As one of the world’s leading sports brands, PUMA has made history as a creator of product designs for cotton t-shirts, outstanding athletes and sports teams — football, running and training, golf, basketball and motorsports. PUMA’s headquarters is in Herzogenaurach, Germany, with more than 14,000 employees in more than 120 countries.

The History of PUMA

In Germany, PUMA was founded in 1919 as the “Gebrüder Dassler Schuhfabrik” (Dassler Brothers Shoe Factory). The brand pivoted its international breakthrough during Amsterdam’s 1928 Olympic Summer Games, where most German athletes wear Dassler spikes. In 1948 “PUMA” was officially registered at the German Patent and Trademark Office.

Level Up On The Playing Field

PUMA provides a range of stylish sports apparel and equipment for athletes, from comfortable football jerseys to durable golf clubs. PUMA apparel is designed for team sports, track and field, basketball and more — you can also wear PUMA apparel when taking a time-out. Explore clothing for all ages here at PUMA.

PUMA’s Business Philosophy

At PUMA, sustainability is a core value of the business. PUMA strives to manage their environmental impact through the 10FOR25 sustainability strategy for a better world by working on ten key areas, from climate and biodiversity to human rights, to reach common goals of making better products with the less environmental impact on nature.

Better Innovations with PUMA

PUMA strives to be at the forefront of innovation to meet our athletes’ needs, with adaptive Dynamics as one of the principles that guide PUMA Innovation. This principle is creating products that adapt to human body movement and the environment based on thermoregulation, activity or fit, which led to the creation of PUMA’s self-lacing Fit Intelligence Training Shoe.

Turning Intent Into Action

PUMA does not tolerate racism, bigotry, or police brutality and is committed to using its platform to push for change — this is why the PUMA cotton t-shirt established #REFORM to stand up against social injustice. PUMA makes an effort to amplify all Black voices within the workplace and made donations to support organisations and initiatives for the Black Lives Matter movement.

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MNRB Holdings Berhad in A Glance

MNRB Holdings Berhad is a Malaysian investment holding company specialising in management services. The company is the parent company for Malaysian Reinsurance Berhad (Malaysian Re) and Takaful IKHLAS. Its insurance underwriting arm is among the region’s best reinsurers, writing general business lines domestically and internationally.

MNRB Holdings Berhad Listed On Bursa Malaysia

Malaysian National Reinsurance Berhad was rebranded to MNRB Holdings Berhad as an investment holding company and is now listed on Bursa Malaysia. It comprises prominent wholesale reinsurance and retakaful suppliers and two Takaful operators. Its reinsurance business is among the region’s best reinsurers nationally and internationally.

Malaysian Re Strengthen Global Connections

As the national reinsurer, Malaysian Re continues to strengthen the competitiveness and efficiency of domestic insurance businesses in an increasingly globalised market by actively leading and insuring their reinsurance needs. The retakaful division, Malaysian Reinsurance Retakaful Division, underwrites all classes of general reinsurance.

Takaful IKHLAS Provides Financial Protection Services

Takaful IKHLAS products focus on savings or investment-linked and mortgage protection plans. The public protection offerings feature innovative strategies to cover properties such as vehicles, buildings and other assets. They have 13 branch offices and currently records around 2 million registered certificate holders and more than 5,000 agents.

The Conclusion

As a company listed on the Malaysia stock exchange market, MNRB offers a wide range of products and services related to insurance underwriting, retakaful, retail takaful and more through its subsidiaries. MNRB is a regional and international player, having established a strong market presence in Asia and the Middle East.

Remembering 25 Years of CAB

The Central Administration Bureau (CAB) manages the facultative reinsurance and coinsurance deals between members through centralised computerized internet-centred systems, aiming to enhance reconciliation obligations and recuperation. CAB’s workplace is in Damansara Levels below Malaysian Reinsurance Berhad’s management and will celebrate its 25th anniversary in 2020.

Overview of CAB’s Organisation Structure

CAB’s organisation construction comprises two primary parts: the Board and the Functioning Staff. The Table is guided by a Chairman, using a long-lasting Malaysia Re fellow member, a PIAM rep and four supervisory table members; the operations group is guided by the Secretary (Bureau Supervisor), as the Operation Head controls the Finance Device document to the Assistant.

