Representative Offices

Representative offices are registered under section 6A of the Insurance Act (Cap. 142). They are not allowed to carry on or solicit insurance business in Singapore and can only carry on activities approved by MAS.

In assessing an application for a representative office, MAS takes the following factors into consideration:

a. Domestic and International Rankings
The applicant's domestic and international rankings by, inter alia, factors such as premiums and assets.

b. Past and Present Credit Ratings
The applicant's credit ratings by international rating agencies including Standard and Poor's, A.M Best, Moody's and Fitch.

c. Track Record, Financial Soundness and Reputation
The track record, financial soundness and reputation of the applicant, having regard to the applicant's level of compliance with its home regulations.

d. Fitness and Propriety
The applicant should satisfy MAS that -
i. it is a fit and proper person to be approved;
ii. the Singapore representative whom it has appointed to be responsible for the activities of the proposed representative office in Singapore, is a fit and proper person to hold the office; and
iii. all persons having control of the applicant are fit and proper person.

Prospective applicants are encouraged to meet with the Insurance Department, MAS to discuss their business plans before submitting a formal application. All applications are to be submitted on prescribed form embedded above.

For further clarifications or enquiries on the requirements, please send them to

Last Modified on 08/09/2017