Monetary Authority of Singapore
SG insurers see growth in new business premiums and asset holdings
SG insurers see growth in new business premiums and asset holdings
However, higher interest rates could constrain new business growth and increase policy redemptions.
MAS updates rules on life insurance product launches
The changes aim to ensure adequate regulatory oversight.
Singapore amends insurance bill post-Allianz deal
Key concern raised by the MCCY is the terms and structure of the deal.
MAS to assess capital plans in Allianz-Income deal
It will evaluate if Allianz’ acquisition meets regulatory requirements.
Only a third of Singaporeans have critical illness coverage
A quarter of Gen Zs did not meet MAS’ financial planning guidelines.
MAS banks on financial institutions to enforce robust IT security
All FIs in Singapore must comply with the Personal Data Protection Act (PDPA).
MAS confirms no competitive concerns with Allianz deal
Income's market share in life and general insurance is less than 10%.
Singapore insurers thrive under RBC 2 Regime
MAS had introduced the capital regime back in 2004.
MAS revokes insurance broker license of Acesynergy Brokers
ABPL failed to comply with regulatory requirements.
IRAS, MAS revise tax treatment of insurance reserves
Previously, reserves were non-deductible as estimates of contingent liabilities.
MAS slaps 12-year ban on ex-Manulife rep for cheating
Ong Ka Yong was sentenced to 47 months’ imprisonment on 4 September 2023.
Online nomination of insurance beneficiaries available soon: MAS
Singapore has amended insurance regulations to allow online nomination of beneficiaries.
MAS floats raising deposit insurance coverage to S$100,000
This will result in 91% of deposits being fully covered by deposit insurance.
MAS slams 6 ex-Great Eastern financial advisers with prohibition orders
This follows after the six individuals were convicted of tax evasion.
MAS issues 8-year ban to former AIG, Liberty insurance agent
Yeo Siew Liang James was convicted of 18 counts of corruption in 2021.
Singapore launches digital banker’s guarantee, insurance bond
The eGuarantee@Gov is available from over 20 financial institutions locally.
Moody's: MAS measures against erring insurers to boost client confidence
The overall business impact would be temporary because no further penalties were handed out.
Thought Leadership Centre
Resource Center
Read Here
Advertise
Sign Up
Awards
Jul
08
Events
Event News
Highlighting its innovative approach to the ageing population, digital transformation, and international insurance market leadership.
