Guidelines on Risk Management Practices for Insurance Business - Insurance Fraud Risk
These guidelines apply to all insurers.
They set out:
- Risk management practices to identify and mitigate insurers' exposure to the risk of insurance fraud.
- Principles that should be embedded in a risk management framework.
Related to this Item
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GuidelinesLast Revised Date: 28 June 2021
Guidelines on Risk Management Practices – Board and Senior Management
Guidelines on the role that a financial institution's Board of Directors and senior management play in risk management.
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GuidelinesPublished Date: 18 January 2021
Guidelines on Risk Management Practices – Technology Risk
Risk management principles and best practice standards to guide financial institutions in managing technology risk.
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GuidelinesLast Revised Date: 05 October 2018
Guidelines on Outsourcing
Guidelines for financial institutions on risk management of outsourcing arrangements.
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GuidelinesPublished Date: 19 July 2017
Guidance on Insurers' Own Risk and Solvency Assessments
Information paper outlining MAS' key observations from a review of the industry’s Own Risk and Solvency Assessment (ORSA) reports, with the aim of guiding insurers towards improving their respective ORSAs.
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GuidelinesPublished Date: 01 July 2014
Guidelines on Risk Management Practices – Internal Controls
Guidance to financial institutions on sound practices for their internal control environment and business process controls.
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GuidelinesPublished Date: 01 March 2013
Guidelines on Risk Management Practices for Insurance Business - Core Activities
Guidelines on sound practices in carrying out insurance business and principles relating to risk management framework.
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NoticesPublished Date: 23 January 2013
Notice 123 Reporting of Suspicious Activities and Incidents of Fraud
Requirements for insurers to report suspicious activities and incidents of fraud.