to be one of the three Asian representatives in the
Executive Committee of the International Association
of Insurance Supervisors (IAIS) and has contributed
to IAIS initiatives to enhance the effectiveness
of insurance supervision. In particular, we are an
active member in IAIS’ Insurance Contracts
Subcommittee, which provides inputs to the second
phase of the International Accounting Standards Board’s
project on insurance contracts accounting.
Regionally, MAS participates in the ASEAN Insurance
Regulator’s Meeting (AIRM), which is an
annual forum for regional insurance supervisors
to exchange views and updates on new developments.
MAS is also a member of the ASEAN Insurance Research
and Training Institute’s (AITRI) Management
Board (which oversees the running of AITRI. The
other members of the management board are from
Malaysia, Indonesia, Thailand and the Philippines.
Together with the other ASEAN insurance regulators
MAS also sits on the Board of Trustees of AITRI.