Singapore : Detailed Assessment of Observance-Insurance Core Principles

Author/Editor:

International Monetary Fund. Monetary and Capital Markets Department

Publication Date:

December 5, 2013

Electronic Access:

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Summary:

This paper discusses findings of the Detailed Assessment of Observance on Insurance Core Principles on Singapore. The insurance industry in Singapore is growing, in particular the offshore nonlife sector. Gross premium of the sector has grown significantly by more than 80 percent in the last five years. The Monetary Authority of Singapore has made significant progress in improving the insurance regulatory regime and supervisory practice since the initial Financial Sector Assessment Program in 2004.The updated regulatory framework and supervisory practices have a significantly high level of observance of the Insurance Core Principles.

Series:

Country Report No. 13/343

Subject:

English

Publication Date:

December 5, 2013

ISBN/ISSN:

9781475563979/1934-7685

Stock No:

1SGPEA2013006

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

90

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