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Etiqa Offshore Insurance (L) Ltd
Etiqa Offshore Insurance (L) Ltd (EOIL) is a licensed Insurance/Takaful and Underwriting Manager, incorporated in the Labuan International Business & Financial Centre. We are the pioneer in the Insurance Management Services, established since 1991 to serve the statutory requirements of licensed offshore entities operating in Labuan.
Our Maybank Ageas Holdings Berhad’s (MAHB) Group core operating entities are rated ‘A’ (Strong) in Insurer Financial Strength (IFS) from Fitch Ratings.
The affirmation reflects the group’s ‘Favourable’ company profile as well as ‘Very Strong’ capitalisation and financial performance and earnings on a consolidated basis. The full publication can be viewed here.
Learn more about Labuan as an international business and financial centre and explore our financial information to better understand our role and performance within the region.
Our Services
License Application
Supporting insurers, reinsures, (re)takaful, brokers, and captives with tailored solutions.
Management Services
Supports office operations, compliance, finance, reporting, HR, records, underwriting, claims, and provides a one-stop solution for business substance needs.
Internal Audit & Compliance Services
Providing internal audit, Anti-Money Laundering, audit, and compliance support services efficiently.
Takaful & (Re)Takaful
Comprehensive support for (re)takaful setup, Shariah advisory, and internal audit to ensure compliance and governance.
Captive
We provide guidance on captive license application and setup, helping businesses manage risks through self-insurance solutions.
Workspace Rental
We offers fully equipped Labuan workspace to support your business’s Labuan substance and taxation requirements.
Guided by Our Board, Powered by People
Meet our Board of Directors and our dedicated team committed to strong governance, trusted service, and delivering lasting value and integrity.
Y. Bhg. Dato' Majid Mohamad
Dato’ Majid has extensive experience in the setting up, regulatory planning, and rehabilitation of finance and insurance institutions. He started his banking career in Bank Negara Malaysia in 1977 and held various supervisory roles across key departments, from audit to economic, bank, and insurance regulations. He was the Chief Executive Officer of Pacific and Orient Insurance Berhad, Malaysia National Insurance Berhad, The People’s Insurance Co. (Malaysia) Berhad, Talasco Insurance Berhad, and Labuan Reinsurance (L) Ltd.
Dato’s Majid is also currently a board member of University Malaysia Pahang (UMP).
Raymond Wong Shu Yoon
Mr. Raymond Wong has over 40 years of experience in the insurance industry (both locally and in London) and has held several key management positions in various insurance, insurance broking and reinsurance companies. He started his career in Marketing with The American Malaysian Insurance in 1979 and left for London to study Law in 1983. In 1985, Mr. Raymond Wong joined Citicorp Insurance Brokers, London as an overseas officer whereby he was exposed to the Lloyds market. In 1987, he was transferred back to Malaysia to identify and set up the Citicorp insurance brokers locally. Mr. Raymond Wong was appointed the General Manager and Principal Officer of Innovest Citicorp Insurance Broker Sdn Bhd in 1988 upon approval of its broking licence by Bank Negara Malaysia. Thereafter, Mr. Raymond Wong continued his career as Chief Executive Officer/Principal Officer in Paramount Assurance Berhad, MMI Insurance Labuan Ltd, Catlin Labuan Limited, XL Catlin Labuan, AXAXL Insurance Labuan, Asia Capital Reinsurance Malaysia Sdn Bhd and Asia Capital Retakaful Berhad before his retirement in November 2021. Mr. Raymond Wong was Board Director of Labuan International Business and Financial Centre, Catlin Labuan Limited, Malaysia National Reinsurance Berhad and Paramount Assurance Berhad.
Johan Lam Chung Yin
Johan Lam has 30 years of experience in the financial sector in Asia and North America. He is currently the Chief Administrative Officer and Chief of Staff, at Ageas Asia where his responsibilities include providing supervision into the Asia regional office’s Operations, IT, Branding, Marketing and Communications, and Corporate Planning and Services. Johan has also worked closely with the CEO of Asia on new market entries and M&A transactions in the Asia region. Currently, he assists the CEO in partnership management across Asia and special projects assigned by Ageas Group. Johan is an Ageas Asia Management Committee member and an Ageas Asia Services Limited Executive Director. He is also a Non‐Executive Director of Etiqa Life Insurance (Labuan) Ltd and Etiqa Offshore Insurance (Labuan) Ltd, which are Ageas’s joint venture in Malaysia. Johan is a Hong Kong Permanent Resident and a Canadian citizen. He holds a Bachelor of Business Administration degree from Simon Fraser University, Canada, double majors in Business Administration and Economics and a Master of Business Administration degree from the University of Newcastle, Australia.
