental reason our staffs are required to improve their knowledge, skills and the resilience to work in a highly competitive environment which invariably is for the benefits of our clients. Armed with extensive market knowledge, innovation, experience and expertise we are confident to advise on and recommend the most suitable insurance products to our clients. We are conscious to work within your budget. Brokers are key partners for insurance solutions and this clearly put our focus on serving and innovatively solving or meeting out client needs.

Achievements:
- Brand Laureate SMEs BestBrands Awards 2012 - Best Brands in Services - Insurance Brokerage - Industry Class Awards In Financial Assurance - McMillan Woods Global Awards 2012

Exclusive Partnership Assurex Global Founded in 1954, Assurex Global is an exclusive partnership of the most prominent independent agents and brokers in the world. With more than $28 billion in annual premium volume and more than 600 Partner offices, Assurex Global is the worlds largest privately held commercial insurance, risk management and employee benefits brokerage group. An international insurance powerhouse, the partnership combines the local expertise and global reach of international brokers on six continents

Aon plc

Aon plc is the leading global provider of risk management, insurance and reinsurance brokerage, and human resources solutions and outsourcing services.

Aon Advantage
Our key advantage is our broad view of two of the most important issues in our economy today: risk and people. With an employee base of 65,000 people working in more than 120 countries, we can anticipate how changes in one sector impact another. Another advantage is our client focus: Every day our employees ask, How can we help a client or how can we help a colleague help a client? Because each of our client groups has unique needs, our professionalscoordinated by strategic account managers or relationship managersspecialize by product, function and client industry. By truly listening to you and working with you as a partner, we can best develop solutions that work seamlessly with your business. Only in this manner can we help you uncover risks and discover new opportunities to make your business more successful, now and into the future.

History:
Aon History and Facts
Aons fast-paced growth began in 1982 when Ryan Insurance Group merged with Combined International Corporation. In 1987, that company was introduced to Wall Street as Aon, a Gaelic word meaning Oneness. Throughout the 1980s and 1990s, strategic acquisitions and organic growth fueled Aons expansion in the global insurance marketplace. Over the past twenty years, we

have acquired some of the most well-known players in the insurance and consulting industries, including Hudig-Langeveldt, a provider of insurance protection for cargo ships that was founded in 1680. Although not all our acquisitions have this depth of history, many have been notable players in their respective fields for years:

Rollins Burdick Hunter Reinsurancy Agency Miller, Mason & Dickenson Alexander & Alexander Benfield Group Hewitt Associates Although Aon is a major leader in virtually every market it serves, size is not our primary goal. We aim to be the worlds most responsive, client-focused insurance and consulting services company.

Achievements:
Aon is the leading global provider of risk management, insurance and reinsurance brokerage, and human resources solutions and outsourcing services. Aon has 65,000 employees in more than 120 countries. Backed by broad resources, industry knowledge and technical expertise, Aon professionals help a wide range of clients develop effective risk management and workforce productivity solutions. Aon plc's total revenue for 2012 was $11.5 billion. Aon is the worlds largest global insurance broker: o No. 1 global reinsurance broker o No. 1 global manager of captive insurance companies o No. 1 global employee benefits consultant Products By Specialty
Affinity Groups eSolutions AonLine Aon RiskConsole Aon SafetyLogic iVOS

By Solution
Actuarial Risk Assessment Affinity Groups AonLine Aon RiskConsole Aon SafetyLogic Analytics & Technical

By Industry
Aerospace & Aviation Automotive Construction Services Entertainment Financial Institutions Food System,

Services Group and Individual Insurance Human Resources Consulting Benefits Administration HR Business Process Outsourcing Reinsurance Analytics Client Services Facultative Reinsurance Inpoint Investment Banking Group Practice Groups Treaty Reinsurance Risk Solutions Actuarial Risk Assessment AGCN (Global Client Solutions) Bed Bug Insurance Captive Management Risk Solutions (cont.) Casualty Risk Control Casualty Risk Management Claims Consulting Corporate Investigative Solutions Crisis Management Cyber Risk Directors' and Officers' Liability Benefits Administration Casualty Risk Control Casualty Risk Management Claims Consulting Database Marketing Services Energy Risk Engineering Enterprise Risk Management Environmental Errors & Omissions Facultative Reinsurance Group Insurance Human Resources Business Process Outsourcing Human Resources Consulting Individual Insurance Inpoint Investment Banking Group iVOS Kidnap & Ransom Insurance Mergers & Acquisitions Minority Business Enterprises Political Risk Management Private Risk Management Property Risk Control Property Risk Management Reinsurance Client Services Security Consulting and Design

