Insurance & Risk Financing

Global hub offering end-to-end risk financing solutions from traditional insurance to alternative capital, supported by advanced technology, and a skilled and professional workforce.

Overview

Today, Singapore is already recognised as the leading reinsurance and specialty insurance center in Asia.
 
Singapore aims to be a global capital for Asian risk transfer, offering a wide spectrum of risk financing solutions including:
    1. retention using captives;
    2. risk transfer to reinsurance and insurance markets;
    3. risk pooling using commercial and sovereign risk pools;
    4. risk transfer to capital markets using alternative risk capital mechanisms, such as insurance linked securitisation.  
With the establishment of the Global-Asia Insurance Partnership (GAIP), Singapore will be a center of excellence in setting the foundation for insurers and the academia to work with public policy makers to create innovative insurance solutions to address systemic structural protection gaps, as well as new and emerging risks.
 
This is underpinned by a modern and digital marketplace and a future ready and skilled workforce, working in collaboration with insurtech start-ups, academia and international organisations to transform the way risks and capital are connected.

View the list of the various types of insurance entities

Key Facts

(Our strategies) mark the metamorphosis of Singapore’s reinsurance industry as we transform from a mainstream traditional reinsurance hub, to a sophisticated full-fledged global capital for Asian risk transfer. 

Regulations & Guidelines

Entities wishing to conduct insurance and insurance broking activities are licensed and governed under the Insurance Act. Find out about the different types of insurance entities and their licensing requirements.

Entities and their representatives who wish to conduct financial advisory activities need to be licensed under the Financial Advisory Act. Find out more about the licensing requirements for these entities.

What's New

  • Media Releases
    Published Date: 26 March 2020

    MAS Supports USD Lending through a New US$60 Billion Facility for Banks

    MAS will provide up to US$60 billion of funding to banks in Singapore through a new MAS USD Facility. The Facility will support more stable USD funding conditions in Singapore, and facilitate USD lending to businesses in Singapore and the region.

  • Media Releases
    Published Date: 25 March 2020

    Guidance on Safe Distancing Measures for Issuers when Conducting Meetings

    The Accounting and Corporate Regulatory Authority (ACRA), Monetary Authority of Singapore (MAS) and Singapore Exchange Regulation (SGX RegCo) expect all issuers to comply with the Ministry of Health’s (MOH) mandatory safe distancing measures. Issuers must implement all the relevant measures in the conduct of meetings including general meetings and scheme meetings.

  • Media Releases
    Published Date: 23 March 2020

    MAS Tells Financial Institutions to Adopt Safe Distancing Measures

    MAS issued an advisory to all financial institutions in Singapore, telling them to implement safe distancing measures in all aspects of their business operations, especially customer touch points. This is part of the national effort to reduce the risk of further local transmission of COVID-19.

  • Media Releases
    Published Date: 23 March 2020

    Date of Release of Monetary Policy Statement

    MAS will release its next six-monthly Monetary Policy Statement on 30 March 2020 (Monday), at 8:00 am. The statement will be posted on the MAS website.