Amierah Ratna Binting
Principal Officer
Ms Amierah Ratna Binting has been appointed as the Principal Officer of Etiqa Offshore Insurance (L) Ltd, effective 1 June 2025. She brings with her over 20 years of experience in the Labuan insurance and takaful industry.
Ms Amierah holds a postgraduate qualification in finance and has completed a range of professional programmes in compliance, risk management, and Islamic finance, including a Certificate in Shariah Advisor and Auditor.
Throughout her career, she has undertaken key responsibilities in internal audit, compliance, risk governance, and regulatory engagement. Her expertise spans both conventional and Islamic financial sectors. She is also an active associate member of the Asian Institute of Insurance and a member of the Malaysian Young Shariah Scholars Association.
Her appointment underscores the company’s commitment to strong leadership, regulatory excellence, and a client-centred approach. In her role as Principal Officer, she oversees day-to-day operations and ensures full compliance with all applicable regulatory requirements.
Idzuddin Zakaria
General Manager
Leads the company’s Business Development strategy and oversees marketing initiatives for Etiqa Offshore Insurance (L) Ltd. He also supervises the client servicing team, ensuring we maintain a high standard of deliverables to our clients.
He has more than 25 years of experience in various sectors of the Insurance industry, from underwriting, insurance broking and reinsurance prior to joining Etiqa Offshore.
Tan Sri Dr. Mohd Daud Bakar
Shariah Advisor
Tan Sri Dr. Mohd Daud Bakar is an expert in various Shariah advisory and consultancy matters related to the Labuan Islamic Financial Industry, especially with Labuan FSA’s regulations. Currently, he serves as the Chairman of the Shariah Advisory Council (SAC) at the Central Bank of Malaysia, the Securities Commission of Malaysia, the Astana International Financial Centre (AIFC), Kazakhstan, the First Abu Dhabi Bank, and Permodalan Nasional Berhad (PNB).
He is also the Chairman of the Federal Territories Islamic Religious Council (MAIWP). He has been honoured with an “Award of Excellence for Outstanding Contribution to Shariah Leadership and Advisory”, the London Sukuk Summit Awards 2016 “Shariah Advisor Award”, The Asset Triple A Islamic Finance Award 2015 and “Anugerah Perdana Maulidur Rasul” by the Government of Malaysia (2014).
Chock Siew Fung
Finance & Administration
Chock Siew Fung has over 20 years of extensive experience in accounting, auditing, administration, and quality management. She is a Member of The Malaysian Insurance Institute.
Prior to joining Etiqa, she was the Head of Finance of IOI Edible Oils Sdn Bhd (Palm Oil Refinery) for 10 years in the Human Resources and Administrative Department.
Norzainab Zaini
Management Services
Norzainab Zaini graduated with a bachelor in accountancy (Honors) and a Certificate of Insurance from the Malaysian Insurance Institute. She is a Member of the Malaysian Institute of Accountants (MIA) and The Malaysian Insurance Institute (MII).
She has nearly 20 years of experience handling diverse portfolios of clients from reinsurance, brokers, and captives, each with a different background. She majors in finance and accounting, budget and cash flow forecast/projections and treasury.
Chia Ling Hui
Management Services
Chia Ling Hui graduated with Degree of Bachelor of Arts in Accounting and Finance. She is a Member of the Malaysian Institute of Accountants (MIA) and a Fellow of the Association of Chartered Certified Accountants (ACCA).
She has 10 years of experience in audit providing assurance services to a wide spectrum of clients which are involved in a variety of business activities and examining financial statements of clients to ensure compliance with accounting standards and Labuan FSA’s regulation.
She has just joined the company in August 2021 and is currently in charge of the management services for clients of Etiqa Offshore Insurance (L) Ltd.
Romeo Robert
Compliance
He graduated with a bachelor’s degree in Entrepreneurship (health entrepreneurship), is recognised as a Certified Anti-Money Laundering/Counter Financing and Regulatory Compliance Officer and is a member of The Malaysian Insurance Institute.
He has more than 5 years of working experience with Etiqa Offshore, and is currently entrusted with the critical responsibility of preparing and managing Compliance Reports. He ensures clients seamlessly adhere to Labuan FSA’s rules and regulations.