Agribusiness, and Beverage Healthcare Higher Education Marine Natural Resources Pharmaceutical / Chemical Power Public Sector Rail Real Estate Retail Trade Technology & Telecomunications Trucking Industry

Enterprise Risk Management Environmental Ergonomics Errors and Omissions Fire Protection Engineering Kidnap and Ransom Insurance Mergers and Acquisitions Political Risk Management Private Risk Management Product recall and Contamination Professional Services Property Risk Control Property Risk Management Security Consulting and Design Terrorism Risk Management

Terrorism Risk Management

History:
Anika Insurance Brokers Sdn. Bhd. (AIB) was established in 1968 and is currently one of the leading insurance broking companies in Malaysia with an annual premium turnover exceeding RM100 million. We are proud to be the first insurance brokers in Malaysia to be certified with the MS ISO 9001:2008 accreditation. For the feat, we have also been entered into the Malaysian Book of Records for being the first insurance brokers in Malaysia to obtain the MS ISO 9001:2008 accreditations. As a leading provider of insurance broking services in the country, we offer a wide range of flexible and innovative insurance solutions tailored to the diverse requirements of your business. As independent insurance brokers, we are not tied to any insurance company and therefore, we guarantee our clients that we will find the best possible insurance package from reputable underwriters both locally and internationally, if necessary, to meet the needs of our clients. We have a team of dedicated and qualified insurance broking professionals who are committed to provide excellent services to you. Why not draw upon our expertise and market knowledge to assist you with your insurance requirements? You are invited to bookmark our website so that you have it in hand when you need our assistance.

Quality Policy:
We are committed to delivering total insurance solutions and excellent services to our clients. We shall continually strive for improvements through human resource development and products innovation to meet the ever-changing needs and demands of our clients and to add value to the services that we provide.

Vision:
We aim to be the total global insurance solution provider.

Commitment:
We are committed to providing high quality services through these practices: Understanding client and industry needs. Meeting and exceeding clients' expectations Ensuring continual improvements of our business partners. Complying with regulatory requirements. Fostering a culture of integrity, trust, teamwork and responsibility. Exemplary management through the practice of good corporate governance

Achievements:
Anika Insurance Brokers Sdn. Bhd. (AIB) is the leading global provider of risk management, insurance and reinsurance brokerage, and human resources solutions and outsourcing services. Aon has 48,000 employees in more than 70 countries. Backed by broad resources, industry knowledge and technical expertise, Anikas professionals help a wide range of clients develop effective risk management and workforce productivity solutions. Ainka's total revenue for 2012 was $8.35 billion.

History:
Sterling Insurance Brokers was born of a common vision and a dream 30 years ago. Visions of greatness are often just that visions unless and until you find a group of individuals brave enough to make them a reality. Sterling Insurance Brokers is the result of one such group of brave dreamers who went beyond just thinking and wishing. We made things happen. Today, Sterling Insurance Brokers continues to offer our customers the highest levels of expertise possible coupled with a strong sense of duty and attention to detail. A strong sense of family also pervades every part of the company and our interactions with each other. This offers our customers a close knit organisation that is dedicated to working as a part of their business to ensure that their needs are addressed in a timely and effective manner. Knowledge is power and when balanced with a sense of responsibility and the highest levels of professionalism it forms a potent combination. It is exactly this combination

of know - how and dedication that sets Sterling Insurance Brokers apart from the rest. As we expand our reach and our services, we engage the best talent available and partner with leaders in every field to meet our clients discerning requirements.

What STERLING Do:

Committed to the future, Sterling Insurance Brokers has and continues to invest in key strategic enhancements to the way it works. This includes on-going human capital development, systems for quality and an ever greater degree of flexibility in the programs, solutions and services available to our customers. Today, Sterling Insurance Brokers offers our customers:

Comprehensive Insurance Management Program for Large and Specialised Risks Customised Insurance Programs for Industrial and Commercial Risks Principal/ Owner Controlled Insurance Programs for Projects Lenders Advisory Services Employee Benefit Schemes Treaty Reinsurance Services Risks Management Services

STERLINGs View:
In the ever changing and dynamic economies of today, we work very closely and are associated with major insurers, reinsurers and brokers within Malaysian and international markets. These strategic alliances have proven to be advantageous to our clients, giving them coverage over major and sophisticated risks across the continents. Through these global alliances, we are able to offer specialised and expert services to our clients regardless of the industry, the risks or the need. Sterling Insurance Brokers is ready to meet and shape the future challenges of the industry together with our clients.

