Immerse into the world of sports with PUMA, one of the world’s leading sports brands with a history of more than 70 years. PUMA is passionate about delivering quality sporting goods, the best running shoes and apparel for football, golf, basketball and more. PUMA enhances their brand image by drawing inspiration from its unique heritage in sports and the latest lifestyle trends.

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. The brand had gained notoriety since Jesse Owens sported Dassler spikes and won four gold medals during the 1936 Olympic Games. More athletes wore PUMA shoes and apparel in subsequent world sporting events, crafting a global reputation for the brand.

PUMA Sports Apparel and Equipment

PUMA apparel is designed for both functionality and leisure — it is suitable for all sports, from football to running. You can also style it as leisurewear and go about your day in comfortable sports apparel because sport is a lifestyle. Discover a variety of sportswear for all ages at PUMA.

PUMA’s Business Philosophy

PUMA chooses to push for change and pave the way with fashion and sportswear. As a business that incorporates sustainability into its operations, PUMA’s 10FOR25 sustainability strategy supports the United Nations Sustainable Development Goals focusing on ten key sustainability areas by working closely with stakeholders.

Better Innovations with PUMA

PUMA thrives on the culture of being first and delivering performance innovations to push athletes to greater heights. In 1968, the Brush Spike that featured Velcro™ on performance footwear was designed for the first time. The tiny rows of spikes on the shoes helped athletes maximise traction and minimised resistance, which worked well for athletes at the 1968 Olympic Trials.

PUMA #Reform

Living without prejudice should not be open to debate. That’s why PUMA works with nonprofit organisations like The Trevor Project and BAGLY to accelerate equal rights, personal autonomy, and freedom of expression for LGBTQ+ communities. PUMA’s best running shoes do not tolerate racism, bigotry, or police brutality.

Your Journey of CAB

to enhance facultative reinsurance and coinsurance administration, the Central Administration Bureau (CAB) was formed in 1995, providing a web-based-dependent process (CABFAC) to eliminate reconciliation problems and make more straightforward claims and payout. CAB Malaysia recognized its 25th anniversary in 2020, handled from the Malaysian Reinsurance Berhad in Damansara Height.

CAB’s Corporate Framework

The CAB Table works with a Chairman, a lasting member from Malaysia Re, a PIAM representative and four supervisory board participants. Its inside functions are underneath the handling of a Secretary (Bureau Manager), while an Operation Leader directs the Secretary’s Financial and System report. CAB’s customer collection is comprised of over 70 neighbourhood and overseas insurance coverage industry stakeholders.

CAB’s Digitalised Online-Centered Techniques

One of the significant troubles encountered by the facultative reinsurance and coinsurance industry is the enduring procedure of repayment reconciliation; hence CAB set up the CABFAC and CABCO to solve this problem. Jointly backed by CAB people, each online-based technique is created to increase equilibrium settlements, make simpler recovery statements, and eliminate reconciliation problems.

CAB Malaysia

Knowing the CABFAC Method

CAB’s Facultative Reinsurance System is Asia’s initial computerized web-dependent system to provide facultative reinsurance deals. The program has four modules, the underwriting unit, state unit, offer you module and revealing module. In facultative reinsurance, primary insurance firms acquire coverage to cover company dangers to ensure solvency and safety in the face of any activities.

Precisely what is Coinsurance?

Coinsurance is coverage provided by various insurance carriers for an individual consumer or entity. Modelling the CABFAC system’s achievement, individuals Persatuan Insurans Am Malaysia (PIAM) produced the digital CAB Coinsurance Program (CABCO) for effective assert settlements and transactions. The CABCO method incorporates a declare module, revealing element and underwriting module.

CAB Registration Positive aspects

The CAB’s centralised CABFAC electronic ecosystem helps members carry out far more uncomplicated transactions for facultative reinsurance and coinsurance operations through clear recommendations. Insurance policy and takaful operators pay a one-off joining charge of MYR41,465 and an annual cost of MYR 7,195. Brokerages pay a yearly payment of MYR1,500 and a monthly amount of MYR50.

People in CAB

Make an application for a CAB registration to experience an internet-centred system that gives seamless features for facultative reinsurance & coinsurance. CAB is now providing more significant than 70 insurance providers & reinsurers, takaful & retakaful operators, broker agents, and offshore reinsurers & broker agents, such as renowned table people, for example, AIG Malaysia, Kuwait Re, and Takaful Ikhlas.

Register as an Associate

The insurance plan business encountered intensive facultative management and setbacks in reconciliation obligations problems. As a remedy, CAB Malaysia supplies a safe computerized web-structured platform to control reinsurance and retakaful purchases. CAB’s services have benefitted many organisations for twenty-five years — instilling certainty in the facultative reinsurance and coinsurance industry.