What MAS Offers
As a global capital for Asian risk transfer, Singapore offers a wide spectrum of risk financing solutions including:
Captives
- Singapore is home to many large multi-national corporations and global Fortune 500 companies.
- Such large enterprises set up captive insurance companies to insure against business risks, as a strategic option in their group risk management. As of 15 January 2021, Singapore is home to 79 captive insurers.
Insurance and Reinsurance
- Transfers risks to the traditional insurance and reinsurance markets.
- Specialised lines such as credit insurance, aviation, energy, terrorism & political risk, professional indemnity, and marine hull & liability, cyber, and natural catastrophe risks.
Risk Pooling
- Sovereign risk pools to provide immediate financing in the aftermath of a natural disaster e.g. Southeast Asia Disaster Risk Insurance Facility (SEADRIF).
- Commercial risk pools for e.g. Belt & Road Initiative (BRI) Insurance Consortium to provide capacity for specialised risks.
Alternative Risk Transfer Mechanism
- Transfers risk to the capital markets through insurance-linked securitisation, for example catastrophe bonds.
- Catastrophe bonds provide multi-year capacity and pricing certainty, are more secure due to their fully collateralised nature and ability to be rated, are a good alternative to traditional reinsurance for risks that are hard to model and they are capital-efficient.
Regulations and 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.
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Contact Us
Write to us at webmaster@mas.gov.sg for more information.
What's New
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Welcome Remarks by Mr Chia Der Jiun, Managing Director, Monetary Authority of Singapore, and Chairman, Institute of Banking and Finance at the IBF Distinction Evening on 24 September 2026
At the IBF Distinction Evening 2026, Mr Chia Der Jiun, Managing Director of MAS and Chairman of IBF, spoke on IBF's efforts over the past year to equip the financial sector workforce with emerging skills, support workforce transitions, and develop the next generation of talent.
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Keynote Address by Mr Gan Kim Yong, Deputy Prime Minister and Minister for Trade and Industry, and Chairman of the Monetary Authority of Singapore, at the Institute of Banking and Finance (IBF) Distinction Evening on 24 September 2026
At the IBF Distinction Evening 2026, Mr Gan Kim Yong, Deputy Prime Minister, Minister for Trade and Industry (Trade), and Chairman of MAS, spoke about preparing Singapore’s financial sector workforce for AI through skills development and stronger tripartite collaboration.
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Consumer Price Developments in August 2026
This August 2026 report contains an update of the latest consumer price developments in Singapore, prepared by MAS and the Ministry of Trade and Industry.
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Financial Stability Review 2026
Read the annual Financial Stability Review for the analyses and results of the MAS' assessment of Singapore's financial system in 2026.
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"Engineering Resilience: The Role of Insurance in Asia's Next Chapter " - Opening Address by Mr Lim Cheng Khai, Executive Director, Financial Markets Development Department, Monetary Authority of Singapore, at the IMIA Annual Conference on 21 September 2026
At the IMIA Annual Conference, Mr Lim Cheng Khai, Executive Director, Financial Markets Development Department, MAS described the insurance industry's role in supporting Asia's growing infrastructure needs through understanding risk, reducing risk and connecting risk with capital.