Insurers may carry on insurance business in Singapore as licensed insurers, authorised reinsurers, approved Marine, Aviation and Transit (MAT) insurers, or foreign insurers. Insurance brokers may conduct insurance broking activities in Singapore as registered insurance brokers or approved insurance brokers. Find out about the regulations, updates and licensing for such institutions.
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Prudential and Supervisory Requirements
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Informs captive insurers and special purpose reinsurance vehicles of the Compliance Toolkits for Approvals, Notifications and Other Regulatory Submissions to MAS.
This Compliance Toolkit is to guide and facilitate special purpose reinsurance vehicles’ compliance with the various MAS approval and reporting requirements and timelines.
This Compliance Toolkit is to guide and facilitate captive insurers’ compliance with the various MAS approval and reporting requirements and timelines.
This consultation paper sets out the proposed amendments to the Insurance Act 1966 and the Insurance (Intermediaries) Regulations, which take into account regulatory and market developments, as well as align where appropriate, the regulatory framework for insurance with that of other financial activities regulated by MAS.
- Consultation number:
- P012 - 2022
- Start date:
- 04 November 2022
- Closing date:
- 13 January 2023
Informs captive insurers of the measures that they should implement to mitigate fraud incidents that involve fraudsters masquerading as captive insurers.