PUMA: World-Leading Sports Brand

More than just being quick, PUMA aims to achieve one thing: to be the Fastest Sports Brand in the World. As a world-renowned sports brand, PUMA has been creating, developing and designing quality sports apparel, gym gloves and footwear for all kinds of sports, from football to motorsport and golf, for over seven decades.

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.

PUMA Sports Apparel and Equipment

PUMA put the fun in functionality by supplying a wide selection of well-designed sports apparel for sports and leisure activities. From running shoes for track and field to footwear for golf, PUMA boasts a range of comfortable sports apparel and equipment to help you perform on the playing field while incorporating sports into your lifestyle with stylish sportswear that can be worn anywhere.

Practising Sustainability Through Sports

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 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 the pursuit of creating products that adapt to human body movement and the environment based on thermoregulation, movement or fit, which led to PUMA’s self-lacing Fit Intelligence Training Shoe.

PUMA #Reform

Over the years, PUMA has partnered with athletes and ambassadors who have raised their voices to support universal equality. In 2018, PUMA gym gloves established #REFORM to honour the 50th anniversary of Tommie Smith’s Silent Gesture as an effort to stand up against the broken U.S. criminal justice system and support organisations that inspire real change.

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Developing a trusted System for the Facultative Reinsurance Company

Summary of CAB

to streamline facultative reinsurance and coinsurance management, the Central Administration Bureau (CAB) was formed in 1995, offering a web-based system (CABFAC) to eliminate reconciliation problems and make more straightforward statements and arrangements. CAB Malaysia celebrated its 25th wedding anniversary in 2020 and is monitored through the Malaysian Reinsurance Berhad in Damansara Levels.

CAB’s Business Composition

The Board and the Operation Crew are the primary factors of CAB’s organisation construction, supervising over 70 insurance sector stakeholders. The Board consists of a Chairman, a permanent Malaysian Re fellow member, a PIAM consultant and four supervisory table participants. The Secretary (Bureau Administrator) administers the Operation Staff, as the Procedure Director directs the Finance and System.

CAB’s Web-Centered Software

In the insurance policy market, checking reconciliation payments might be complex due to the time-extensive processing approach. With all operating costs collectively financed by CAB associates, the CABFAC and CABCO were shaped to assist the facultative reinsurance and coinsurance market in minimising reconciliation problems and handling on-time equilibrium settlements and claims rehabilitation.

CAB Malaysia

The CABFAC System

CAB will be the initial in Asia to launch a digital online-dependent system for controlling facultative reinsurance dealings, composed of 4 significant segments: the offer you unit, underwriting module, declare module and confirming element. Facultative reinsurance is a method wherein the primary insurance provider profits a lot more security by buying coverage to mitigate risks in their company publication.

Knowing Coinsurance

Coinsurance is the type of protection given by various insurance carriers for anyone customer or organisation. Modelling the CABFAC system’s achievement, individuals Persatuan Insurans Am Malaysia (PIAM) created the digital CAB Coinsurance Process (CABCO) for successful claim settlements and purchases. The CABCO method includes a declare unit, confirming module and underwriting module.

Be Considered A Associate to enhance Your Small Business.

Acquire a company benefit with CAB’s sleek electronic digital ecosystem. The standard operations and clear rules help resolve facultative reinsurance and coinsurance operations. A one-off becoming a member of a fee of MYR41,465 and an annual payment of MYR 7,195 is essential for insurance and takaful operators, whilst brokers pay an MYR1,500 every year cost along with an MYR50 monthly charge.


CAB’s Considerable Fellow member Portfolio

CAB’s participant stock portfolio spans widely from insurance firms & reinsurers, takaful & retakaful operators, brokerages and overseas reinsurers to recognised table associates such as Lonpac Insurance plan and AIG Malaysia. Join a CAB registration if you wish your enterprise to profit from the web-based system to simplify settlements for facultative reinsurance & co-insurance coverage.

Sign-up to be a CAB Associate

CAB Malaysia was launched in 1995 to supply a remedy for time-taking in facultative administration and reconciliation settlement delays, a number of the insurance plan industry’s fundamental problems. CAB has been committed to providing a trusted and protected internet-structured program for its customers, ensuring the facultative reinsurance and coinsurance industry’s effectiveness for twenty-five years.

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