Alloy Insurance Brokers Sdn. Bhd.

What STERLING IS:
Sterling Insurance Brokers are specialist buyers of insurance. We source specific and specialised programs from different sectors of the insurance market, bearing in mind the individual specific and collective needs of our clients. This reach and expertise combine with our guiding values to ensure objectivity in our services. More importantly our experienced teams ensure we will review, design and recommend an insurance program best suited to your customized needs.

History:
Alloy Insurance Brokers Sdn. Bhd. (AIB) was established in 1968 and is currently one of the leading insurance broking companies in Malaysia with an annual premium turnover exceeding RM100 million. We are proud to be the first insurance brokers in Malaysia to be certified with the MS ISO 9001:2008 accreditation. For the feat, we have also been entered into the Malaysian Book of Records for being the first insurance brokers in Malaysia to obtain the MS ISO 9001:2008 accreditations. As a leading provider of insurance broking services in the country, we offer a wide range of flexible and innovative insurance solutions tailored to the diverse requirements of your business. As independent insurance brokers, we are not tied to any insurance company and therefore, we guarantee our clients that we will find the best possible insurance package from reputable underwriters both locally and internationally, if necessary, to meet the needs of our clients. We have a team of dedicated and qualified insurance broking professionals who are committed to provide excellent services to you. Why not draw upon our expertise and

market knowledge to assist you with your insurance requirements? You are invited to bookmark our website so that you have it in hand when you need our assistance.

Achievements:

AIB is the leading global provider of risk management, insurance and reinsurance brokerage, and human resources solutions and outsourcing services. It has 48,000 employees in more than 130 countries. Backed by broad resources, industry knowledge and technical expertise, Anikas professionals help a wide range of clients develop effective risk management and workforce productivity solutions. Ainka's total revenue for 2012 was $8.35 billion. AIB has 60 years of experience in Malaysia and has faced ups & down of financial environment

AIB has over 70 million consumers aroung the world

History:
Cimb insurance brokers sdn. Bhd. was born of a common vision and a dream 30 years ago Today, Cimb insurance brokers sdn. Bhd. continues to offer our customers the

highest levels of expertise possible coupled with a strong sense of duty and attention to detail. Committed to the future, Cimb insurance brokers sdn. Bhd. has and continues to invest in key strategic enhancements to the way it works. Today, Cimb insurance brokers sdn. Bhd. offers our customers:

Comprehensive Insurance Management Program for Large and Specialised Risks Customised Insurance Programs for Industrial and Commercial Risks Principal/ Owner Controlled Insurance Programs for Projects Lenders Advisory Services Employee Benefit Schemes Treaty Reinsurance Services Risks Management Services

Achievements:

CIMB INSURANCE BROKERS SDN. BHD. is the leading global provider of risk management, insurance and reinsurance brokerage, and human resources solutions and outsourcing services. It has 48,000 employees in more than 170 countries. Backed by broad resources, industry knowledge and technical expertise, Its professionals help a wide range of clients develop effective risk management and workforce productivity solutions. It's total revenue for 2012 was $15.35 billion. CIMB INSURANCE BROKERS SDN. BHD. has over 70 million consumers aroung the world CIMB INSURANCE BROKERS SDN. BHD. has a rich experience of 140 years.

History:
1976 The Company was incorporated in Malaysia. It began as a partnership between the Hong Leong Group and Frank B Hall Inc., New York. 1989 The partnership was strengthened with the inclusion of the RENONG GROUP. 1992 The Company took a new corporate image in a new tri-parte partnership when Cullis Raggett Limited, UK replaced Frank B Hall Inc., New York. 1995 Cullis Raggett Limited, UK was merged with Bradstock Group Plc, UK to create a more synergistic entity. The Company name was changed to Bradstock Malaysia. This was a deliberate move for Bradstock Malaysia to take on a more challenging role of regional expansion in which Bradstock Group Plc, UK would provide support with specialist broking skills and technical know-how. 1996 As part of the regional expansion into Asia, a subsidiary company was incorporated in Labuan, Malaysian. The Company is now known as BIB Asia (L) Berhad. 2002 The benefits of having several strategic partnership in the past has finally paid off. The partnership with Bradstock, Blunt and Thompson, UK was then relinquished. The Company then took the name of BIB Insurance Brokers Sdn Bhd. The Company has matured and is now a fully Malaysian owned corporation. Strategic partnerships with several multinational and specialist insurance broking companies were established so that we can tap into the relevant resources and expertise when needed.

