Ongoing regulatory changes in Singapore

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By Richard W. Holloway, Wen Yee Lee | 24 May 2013

As part of its continued effort to enhance the governance of the insurance industry in Singapore, the Monetary Authority of Singapore (MAS) has issued a number of new notices and guidelines in recent weeks.

Key elements include:

  • Guidelines on risk management practices and enterprise risk management (ERM)
  • Notice on investments of insurers
  • Guidelines on use of internal models for liability and capital requirements for life insurance products containing investment guarantees with non-linear payouts
  • Public disclosure requirements
  • Revised regulations on corporate governance