Media Releases
Published Date: 15 September 2008

MAS' Response to Queries on AIA

MAS' Response to Queries on AIA:

"As a Singapore registered insurer, American International Assurance Company, Limited, Singapore Branch (AIA) is required under the Insurance Act and Regulations to maintain sufficient financial resources to meet all its liabilities to policyholders at all times.  AIA currently meets these regulatory requirements. MAS will continue to monitor the financial position of AIA.

With regard to policy owners' protection fund (PPF), the legislative power for MAS to establish such a fund already exists in the Insurance Act. 

The American International Group Inc. (AIG), the ultimate parent of AIA, is not regulated by MAS. We are therefore unable to comment on AIG's position."