Types of Entities and Licences
Insurers and insurance brokers are licensed and governed under the Insurance Act . Find out about the different types of insurance entities and their licensing requirements.
For the list of insurers and insurance brokers in Singapore, see the Financial Institutions Directory.
Regulations and Guidance
MAS is governed by the MAS Act, which confers on it powers to issue legal instruments for regulation and supervision of financial institutions.
Browse by Entity Types
- Direct Insurer (Composite)
- Direct Insurer (Life)
- Direct Insurer (General)
- Reinsurer (Composite)
- Reinsurer (Life)
- Reinsurer (General)
- Captive Insurer
- Lloyd's Asia Scheme
- Financial Holding Company (Insurance)
- Approved MAT Insurer
- Authorised Reinsurer
- Representative Office (Insurance)
- General Insurance Agents
Browse by Topics
Governance
Prudential and Supervisory Requirements
Anti-Money Laundering
Risk Management
Regulatory Submissions
Licensing, Authorisation and Registration
Conduct
Exemptions
Consumer Finance
Resolution
Development Initiatives
What's New
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ID 09/23 Response to Public Consultation on Proposed Framework for Systemically Important Insurers in Singapore
Informs licensed insurers on the issuance of response paper and media release on the implementation of the framework on Systemically Important Insurers in Singapore.
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Circular on ensuring effective detection of sanctions-related risks
This circular sets out additional guidance that financial institutions (FIs) should consider in order to ensure that they have robust processes in place to effectively detect and manage sanctions-related risks. Specifically, FIs need to maintain strong Board and Senior Management oversight over sanctions-related risks,...
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Strengthening AML/CFT controls on risks of misuse of legal persons/arrangements and complex structures
This paper sets out typologies, case studies as well as supervisory expectations of effective AML/CFT controls to detect and mitigate risks associated with the misuse of legal persons/arrangements and complex structures. This paper follows from MAS’ inspections of FIs and supplements the existing guidance on (a)...
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Financial Holding Companies (Levy) Regulations 2023
Sets out the annual levy payable by designated financial holding companies.
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Insurance (Nomination of Beneficiaries) Regulations 2009
Sets out requirements for trust and revocable nomination on relevant life policy or accident and health policy, including the forms to be used for such purpose.