“AKIL provides a wide range of insurance services to individuals, businesses, and organizations, offering protection and risk management solutions..”
AL KHAIRI INSURANCE LIMITED, also known as AKIL, was established in the Federal Territory of Labuan, Malaysia in January 2023. The company is duly licensed by the Labuan Financial Services Authority (Labuan FSA) to operate as an offshore general insurance and reinsurance company with a takaful window.
AKIL specializes in underwriting all classes of general insurance business, including captive and reinsurance, for both conventional and takaful markets. This means that AKIL provides a wide range of insurance services to individuals, businesses, and organizations, offering protection and risk management solutions for various areas of coverage.
The fundamental concept of insurance revolves around the relationship between two parties: the insurer and the insured (or policyholder). The insurer, in this case, AKIL, takes on the responsibility of guaranteeing payment for uncertain future events that may result in financial losses for the insured. In exchange, the insured pays a smaller premium to AKIL, securing protection against those potential occurrences.
AKIL stands committed to fulfilling these obligations and pledges to provide reliable coverage and support to its policyholders. By ensuring financial security in times of need, AKIL aims to promote peace of mind and stability for its clients.
Client satisfaction is a fundamental goal for AKIL.
The company recognizes that meeting and exceeding the expectations of its clients is beneficial not only to them but also to AKIL’s own success. By delivering exceptional service and tailored insurance solutions, AKIL strives to build strong relationships with its clients, foster trust, and ensure long-term partnerships.
Through its licensing and operations as an offshore insurance and reinsurance company with a takaful window, AKIL showcases its adherence to regulatory requirements and its commitment to upholding industry standards. The company operates within the framework established by Labuan FSA, ensuring compliance, professionalism, and integrity in its business practices.
In summary, AKIL is a Labuan-based insurance company licensed to operate as an offshore general insurance and reinsurance provider with a takaful window. With a focus on fulfilling obligations, client satisfaction, and comprehensive coverage across various insurance classes, AKIL aims to be a trusted partner in providing reliable and tailored insurance solutions for its clients’ needs.