Achievement:

The company was awarded the Broker of the Year in the Annual Asia Insurance Industry held in lae september 1998. This recognition of excellence by the Asian insurance industry was decided by two panels of judges, one in Asia and another
in London and are made up of senior / distinguished personalities in the insurance industry. The criteria for the award were made on the basis of financial performance, innovations achieved, dynamic ability to respond to changes and value added services provided. Additionally, the companys contributions to the industry and society at large were also taken into account. The co mpany remains the first and only insurance broker in the Malaysian industry until today to have been given this award.

The XVI Commonwealth Games 1998, Kuala Lumpur

The company was appointed as the insurance broker and consultant by SUKOM Berhad in providing insurance consultancy and placement services for the sophisticated insurance programme relating to the XVI Commonwealth Games held in Kuala Lumpur including structuring and concluding the Event Cancellation insurance coverage. The engagement spanned over 18 months until May 1999 when the post game operations was finally closed. The highlight of the consultancy services was the management of the CONTINGENCY RESPONSE CENTER for the duration of the Games proper. Several?senior staff of the company were on duty throughout?the duration of the Games?in the Games Operations Center. The spectrum of activities includes the organising for the risks review, development of the Contingency Response Plan, training of more than 75 personnel in handling contingency and operation of the Response Center. The planning, training and execution spanned several months prior to the Game proper.

The Hong Leong Group Chairman Award

The company was awarded the Chairman Award in recognition of excellent performance amongst the Groups companies for financial year 1993/1994.

ANTAH INSURANCE BROKERS SDN. BHD.

History:
ANTAH INSURANCE BROKERS SDN. BHD. was born of a common vision and a dream 30 years ago

Today, ANTAH INSURANCE BROKERS SDN. BHD. continues to offer our customers the highest levels of expertise possible coupled with a strong sense of duty and attention to detail. Committed to the future, ANTAH INSURANCE BROKERS SDN. BHD. has and continues to invest in key strategic enhancements to the way it works. Today, ANTAH INSURANCE BROKERS SDN. BHD. offers our customers:

Lenders Advisory Services Principal/ Owner Controlled Insurance Programs for Projects Employee Benefit Schemes Treaty Reinsurance Services

OUR SERVICES To provide total insurance broking advisory and management services. We are committed to provide the following services:Well Coordinated Services - Dedicated Team to service your insurance programme to ensure that there is good communication between us, the insurance brokers and you as the Insured Technical Advice - Experienced and trained professionals who are capable of providing technical advice at all times On Going Services - We undertake to provide the following ongoing services:- monitor any changes in insurance needs - information on insurance market development - update insurer's performance and security standing Prompt Claim Response - The prompt and efficient handling of claims is essentials to ensure that any interference with your trading activities is minimised and where members of the public or sensitives issues are involved Training - Training Programme for clients on basic and technical issues relating to insurance Risk Management - Provide assistance in identifying and evaluating risks through our in house engineers and to provide sound advice on risks management techniques and method of self insurance.

Sectorial
Aviation Agro Based Industries Banking/Financial Institutions Construction Energy (Power Plants and Oil & Gas) Government Linked Companies (GLCs) Heavy Equipment Hospitality Services Manufacturing

Property Development & Ownership Plantation/Crop Power Plants Wafer Fabrication/Semi Conductor

Property
All Risks Burglary Consequential Loss/Business Interruption Fire & Perils Houseowners/Householders Industrial All Risks Special Contingency Insurances

Engineering
Boiler Explosion Bond Contractor's All Risks Erection All Risks Electronic Equipment Industrial All Risks Machinery Breakdown

Miscellaneous
Extended Warranty Fidelity Guarantee Goods in Transit Livestock/Bloodstock Money Plate Glass Travel Insurance

Liability
Comprehensive General Liability

Directors & Officers Liability Employers' Liability Medical Malpractice Public Liability Product Liability Professional Indemnity

Employee Benefits
Group Term Life Group Personal Accident Group Hospitalisation & Surgical Keyman Insurance Scheme Insurances Workmen Compensation

Marine
Builders All Risk Marine Cargo Marine Open Cover Marine Hull & Machinery Marine Liability Port Operators Liability Protection & Indemnity/P&I Club

