Requirements for licensed insurers, except for captive insurers, marine mutual insurers and special purpose reinsurance vehicles, on the returns to be lodged with MAS.

Sets out the requirements under the risk-based capital framework for all licensed insurers, including the way in which assets and liabilities are to be valued.

Applies to all licensed insurers, except for captive insurers, marine mutual insurers and Special Purpose Reinsurance Vehicles. It sets out the requirements for insurers to submit returns to MAS.

This consultation paper sets out more specific proposals, following the first consultation of the roadmap for MAS’ review of the RBC framework in June 2012. The consultation paper also contains the detailed technical specifications for insurers to conduct a full scope Quantitative Impact Study (“QIS”) to fully understand the impact of RBC 2.

Consultation number:

P003 - 2014

Start date:

26 March 2014

Closing date:

30 June 2014

MAS response date:

15 July 2016