Insurance & Risk Financing

Today, Singapore is well-recognised as the leading reinsurance and specialty insurance centre in Asia. We continue to deepen underwriting and research capabilities in large and complex risks, and aim to become a global capital for Asian risk transfer offering a wide spectrum of risk financing solutions that goes beyond traditional insurance and reinsurance, to risk pools and alternative risk transfer mechanisms such as insurance linked securities and supported by forward looking technology and highly skilled future ready professionals.

Global-Asia Insurance Partnership (GAIP)

GAIP is a leading global Centre of Excellence in insurance and risk management, with a focus on Asia. It is a tripartite partnership between the global insurance industry, regulators and policymakers, and academia, to build long-term resilience and close the protection gap in Asia.

What's New

  • Enforcement Actions Media Releases
    Published Date: 30 June 2022

    MAS Reprimands Three Arrows Capital for Providing False Information and Exceeding Assets Under Management Threshold

    Singapore, 30 June 2022…The Monetary Authority of Singapore (MAS) today reprimanded Three Arrows Capital Pte. Ltd. (TAC) for providing false information to MAS and exceeding the assets under management (AUM) threshold allowed for a registered fund management company (RFMC). 2. In August 2013, TAC obtained its RFMC...

  • Monographs/Information Papers
    Published Date: 30 June 2022

    Implementation of Fairness Principles in Financial Institutions' Use of Artificial Intelligence / Machine Learning

    MAS conducted a thematic review on selected financial institutions’ (FIs) implementation of Fairness Principles in their use of Artificial Intelligence / Machine Learning (AI/ML). The paper highlights observations from the review of the FIs’ policies and governance frameworks to meet the Fairness objectives under the FEAT Principles, and their implementation effectiveness in actual AI/ML use cases. It sets out MAS’ recommendations, good practices and illustrative examples observed from the review.

  • Enforcement Actions
    Published Date: 28 June 2022

    Individual charged for carrying on fund management without a capital markets services licence

    Singapore, 28 June 2022… Ms Lee Ying Hui (“Lee”), was charged today for an offence under the Securities and Futures Act 1 (“SFA”). 2 Ms Lee is accused of managing her clients’ portfolio of capital markets products and entering into spot foreign exchange contracts for the purpose of managing her clients’ funds, between...

  • Consumer Price Developments
    Published Date: 23 June 2022

    Consumer Price Developments in May 2022

    This May 2022 report contains an update of the latest consumer price developments in Singapore, prepared by MAS and the Ministry of Trade and Industry.