Monetary Authority of Singapore Annual Report 2010/2011
Our Work

Review of Insurance Act

MAS is undertaking a comprehensive review of the IA. This is to strengthen MAS' powers for effective regulation and supervision of insurers, enhance clarity on some Act provisions, and align the regulatory approach where possible with those taken in the banking and securities sector. MAS has consulted various stakeholders. The changes will be incorporated into the IA and its subsidiary legislations by 2012.