Requirements and guidelines for licensed insurers on the appointment of director, chairman and key executive person.
This notice applies to all licensed insurers.
It sets out requirements and guidelines for insurers to:
Informs locally incorporated insurers on the issuance of the revisions to the Guidelines on corporate governance for designated financial holding companies, banks, direct insurers, reinsurers, and captive insurers which are incorporated in Singapore ("CG Guidelines"), and MAS’ response to the feedback received following the consultation on the CG Guidelines.
This consultation paper sets out MAS’ proposed revisions to the Guidelines on Corporate Governance for Designated Financial Holding Companies, Banks, Direct Insurers, Reinsurers and Captive Insurers which are incorporated in Singapore. MAS is proposing these revisions taking into account international standards and industry good practices.
Guidelines on corporate governance for financial institutions incorporated in Singapore.
Informs insurers of the amendments to MAS Notice 106
Guidelines on fit and proper criteria for all relevant persons carrying out any activity regulated by MAS.
Guidelines on the role that a financial institution's Board of Directors and senior management play in risk management.
Informs locally incorporated insurers on the release of the consultation paper on the proposed revisions to the guidelines on corporate governance for designated financial holding companies, banks, direct insurers, reinsurers, and captive insurers which are incorporated in Singapore
Sets out the corporate governance requirements applicable to all direct insurers and reinsurers incorporated in Singapore (except marine mutual insurers)
Sets out the roles and responsibilities of appointed and certifying actuaries, and MAS' expectations on the appointment process and notification of engagements in equivalent roles in other jurisdictions.