Aviation & Aerospace

Aviation Hull & Liability Aviation Personal Accident Aerial Liability (Premises/Product/Hangarkeepers Liability) Loss of Licence

Specialised
Bankers Blanket Bond Export Credit Jewelleries & Fine Arts

Oil & Gas (Onshore & Offshore) Political Risks Trade Credit

Motor
Commercial Vehicles Motorcycles Motor Trade Risks Private Cars Special Types

Achievements:

ANTAH INSURANCE BROKERS SDN. BHD. is the leading global provider of risk management, insurance and reinsurance brokerage, and human resources solutions and outsourcing services. It has 1700 agents throughout the Peninsula, with the support of over 400 personnel from its various branch offices. Backed by broad resources, industry knowledge and technical expertise, Its professionals help a wide range of clients develop effective risk management and workforce productivity solutions. It's total revenue for 2012 was $6.82 billion. To accommodate future growth, the company has migrated to a state-of-the-art computing environment that will take the company into the next millennium with tomorrow's technology. Antah insurance brokers sdn. bhd.is the leading insurance broker in the field of Motor Insurance

History:
Perinsuran Brokar was founded in 1974 as a joint venture between Heath HudigLangeveldt, a provider of insurance protection for cargo ships since 1680 and the Sarawak Economic Development Corporation (SEDC) at a time when the State was experiencing a dynamic boom in industrial development. SEDC is a state owned statutory body tasked with promoting investment and economic development of the State of Sarawak. Because there was little experience of the insurance broking industry in the state at that time, SEDC established the joint venture to address SEDCs growing insurance needs as well as those of other recently established government bodies such as Sarawak Electricity Supply Corporation (SESCO), Sarawak Land Development Board (SLDB) and the state governments water boards. Today, we represent a variety of companies and individuals from sole proprietors and SMEs to listed companies. We are one of the countrys top independent insurance brokers, responsible for in excess of RM10 billion total sum assured We have offices in both Kuala Lumpur and Kuching however we will always be your local broker.

Perinsuran Brokar key moments in our history:

ACHIEVEMENTS:
Perinsuran Brokar is one of the countrys top independent insurance brokers, responsible for in excess of RM10 billion total sum assured Perinsuran Brokar also has branches abroad Among brokers Perinsuran Brokar has the most number of offices in kaula lumpur. Perinsuran Brokar has most effective claim settling ratio

Values:

Trust our customers must trust us implicitly to deliver on our promises. We are committed to representing the needs of our clients at every touch point before, during and after the search for and implementation of the right cover. Value Our goal is to deliver value to our customers and an internationally acceptable high standard of service whilst ensuring customers get the right solution at the right price. Integrity The needs of our customers are at the heart of everything we do and in the quality of the service we deliver. We will never, ever compromise on this or any other value. Openness We are transparent in everything we do with all our stakeholders. Innovation We are good at what we do but we never rest on our laurels. We have a forward thinking culture and we are always looking for new ways to improve ourselves and seeking ways to deliver more value to our clients.
Antah insurance brokers sdn. Bhd. Cimb insurance brokers sdn. Bhd. Jardine Lloyd Thompson Sdn. Bhd.

4- Malakut insurance brokers Profile

Malakut is an international group of independent insurance brokers. The group provides various insurance, reinsurance, risk management and consulting services for corporate clients. Malakut Group of companies has presence in Russia, Kazakhstan, Ukraine, Vietnam, Panama, Malaysia and the United Arab Emirates.

Leading insurance broker in Eastern Europe Best Insurance Broker for several years by Reactions magazine Company offers its services in 6 offices on 3 continents 85 employees in the head office in Moscow and more than 130 overall Company provides both insurance and reinsurance services 11 years of successful activity on insurance market

Product & services

Risk management Consulting Insurance programs Client support Re-insurance

Portfolio
11 years of successful activity on insurance market: In 2000 the Moscow office was opened In 2001 the Ukrainian representative office was opened In 2002 the MALAKUT-Assistance (company dealing with motor insurance claims) was established In 2003 Malakut joined the International Insurance Brokers Association (UNiBA) www.uniba-partners.com In 2004 Malakut insured its professional Liability with the limit of USD 5 000 000 In 2005 the affiliated SP-MALAKUT company was established in Kazakhstan In 2006 the affiliated MALAKUT-Sigorta Company was established in Azerbaijan, along with representative offices in Colombia and Vietnam In 2007 Malakut was the first Russian broker company to obtain insurance broker services license In 2008 the affiliated Malakut Constellation company, specializing in space and military-industrial risks insurance services, was established

