PUMA: Forever Faster

With the business mission of being “Forever Faster”, PUMA aims high to be the Fastest Sports Brand in the World. For over 70 years, PUMA has been developing sports footwear, apparel and accessories for the best athletes. PUMA’s range of sports apparel is designed by incorporating running store performance and sports inspiration into their products.

The History of PUMA

In 1919, the Dassler Brothers started their shoe factory in their parents’ home, which grew and evolved into the world-renowned PUMA today. Ever since Jesse Owens sported Dassler spikes and won four gold medals during the 1936 Olympic Games, the brand had gained notoriety. More athletes were seen wearing PUMA shoes and apparel in subsequent world sporting events, crafting a global reputation for the brand.

PUMA Sports Apparel and Equipment

From comfortable football jerseys to durable golf clubs, PUMA provides a range of stylish sports apparel and equipment for athletes. 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 apparel for all ages here at PUMA.

PUMA’s Sustainability Efforts

PUMA is committed to making better products, and contribute to a better environment and society. By working with stakeholders on the 10FOR25 sustainability strategy, they aim to do better across various sustainability areas consisting of Fair Income, Products, Health & Safety and more — doing their part to deliver better products and contribute to a better world.

Innovating with PUMA

PUMA running store aims to always bring better and unique innovations to sports for game-changing athletes. In 1984, the RS-Computer Shoe was created in the PUMA Running Studio, where the team leveraged computer technology to create better running shoes. Today, PUMA continues experimenting with digital technology to bring out the best in athletes.

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 PUMA 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.

CAB: Digitalising the Facultative Reinsurance and Coinsurance Organization to Increase Performance

Celebrating 25 Years of CAB

to streamline facultative reinsurance and coinsurance supervision, the Central Administration Bureau (CAB) was created in 1995, offering an internet-centered system (CABFAC) to get rid of reconciliation problems and make simpler claims and arrangement. CAB Malaysia recognized its 25th wedding anniversary in 2020 and it is managed through the Malaysian Reinsurance Berhad in Damansara Heights.

CAB’s Table, Staff and Stakeholders

The CAB Board works together with a Chairman, a lasting fellow member from Malaysia Re, a PIAM representative and four supervisory table associates. Its inner procedures are under the handling of a Assistant (Bureau Manager), while an Operation Director directs the Secretary’s Finance and it also System report. CAB’s buyer stock portfolio consists of over 70 neighborhood and overseas insurance coverage market stakeholders.

CAB’s Internet-Structured Apps

From the insurance policy market, checking reconciliation repayments may be complicated because of the time-intensive handling strategy. With all of working fees collectively backed by CAB participants, the CABFAC and CABCO were established to help the facultative reinsurance and coinsurance industry reduce reconciliation issues, handle on-time harmony settlements and promises healing.

Learning the CABFAC Program

CAB’s online-dependent Facultative Reinsurance Program comprises four modules: the supply unit, underwriting element, declare module and revealing module. It is also the very first electronic system in Asia for your facultative reinsurance business’s supervision and resolution. A main insurer acquire protection to protect their company from one or a obstruct of dangers.

What is Coinsurance?

In 2011, the Persatuan Insurans Am Malaysia (PIAM) introduced the CAB Coinsurance Process (CABCO) to handle coinsurance dealings, by which a number of insurers give joint insurance to spread out their business threat. Such as the CABFAC, the CABCO program includes a claim element, confirming element and underwriting module to assist in accurate underwriting and settlements.

Be described as a Associate, Upgrade your Company

The CABFAC simplifies arrangement for facultative reinsurance and coinsurance procedures through obvious suggestions and processes, offering endless consumers with accessibility portal. Insurance and takaful operators spend a one-off becoming a member of cost of MYR41,465 along with an yearly cost of MYR 7,195 with .2Percent of levy fees, although agents pay out MYR1,500 annually MYR50 month-to-month.

CAB’s Associates and Stakeholders

Insurance firms & reinsurers, takaful & retakaful operators, overseas and local reinsurers & agents qualify to become CAB people, with many renowned associates include Liberty Insurance and Etiqa Basic Insurance policy. Apply for a regular membership to increase your facultative reinsurance & co-insurance coverage organization with CAB’s centralised internet-based process to increase performance and minimise mistakes.

Register like a Participant

The insurance industry confronted intense facultative administration and delays in reconciliation payments issues. Being a remedy, CAB Malaysia provides a secure computerized website-dependent foundation to deal with reinsurance and retakaful deals much better. For 25 years, CAB’s services have benefitted several organisations — instilling confidence in the facultative reinsurance and coinsurance industry.