Singapore: Detailed Assessment of Observance-Insurance Core Principles

Publication Date: December 05, 2013
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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(s): Insurance legislation | Insurance regulations | Insurance supervision | Reports on the Observance of Standards and Codes | Financial Sector Assessment Program | Singapore

Publication Date: December 05, 2013
ISBN/ISSN: 9781475563979/1934-7685 Format: Paper
Stock No: 1SGPEA2013006 Pages: 90
US$18.00 (Academic Rate:
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