Informs all Designated Financial Holding Companies (Licensed Insurer) and licensed insurers (except for Captive Insurers, Marine Mutual Insurers and SPRVs) of amendments made to MAS Notice FHC-N126 on Enterprise Risk Management. 

Informs all Designated Financial Holding Companies (Licensed Insurer) and licensed insurers (except for Captive Insurers, Marine Mutual Insurers and SPRVs) of amendments made to MAS Notice FHC-N129 on Returns. This is to take into account the valuation and capital requirements under MAS Notice FHC-N133.

Informs all licensed insurers and Designated Financial Holding Companies (Licensed Insurer) of the issuance of Notice FHC-N133 which sets out the valuation and capital requirements for a DFHC (Licensed Insurer) based on the enhanced valuation and capital framework (“RBC 2”) consolidation approach.

Notice FHC-N133 sets out the valuation and capital requirements for a Designated Financial Holding Company (Licensed Insurer) based on the enhanced valuation and capital framework (“RBC 2”) consolidation approach.

This consultation paper sets out the valuation and capital requirements for a Designated Financial Holding Company (Licensed Insurer) (“DFHC (Licensed Insurer)”) based on Risk Based Capital 2 consolidation approach.

Consultation number:

P010 - 2022

Start date:

27 October 2022

Closing date:

15 December 2022

MAS response date:

28 July 2023

Informs designated financial holding companies that have a subsidiary that is a licensed insurer incorporated, formed or established in Singapore on the application forms for the purpose of seeking the approval of MAS for the appointment of auditor.

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