LiquidX's Singapore entity obtains MAS insurance brokerage licence

LISS will help banks, asset managers, and corporates access trade credit insurance coverage.

New York-based fintech firm LiquidX has announced that its Singapore entity LiquidX Insurance Services (Singapore) has received approval from the Monetary Authority of Singapore (MAS) to offer insurance brokerage services in the country. 

Alex Bursak, LiquidX director and regional head of insurance for Asia Pacific, was named director of the program.

LISS can now help banks, asset managers and funds, and corporates in Singapore to access and automate trade credit insurance coverage via the LiquidX 360 platform. The digital platform serves the trade credit insurance value chain for quoting, policy management, and risk monitoring. 

“We are honored and excited to be registered as an insurance broker by MAS, which will allow us to strengthen our position as the global leader in digitizing the trade credit insurance market,” Bursak said.