The Central Bureau of Management (CAB), established and managed by Malaysian Re Bhd (Malaysian Re), has officially launched CAB 2.0, marking the transition of its Central Bureau of Management Interim (CABFAC) system from a legacy platform to a modern, cloud-based system.
According to Malaysia Re, the enhanced cloud version of its CABFAC system is designed to improve the speed, efficiency and accessibility of temporary reinsurance management and settlement for CAB members.
“CAB’s first cloud-based technology implementation is fully operational ahead of its official launch on March 4, 2026. The upgraded platform is designed to deliver greater efficiency, security and a better user experience, reinforcing CAB’s commitment to supporting the evolving needs of the Malaysian insurance and reinsurance industry,” explained Malaysian Re.
CAB Chairman Gary Hoo commented: “CAB 2.0 represents more than just a system upgrade. It is an important step forward in our digital transformation journey, allowing us to deliver a more efficient, resilient and future-proof platform to the benefit of CAB members and the wider reinsurance industry.”
Malaysia Re said CAB 2.0 streamlines workflows, reduces repetitive manual processes and enhances the overall user experience through faster processing, improved reporting capabilities and more efficient information management.
The company added: “Selected automation within CAB’s finance function is expected to save approximately 392.25 working hours per year, equivalent to 49 working days.”
According to reports, since the system went live, CAB users have been provided with comprehensive training courses, onboarding support and user guides, as well as ongoing support as CAB continues to enhance the platform and user experience.
Shahrom Othman, Head/Bureau Manager/Secretary, CAB, said: “The successful delivery of CAB 2.0 demonstrates what can be achieved through strong industry collaboration and a shared vision for digital transformation.
“As the next generation evolution of the Central Authority platform, CAB 2.0 is designed to deliver greater efficiency, resilience and security, while enabling the insurance and takaful industry to embrace future innovations with confidence.”
