Last Revised Date: 05 March 2020

Notice 114 Reinsurance Management

Requirements and guiding principles for insurers on the management of outward reinsurance arrangements.

This notice applies to all licensed insurers, except for paragraph 5, which does not apply to reinsurers and captive insurers.

It sets out:

  • Mandatory requirements for direct insurers to submit annual returns pertaining to their outward reinsurance arrangements and exposures to their top ten reinsurance counterparts.
  • Guiding principles that relate to the oversight of the reinsurance management process of insurers and the determination of significant insurance risk transfer.

Amendment Notes

05 Mar 2020
MAS 114 (Amendment) 2020 (978 KB) takes effect on 31 Mar 2020
22 Apr 2013
MAS 114 (Amendment) 2013 (64.7 KB) takes effect.
01 Apr 2011
MAS 114 dated 1 Apr 2011 (141.1 KB) takes effect. [Cancelled with effect from 22 Apr 2013]