Governance, Risk and Compliance - The Singaporean Insurance Industry

Jun 22, 2016 - Timetric - 63 pages - USD $950
Report Summary Table of Contents Request Details Related
The report provides insights into the governance, risk and compliance framework pertaining to the insurance industry in Singapore, including:
  • An overview of the insurance regulatory framework in Singapore.
  • The latest key changes, and changes expected in the country's insurance regulatory framework.
  • Key regulations and market practices related to different types of insurance product in the country.
  • Rules and regulations pertaining to key classes of compulsory insurance, and the scope of non-admitted insurance in Singapore.
  • Key parameters including licensing requirements, permitted foreign direct investment, minimum capital requirements, solvency and reserve requirements, and investment regulations.
  • Details of the tax and legal systems in the country.
Report Highlights
  • The Singaporean insurance industry is supervised and regulated by the Monetary Authority of Singapore.
  • The favorable foreign direct investment (FDI) regime, which allows up to 100% foreign participation, will encourage international insurance companies to enter the Singaporean insurance industry.
  • The direct placement of non-admitted insurance and reinsurance is prohibited in Singapore.
  • Composite insurance licenses to carry on both life and general insurance business in Singapore are granted by MAS.
  • Motor vehicle third-party liability insurance, workmen's compensation insurance and government health insurance are compulsory in Singapore.
Report Scope
  • The report covers details of the insurance regulatory framework in Singapore.
  • The report contains details of the rules and regulations governing insurance products and insurance entities.
  • The report lists and analyzes key trends and developments pertaining to the country's insurance regulatory framework.
  • The report analyzes the rules and regulations pertaining to the establishment and operation of insurance businesses in the country.
  • The report provides details of taxation imposed on insurance products and insurance companies.
Reasons to Get this Report
  • Gain insights into the insurance regulatory framework in Singapore.
  • Track the latest regulatory changes, and expected changes impacting the Singaporean insurance industry.
  • Gain detailed information about the key regulations governing the establishment and operation of insurance entities in the country.
  • Understand key regulations and market practices pertaining to various types of insurance product.

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FORMAT: Single User PDF - Delivered by Email $950 USD
LICENSE: Single User
DELIVERY: By Email - 1 Business Day


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About the Publisher
Timetric is an independent economic and business research firm providing critical intelligence on emerging economies and key global industries. They provide detailed economic and sector intelligence, business insights and authoritative, independent commentary.