Labuan underwriting manager licence, filed under our own licence.
Underwriting agency function for Labuan insurers and takaful operators. RM300K capital, technical competency and substance designed before filing.
Make an enquiryUnderwriting manager licence, technical competency carries the file.
As applicants approach Labuan FSA underwriting manager licensing, the RM300,000 capital floor sits behind a parallel review of underwriting competency in the proposed lines, principal-insurer binding authorities and staffing adequacy. Labuan International Insurance Association membership is also required.
QX Trust files underwriting manager applications under our own Labuan FSA licence as the recognised party, drafting binding authority templates, evidencing sector expertise and arranging LIIA membership before the file is opened.
Your underwriting file, filed directly by the licensed firm.
QX Trust Co. Ltd is a Labuan Managed Trust Company headquartered in Labuan IBFC. We file applications as the recognised party, not through an intermediary. We serve you in English, Chinese and Malay.
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Labuan FSA licensed
LMT0081
Our Labuan licence
EN + ZH + MS
Language desks
Labuan IBFC
Headquartered
What sits in the Labuan underwriting manager file.
Six deliverables prepared and assembled under one channel before submission to Labuan FSA.
Business plan and underwriting scope
A business plan covering insurance lines, principal-insurer relationships, target markets and financial projections.
Capital evidence
RM300,000 paid-up capital evidenced through a Labuan-bank account, unimpaired by losses throughout operations.
Underwriting competency evidence
Underwriter CVs, sector qualifications, claims-handling track record and binding authority history documented.
Binding authority templates
Binding authority and delegated underwriting agreement templates with principal insurers, including scope, limits and reporting cadence.
Operational substance
Labuan office arrangement, underwriting team structure, technology infrastructure and supervisory framework prepared.
LIIA membership and governance
LIIA membership application prepared in parallel, AML manual, conflicts-of-interest policy and corporate-governance framework documented.
Four steps from scope to grant.
One channel, one owner, one timeline across the four phases of a Labuan underwriting manager licence application.
Pre-licensing audit
Business model, underwriting scope, competency evidence and substance footprint benchmarked against Labuan FSA underwriting manager criteria.
File scope and drafting
Business plan, binding authority templates, constitutional documents and fit-and-proper questionnaires drafted and assembled.
Submission and dialogue
File submitted under our Labuan FSA licence. We absorb regulator queries, coordinate director approval and manage LIIA membership.
Licence grant and handover
Approval issued by Labuan FSA. We hand over operating documentation, the annual reporting calendar and a substance-compliance schedule.
Competency, binding authority and substance, one file.
Labuan underwriting manager licences pass or fail on three parallel tests. We coordinate all three under a single Labuan-FSA licensed channel, before the file enters review.
- Underwriting competency evidenced through sector track record and qualifications.
- Binding authority templates aligned to principal-insurer scope and limits.
- Substance plan with Labuan office, underwriting team and supervisory framework.
- LIIA membership and director prior-approval steps prepared for Labuan FSA.
Frequently asked.
Direct answers on underwriting scope, capital, multi-insurer binding and branch structure.
What is a Labuan underwriting manager licence?
Under the Labuan IBFC framework, an underwriting manager is licensed to provide underwriting services, including the administration of the business, to one or more Labuan insurers. In practice this is structured as a delegated-authority service, where binding authorities define the underwriting scope agreed with each insurer.
What capital does a Labuan underwriting manager need?
Minimum paid-up capital or working funds of MYR 300,000 or its equivalent in any foreign currency, maintained with a bank in Labuan and unimpaired by losses.
How does an underwriting manager differ from an insurance manager?
An underwriting manager focuses on technical underwriting decisions, programme design and sector-specific risk assessment. An insurance manager handles broader operational management. Some firms hold both to cover the full delegated-authority service chain.
Can an underwriting manager work with multiple insurers?
Yes. A Labuan underwriting manager may hold delegated underwriting authorities from multiple insurers or takaful operators, subject to conflicts-of-interest management and clear scope definitions in each binding authority agreement.
What experience does a Labuan underwriting manager need?
Management competency in the relevant insurance lines, adequately qualified underwriting staff, a clean home-regulator record, and audited accounts for the three years preceding the application. Director and principal officer appointments require Labuan FSA prior-approval.
Are branch directors exempt from FSA approval?
Within the Labuan insurance-related business category, licensees established as a branch are generally not required to obtain Labuan FSA prior-approval on the appointment of their directors, so a branch structure can carry lighter approval steps than a subsidiary. We confirm how this applies to your specific underwriting manager structure before filing.
Scoping a Labuan underwriting manager licence?
Tell us about your underwriting lines. We evidence the competency, draft the binding authorities, and route the file under our Labuan FSA licence.
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