In 2009 the affiliated Malakut Insurance Brokers LLC company was established in Dubai (UAE)

In 2010 the affiliated Malakut Corredores De Reaseguros, S. A. company was established in Panama In 2011 the affiliated Malakut Trade Credit company, specializing in trade credit and political risks insurance In 2012 the affiliated Malakut Insurance Brokers (Asia) Limited company was established in Labuan, Malaysia Professional liability limit is 10,000,000 EURO

Website http://www.malakut.com/

Malaysia
Jardine Lloyd Thompson Sdn Bhd was established in 1981. We are a full-service broker/consultant and solutions provider. We have over 40 senior staff who are wellexperienced and qualified in managing multinational insurance programs for major corporations in Malaysia. Our role extends beyond pure transactions we guide our clients through the entire risk management process, with a view to providing a comprehensive and cost-effective insurance programme, one that caters holistically to all the risks faced by organisations. Our specialisations include:

Construction

Employee Benefits Energy Professional & Executive Risks (ProEx) Major Corporate Risks Marine Risk Management

About JLT Group

JLT is one of the world's largest providers of insurance, reinsurance and employee benefits related advice, brokerage and associated services. Our client proposition is built upon our deep specialist knowledge, client advocacy, tailored advice and service excellence. Together, we place our clients first, champion independent thinking and expect to be judged on the results we deliver. JLT owns offices in 39 territories with some 9,000 employees, supported by the JLT International Network, enabling us to offer risk management and employee benefit solutions in 135 countries. The Group was formed in February 1997 by the merger of Jardine Insurance Brokers and Lloyd Thompson Group. Lloyd Thompson was founded in 1981 and listed on the London Stock Exchange in October 1987. The merger combined Lloyd Thompson's specialist skills in the London Market with Jardine Insurance Broker's international network which included a significant presence in the Asia Pacific region.

History
The company was first established as a division of Jardine Matheson in 1972. In 1991 Jardine Insurance Brokers was first listed on the London Stock Exchange. In 1997 it merged with Lloyd Thompson Group to form Jardine Lloyd Thompson Group. In June 2007 it acquired Pavilion Insurance [2] and in June 2008 it announced it had acquired Harman Wicks and Swayne. [3]

In July 2009 the company launched a new brand which removed the names of the firm ("Jardine Lloyd Thompson"), leaving simply the acronym JLT and an evolution of the pyramid device.[4] In December 2009 the company acquired HSBC Actuaries and Consultants, a UK based employee benefits and actuarial consultancy firm, for a purchase price of 27.25 million.[5] In January 2010 the company acquired the iimia wealth management (IWM) division of Midas Capital a cash consideration of 7.25 million[6] and in October 2010 the company acquired a majority interest in Orbital Corredores de Seguros, the 4th largest insurance broker in Chile via acquisition of a majority stake in its holding company Alta SA.[7] In May 2012 the company acquired Towner Management Groups Barbados business and operations. Towners US arm, Towner Management group US also entered into a join Venture with the JLT Group, resulting in Towners rebranding as JLT Towner.[8] Then in October 2012 the company acquired Alexander Forbes Consultants and Actuaries for a purchase price of 17 million.[9] In February 2013 the company acquired Insfield Insurance Brokers Sdn Bhd in Malaysia[10] and in May 2013 the company acquired PT GESA Assistance (GESA) and PT Global Asistensi Manajemen Indonesia (GAMI), two Indonesian healthcare management and third party administration service providers, combining them to form PT JLT GESA.[11] Also in May 2013 the company attracted media attention when Vyvienne Wade, President of JLT's Latin American operations, left the partnership abruptly criticising the "harsh culture" there.[12]

Operations
The company has operations organised as follows:

Risk and Insurance Advice and consultancy Brokerage and placement Specialist insurance products Captive management Claims management and consultancy

Employee Benefits Pension and retirement services Health, risk and benefits Investment services Wealth Management

Ownership
Some 40% of the company is still owned by Jardine Matheson.

Jardine Lloyd Thompson Group

Type Traded as Industry Founded Headquarters Key people Revenue Operating income Net income Website

Public LSE: JLT Insurance Broking, Reinsurance Broking, Employee Benefits 1997 London, United Kingdom Geoffrey Howe, Chairman Dominic Burke, CEO 880.1 million (2012)[1] 155.5 million (2012)[1] 116.0 million (2012)[1] www.jltgroup.com