CAB’s Digitalised Online-Structured Solutions

One of the essential issues encountered by the facultative reinsurance and coinsurance industry is the long-lasting technique of settlement reconciliation; hence CAB set up the CABFAC and CABCO to resolve this concern. Collectively financed by CAB associates, both online-based systems are formed to quicken equilibrium settlements, simplify claims recuperation and eradicate reconciliation issues.

Precisely what is Reinsurance?

CAB’s Facultative Reinsurance Technique is the 1st digital internet-based process in Asia to manage facultative reinsurance transactions. The device has four modules, the underwriting unit, assert unit, offer you element and confirming element. In facultative reinsurance, leading insurance providers obtain insurance coverage to pay for business hazards to ensure solvency and protection during an event encounter.

What is Coinsurance?

Coinsurance will be the common challenge of danger among several insurance companies to boost business protection. In 2011, the Persatuan Insurans Am Malaysia (PIAM) introduced a centralised computerized CAB Coinsurance Method (CABCO) to manage coinsurance deals, running similarly to the CABFAC version. The system includes a claim unit, an underwriting element, and a reporting element.

Gain Company Pros being a CAB Fellow member

Jointly funded by participants, CAB’s digital ecosystem improves your company by sticking with organized functions, clear guidelines and resolved change-around time. For insurance and takaful operators, a one-off becoming a member of fee of MYR41,465 and a once-a-year payment of MYR 7,195 is necessary for brokers, an annual income of MYR1,500 along with a monthly charge of MYR50 is applied.

Who Might be a Fellow member?

Be considered a CAB member right now, improve your facultative reinsurance & co-insurance plan enterprise, and make payout statements less difficult through a streamlined, website-dependent process. Insurance firms & reinsurers, takaful & retakaful operators, and offshore and native reinsurers & agents are encouraged to apply for registration. Some of our participants involve RHB Insurance policy and Berjaya Sompo Insurance coverage.

Sign-up as a CAB Fellow member

In 1995, Central Administration Bureau was founded to resolve labour and time inefficiencies in reinsurance and retakaful transactions. After a comprehensive digitalisation of the services and techniques in 2004, CAB offers dependable and safe web-dependent programs for people to boost productivity by minimizing purchase faults, benefitting several insurance coverage businesses.

About MNRB and The Subsidiaries

Since 1972, Malaysian National Reinsurance Berhad (MNRB) has operated in the Malaysian reinsurance market. The company’s primary business is management services, which it conducts via investment holding, reinsurance, Takaful operator, family takaful and Retakaful operator. Two of the company’s subsidiaries are Malaysia RE and Takaful IKHLAS.

MNRB Holdings Berhad as The Top Reinsurers

MNRB Holdings Berhad is a Malaysian investment holding company focused on management services. It is publicly listed on Bursa Malaysia. The firm comprises top wholesale reinsurance and retakaful suppliers and two takaful operators and is among the region’s best reinsurers locally and globally.

How Malaysian Re Continues To Stay As Nation’s Best Reinsurer

Leveraging on its breadth and depth of experience and expertise, strong fundamentals and proven record of accomplishment, Malaysian RE has grown in stature as an international player, having established a strong market presence in Asia and the Middle East. Malaysian Re is the largest national reinsurer (by asset) in the Southeast Asia region.

What is Takaful IKHLAS?

Takaful IKHLAS entered the Takaful sector on 18 September 2002 as Takaful Ikhlas Sdn. Bhd. and then changed to Berhad status in 2014. They are primarily engaged in providing financial protection services that adhere to Shariah principles and decisions and announced the conversion of its composite Takaful licences into two organisations.

The Conclusion

Having resilient reinsurance and a retakaful sector is vital for a healthy economy. As a public-listed investment holding company, MNRB offers a wide range of products and services related to the insurance sector, including reinsurance, retakaful, retail takaful, family takaful and more. MNRB has fostered business partnerships with industry players across global markets.