Magazine Table of Contents
The Monetary Authority of Singapore has been working to make Singapore the centre for insurance-linked securities in Asia by building more structuring capabilities and growing the base of professional service providers and insurance experts to support issuance.
According to MSIG Insurance (Singapore)’s Mr Mack Eng, the non-life insurance industry in Singapore has demonstrated remarkable resilience in the face of numerous challenges.
Despite the headwinds, Singapore’s life insurance industry will continue to invest to enhance efficiencies and customer experiences as it prioritises meeting financial and protection needs.
Singapore’s insurance market has been sitting pretty despite the volatile economic landscape. Initiatives by the regulator will further fortify the industry’s resilience and market confidence.